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SUNSET LOVERS HERE IT IS!! This PRIME CORNER LOT 50' x 100' +/- with GULF VIEWS! GROSS INCOME POTENTIAL $200K+on this High performance location. This amazing Buildable Parcel offers the ideal canvas for building your ELEVATED GULF VIEW BEACH HOME. Three options - Build your DREAM Estate size home by combining 2 parcels for a 100 x 100 ft +/- parcel OR build 4 amazing homes on an amazing ASSEMBLAGE OPPORTUNITY for your Coastal Development Retreat: 4 Total parcels: 50' x 100' +/- in this assemblage opportunity by purchasing adjacent Corner parcels and the 2 interior parcels: 4109 Estero + 4151 Estero + 96 Hercules + 111 Coconut Dr = 400 ft x 100 ft. MULTIPLE BUILDER INTRODUCTIONS, RENDERING SELECTIONS AND FLOORPLANS. Imagine waking up to the sound of waves crashing and strolling along the beach with your coffee for sunrise. If your interested in Incredible INCOME Potential: $175K-$250K GROSS RENTAL INCOME IN YOUR 5 bedroom Beach Cottage! This Corner lot boasts an enviable location directly across the street from the beach access, providing convenient and immediate enjoyment of the Gulf's pristine sands and sparkling waters. TWO BEACH ACCESSES TO CHOOSE FROM ACROSS THE STREET. With its coveted location directly across from the beach, this lot promises endless possibilities for building the vacation rental or beach home of your dreams. DIRECT BEACH ACCESS makes this parcel highly desirable. Imagine this Luxury Coastal residence, situated on a vacant corner lot with beach access just steps away, offers an unparalleled blend of comfort, elegance, and breathtaking views. Picture yourself unwinding on your wrap around balcony, savoring panoramic vistas of the Gulf stretching out before you. This expansive outdoor sanctuary serves as the perfect setting for al fresco dining, entertaining guests, or simply basking in the warm glow of the sun as it sets over the horizon. Whether you're seeking a serene escape or an entertainment hub for friends and family, this lot presents endless possibilities. Don't miss the opportunity to make your coastal living dreams a reality. Hercules corner has allowance for Utility. Listing price is for the LOT ONLY w NO House as shown above.
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Our Executive Mortgage Banker:
Our Insurance Division:
$848,000
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 | $678,400 | $678,400 | $678,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,067 | $4,122 | $5,725 |
| Total Monthly Payment | $4,159 | $4,214 | $5,817 |
* 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.