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Presented by
Adam Krebuszewski |
Rare- Site Plan Approved for 52 Luxury Townhomes & Clubhouse Across from South Beach Park on Hutchinson Island! Introducing ''South Beach'' a premier 6. 88-acre waterfront development site offering an opportunity to build luxury townhomes with ocean views. This low-density project is one of the last of its kind on Hutchinson Island, with extensive approvals and planning already completed. Environmental approvals have been secured, including the FDEP wetlands mitigation agreement and CCCL clearance through a third-party State of Florida engineer. The project has also received FDOT traffic approval and has been reviewed by the City of Fort Pierce Building Department. The site work permit has been submitted. Supporting documents include completed architectural and civil plans, partial structural drawings, landscape design, drainage plans, soil analysis, utility distribution, roadway access, and wildlife studies. Each approved unit offers four bedrooms and four bathrooms, with approximately 3, 300 to 4, 000 square feet under air and total living areas (including rooftop terraces) ranging from 4, 700 to 5, 700 square feet. Units include two-car garages, private backyards, rooftop terraces, and optional summer kitchens both on the roof and in the yard. The proposed amenity-rich clubhouse is designed to offer up to 50, 000 square feet of resort-style features, including a pool, spa, fitness center, café, kid zones, meeting rooms, sports lawn, pickleball court, restaurant space, and more. The scale of the clubhouse can be modified by the future developer. This exceptional location is directly across from South Beach Park with public beach access and just a short walk to waterfront dining like Square Grouper Tiki Bar and recreational spaces at Fort Pierce Inlet and Jetty Park. The property is also close to Pelican Yacht Club, Causeway Cove Marina, and Downtown Fort Pierce. Just minutes away is the new Derecktor Fort Pierce Mega yacht Shipyard, one of the only U. S. facilities capable of hauling yachts up to 500 feet and 900+ tons, further elevating the prestige of this site. Accessibility is excellent, with quick connections to Seaway Drive and North Causeway Bridge, 45 minutes to both Vero Beach and Stuart, and just 90 minutes to Palm Beach International Airport. Possible Brightline high-speed rail station going in there. With approvals secured, infrastructure planning in place, and minimal steps remaining before vertical construction, this is a unique opportunity to create a signature coastal development in one of South Florida's most desirable low-density waterfront enclaves.
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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 | $10,999,200 | $10,999,200 | $10,999,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $65,064 | $66,832 | $92,818 |
| Total Monthly Payment | $65,189 | $66,957 | $92,943 |
* 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.