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Presented by
Elizabeth Doll |
**Prime Vacant Lot in Redington Shores – One Block from the Beach**
An exceptional opportunity to secure a vacant residential lot in one of the most desirable beachside communities on Florida’s Gulf Coast. Located just one block from the pristine beaches of the Gulf of Mexico, this property offers the ideal setting to build your dream coastal home or investment property.
This offering includes one lot; however, the Seller also owns the adjacent parcel located directly behind on 2nd Street. The two properties are separate legal lots with distinct tax records and parcel identification numbers. While the Seller is willing to sell the lots individually, there is a strong preference to sell both parcels together, presenting a rare opportunity for expanded development potential.
For investors and builders, acquiring both lots could create the possibility to develop multiple residences, subject to zoning regulations and city approvals. Any plan to combine the parcels would require verification with the City of Redington Shores and may require a variance or formal lot combination process.
Zoned R-2 Residential, the property is suitable for an elevated single-family home, townhome, second home, or income-producing investment property. **Prime Location Highlights: **
Centrally located in Redington Shores, just minutes from Madeira Beach and John’s Pass Village & Boardwalk. Enjoy convenient access to local shops, dining, and nightlife. The Beach Trolley provides easy transportation to Clearwater, Treasure Island, and St. Pete Beach, while the SunRunner offers direct access to vibrant Downtown St. Petersburg.
Whether you are envisioning a private beach retreat or seeking a strategic investment opportunity with development flexibility, this property offers outstanding potential in a thriving coastal community.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$279,900
Sales Vice President
William Raveis Real Estate
Phone: 860.614.6078
Elizabeth.Doll@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $223,920 | $223,920 | $223,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.168% | 5.561% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,289 | $1,341 | $1,800 |
| Total Monthly Payment | $1,364 | $1,416 | $1,875 |
* 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.