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Rare corner canal lot with exceptional redevelopment potential just steps from downtown Cocoa Beach and the beach. This deep-water property features approximately 230 feet of wide canal frontage — one of the largest and most desirable corner waterfront positions in the area — with direct access to the Banana River. Wide water views, excellent boating access, and premium dockage potential make this lot ideal for a custom waterfront estate.
Located within easy walking distance to downtown shops, dining, and entertainment, this property combines prime location with standout canal frontage — a rare combination in Cocoa Beach.
The existing improvements include a well-maintained fully furnished main home plus an attached studio ADU with kitchen and bath, a heated pool, and a 2023 roof. (Seller will consider including existing furnishings. ) Buyers may choose to use, rent, renovate, or remove the current structures while planning new construction.
Oversized waterfront corner lots with this much frontage and proximity to downtown are seldom available. Outstanding opportunity for builders, investors, or buyers looking to create a signature waterfront home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,145,000
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 | $916,000 | $916,000 | $916,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.214% | 6.145% | 5.846% |
| Monthly Tax Payment | $911 | $911 | $911 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,273 | $5,492 | $7,545 |
| Total Monthly Payment | $6,309 | $6,528 | $8,581 |
* 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.