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Under contract-accepting backup offers. A truly rare opportunity to build a custom waterfront home in a resident-owned 55+ cooperative community tucked along the tranquil waters of Tarpon Bayou, offering direct Gulf access with no fixed bridges. This vacant, build-ready waterfront lot includes a 30-foot private boat slip (a significant included value) and utilities already in place, making it ideal for buyers seeking a seamless path to creating a custom manufactured or mobile home that aligns with the attractive, well-maintained homes throughout the community. An elevated or thoughtfully designed new home here would enjoy constant waterfront activity, from dolphins and manatees gliding past to stunning sunset views and refreshing coastal breezes. Ownership includes a share in the cooperative, providing stability, pride of ownership, and access to seven-plus acres of water-surrounded grounds, a community dock, kayak launch, shuffleboard courts, and a welcoming clubhouse that hosts frequent social gatherings. Boating enthusiasts will appreciate being able to step from home to boat and cruise directly to the Anclote River, the historic Tarpon Springs Sponge Docks, Anclote Island, and Three Rooker Island, while anglers can fish right from the docks for snook, redfish, and trout. The community allows up to two small pets and permits one-month minimum rentals, offering flexibility for seasonal residents or extended-stay use. Just minutes away, Tarpon Springs delivers a vibrant coastal lifestyle with waterfront dining, authentic Greek cuisine, boutique shopping, First Friday events, the Pinellas Trail, Fred Howard Park, Sunset Beach, and nearby Gulf beaches. Vacant waterfront lots with included boat slips in established 55+ co-op communities are extremely limited in Pinellas County, making this a standout opportunity for buyers seeking affordable Gulf-access living and the freedom to build a personalized waterfront retreat in one of Tarpon Springs’ most charming and sought-after settings.
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Our Executive Mortgage Banker:
Our Insurance Division:
$90,000
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 | $72,000 | $72,000 | $72,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $443 | $455 | $598 |
| Total Monthly Payment | $518 | $530 | $673 |
* 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.