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Welcome to Kings Gate Club, a spectacular 55+ gated cooperative in beautiful Nokomis, Florida! This waterfront lot with a dock and intercoastal access is located near the fork of Shacket Creek and Cowpen Slough, which is only a 30-minute boat ride to Dona Bay with amazing fishing, wildlife, and sunsets. In a premier 55+ cooperatively owned gated community, Kings Gate Club is just minutes to beaches, shopping, restaurants, Sarasota Memorial hospital and I-75, yet hidden from public view. Even Siesta Key beach, which is ranked #2 beach in the US and 14th in the world is less than 17 miles away! Among the many amenities that this community offers is the oversized swimming pool with lap lanes, 24-hour fitness center, saunas, community hot tub, game and craft rooms, woodworking shop, pickleball, tennis, bocce ball and shuffleboard courts for the sport enthusiast. Included in your HOA fees of only $438 a month (paid quarterly) are over 200 cable channels and state-of-the-art fiber optics internet, mowing, garbage, and water. The property, which is 1 of 39 lots on Shacket Creek in the 331-unit community, has a recently updated seawall, trex dock, and cleaning station. It is an amazing opportunity to bring in a new manufactured or modular home to a premier location. The double wide manufacturer's home needs to meet King's Gate Club's guidelines of being at least a 2-bedroom, 2-bathroom unit that is at least 960 square feet. Each lot must have a carport and shed. Lanais are optional but a great addition to Florida living, especially with the water access! Sit back and enjoy an unbelievable view of all the wildlife, fish, manatees, and birds. Listing agent can provide contact information for new home dealers that can assist you in finding your perfect home to put on this lot!
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:
$158,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $126,400 | $126,400 | $126,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.648% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $728 | $768 | $1,024 |
| Total Monthly Payment | $803 | $843 | $1,099 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.