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Presented by
Ina Cooper Team |
A rare opportunity to purchase this HUGE PRIME OCEANFRONT PROPERTY with 205 FEET OF LUXURIOUS OCEAN FRONTAGE located on the PRISTINE “NO DRIVE” BEACH surrounded by IMPRESSIVE ESTATE HOMES in the most prestigious area of Ormond Beach, Florida…. Build ONE or TWO SINGLE FAMILY HOMES!! … This awesome property ZONED R-2 is the LARGEST PARCEL IN THE AREA and can be divided into TWO BUILDABLE LOTS giving it tremendous value. . . Build an oceanfront mansion or subdivide the parcel and build your dream home on one parcel and sell the other parcel to pay for it! This property also includes AN ADDITIONAL 13, 000 SQ. FT. STRIP OF LAND which is ZONED R2. 5 on the west side of Ocean Shore Boulevard which CAN BE COUNTED TOWARDS TREE PRESERVATION AND OVERALL LOT AREA when the area on the east side is developed providing tremendous added value… This entire parcel totals 1. 07 ACRES of land calculating to 47, 325 SQ. FT… The lot is CLEARED and it is HIGH ABOVE THE BEACH so you’ll enjoy AWESOME VIEWS OF THE AZURE ATLANTIC OCEAN AS FAR AS THE EYE CAN SEE!!… It is also located in FLOOD ZONE “X” providing added protection and peace-of-mind…… Currently there is a cottage and detached garage on the property… UTILITIES IN PLACE & IMPACT FEES ALREADY PAID!! A stone’s throw to Granada Boulevard providing convenient access to shopping, great restaurants, medical facilities and much more!! Hear the sounds or the surf, smell the salt air & see majestic sunrises every day!! MAKE ALL OFFERS KNOWN!!!!!!!
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,500,000
Sales Associate
William Raveis Real Estate
Phone: 860.922.6069
Ina.Cooper@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.990.4029
Jennifer.Carreto@raveis.com
NMLS Mortgage Loan Originator ID 829975
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.154% | 6.121% | 6.011% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,898 | $16,787 | $23,251 |
| Total Monthly Payment | $16,023 | $16,912 | $23,376 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.