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Under contract-accepting backup offers. Fully rebuilt and move-in ready, this elevated coastal home in Placida offers a rare combination of like-new condition, low insurance costs, and zero deferred maintenance—making it one of the best values on the market today. Reconstructed from the floor up following Hurricane Ian, this home delivers peace of mind with major system upgrades already completed, including a 2023 aluminum 5V metal roof, impact-rated windows and doors throughout, and dual A/C systems (2022).
A major standout feature is the transferable flood insurance policy at approximately $800/year, a significant advantage in a Flood Zone AE area that dramatically reduces long-term ownership costs compared to similar homes.
The main living level showcases updated interiors throughout, designed for comfort and durability, while the entire ground level functions as a spacious garage and flex area with dual garage doors—ideal for vehicles, storage, a workshop, or recreational equipment. Outdoor living is enhanced with an expansive 40’ x 12’ rear lanai and a 60’ x 8’ covered front porch, perfect for enjoying the coastal lifestyle.
Additional highlights include an extra-long 60-foot concrete driveway with ample space for a boat or RV, and a prime location near boating, beaches, golf, and world-class fishing.
This is not your typical older home—this is a fully updated, insurance-friendly property offering long-term value, reduced risk, and true move-in readiness. Opportunities like this are rare—schedule your showing today.
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Our Executive Mortgage Banker:
Our Insurance Division:
$795,000
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 | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $402 | $402 | $402 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,916 | $4,020 | $5,281 |
| Total Monthly Payment | $4,410 | $4,514 | $5,775 |
* 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.