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Presented by
Judith Ré Morgan |
Exceptional opportunity to acquire a canal-front homesite in the highly desirable community of Longboat Key. This property offers 129 feet of canal frontage, deeded beach access to white sand beaches of the Gulf, and a recently issued building permit for a custom single-family residence. Property improvements include an upgraded seawall, boat dock, pool structure, water connection, geotechnical study, and complete land and building surveys. Direct boating access to Sarasota Bay and the Gulf makes this an ideal location for boating
enthusiasts. Permitted architectural and engineering plans are included for a custom-designed residence totaling 3, 132 square feet under air, allowing construction to begin immediately. The design features 4 bedrooms, 4. 5 bathrooms, open floor plan, outdoor lanai, 2 balconies, canal-facing terrace, and a 2-car garage. The balconies are perfectly positioned to capture sunrises over Sarasota Bay and stunning sunsets over the Gulf. Buyers may use the existing permitted plans or design a new residence subject to new permitting process. This listing is for the lot and permitted plans only; construction is not included in the list's price. Building cost estimates for the permitted design are available upon request. Conveniently located near Longboat Key's north-end within walking distance to several favorite restaurants, shops, and within close proximity to luxuries at St. Regis Longboat Key Resort and to golf, tennis, pickleball, boating, fishing, St. Armands Circle, and Anna Maria Island. This property offers a rare opportunity to build a custom waterfront residence in one of Florida's prestigious and premier barrier island.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$1,150,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.545.0610
Jude.Re@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
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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 | $920,000 | $920,000 | $920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,080 | $5,369 | $7,517 |
| Total Monthly Payment | $5,205 | $5,494 | $7,642 |
* 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.