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One or more photo(s) has been virtually staged. Pre-Construction. To be built. SHOVEL READY_ new construction townhome development opportunity in an established Seminole location at 13700 Park Blvd. All site work has already been fully completed, offering a major head start on execution and timeline. The property is platted into 9 separate lots, allowing for an efficient build-out and an end product that aligns with strong local demand for new construction attached housing.
The seller has two design concepts available for a buyer to consider. One option includes 3-story townhomes with rooftop terraces, and another option features a smaller-unit layout to support a different price point and absorption strategy. Drone photos and video were captured at multiple heights to help illustrate the finished vision and marketability; at approximately 55 feet, you begin to pick up water views, adding lifestyle appeal that can enhance buyer interest and support premium finishes and pricing. A key value driver is proximity to Gulf Blvd, the main beach corridor running along the barrier islands and connecting Treasure Island, Madeira Beach, and St. Pete Beach. This corridor is known for its restaurants, nightlife, beach access points, and overall coastal lifestyle—benefits that translate directly into demand drivers for end buyers and long-term resale. Another important advantage for development and ownership: the property is not located in a flood zone, which can help simplify construction planning and reduce long-term insurance concerns compared to many coastal-area projects. Permitting and execution are positioned for a smooth transition. If a buyer elects to move forward using either set of plans, the seller will have all permits ready for closing, allowing the buyer to step into a project that is ready to break ground without unnecessary delay. For investors who are not builders, there is an additional option to keep the process turnkey: the builder is willing to build the units for the buyer for an additional fee, providing a clear path for investors seeking a development project with professional execution and oversight. All supporting documentation is available upon request, including the current plan concepts and the drone media. Seller’s intent is to have all permits approved prior to closing, providing a clear path to a smooth transition and allowing the next owner to move forward without unnecessary delays.
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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 | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.007% | 5.952% |
| Monthly Tax Payment | $577 | $577 | $577 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,356 | $11,831 | $16,608 |
| Total Monthly Payment | $12,058 | $12,533 | $17,310 |
* 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.