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HOME WILL BE RAISED ABOVE BASE FLOOD ELEVATION (in progress). CONSTRUCTION RENDERINGS DEPICT THE PLANNED DESIGN OF THE RESIDENCE. This is your chance to create a truly spectacular waterfront retreat in one of the most coveted boating locations on Florida’s Gulf Coast. This 3-bedroom, 2. 5-bath pool home sits on a prime waterfront lot overlooking the wide, sparkling waters of Boca Ciega Bay. The seller has already done the heavy lifting to set this home up for its next chapter. The biggest value: the permitting and payment to raise the home above base flood elevation has already been completed—a process that typically takes a year. Be the one to step into this rare opportunity with a major head start, purchasing a home that will sit above flood elevation once the lift is complete. Even better, when the home is elevated, the current garage area will be transformed into livable space, perfect for a second master suite, bonus room, office, gym, or guest quarters—adding both functionality and long-term value. From there, the interior is a blank canvas to design exactly how YOU want it: your finishes, your floor plan, your vision. Enjoy peace of mind with a brand-new seawall (January 2025) and a dock ready for your boat, making every day on the water effortless. From your backyard, it’s a quick idle to the sandbar, open Gulf waters, and world-class beaches. You are also just minutes from charming local restaurants serving up the freshest seafood daily. With its stunning pool overlooking the water, prime location, and the major cost and time investment for elevation already handled, this property offers a unique blend of coastal lifestyle and long-term investment security. Bring your imagination, your builder, and your boat—this is a rare chance to create the waterfront home of your dreams without the wait!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,575,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $1,260,000 | $1,260,000 | $1,260,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $1,393 | $1,393 | $1,393 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,554 | $7,758 | $10,633 |
| Total Monthly Payment | $9,072 | $9,276 | $12,151 |
* 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.