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Under contract-accepting backup offers. *PHENOMENAL OPPORTUNITY TO BUILD YOUR DREAM HOME IN OVERSIZED CORNER LOT in CAPE CORAL SWFL PARADISE!* This 0. 269-acre VACANT RESIDENTIAL LOT in NE CAPE CORAL (NORTH 2) offers an EXCEPTIONAL OPPORTUNITY TO CREATE YOUR IDEAL LIVING SPACE! Perfectly situated for BUILDING A CUSTOM HOME, this SPACIOUS PROPERTY measures 95 feet by 124 feet, providing a generous 11, 718 sq ft OF LAND TO BRING YOUR VISION TO LIFE INCLUDING THAT OVERSIZED CIRCULAR DRIVEWAY! Located in ZONE D - 4th evacuation zone – this property DOES NOT REQUIRE FLOOD INSURANCE! The lot is CLEARED, OVERSIZED, RECTANGULAR and READY FOR CONSTRUCTION with CITY WATER and SEWER: design a home with plenty of room for both INDOOR and OUTDOOR LIVING! City water and sewer are in place and provided by the City of Cape Coral, with electricity available through LCEC. All public roads are paved. The remaining utility assessment balance of $7, 431. 19 (from an original amount exceeding $35, 000) is to be assumed by the buyer. Imagine waking up in your new home and stepping outside to enjoy the Florida sunshine and refreshing breezes. With ample space, you could create an outdoor paradise - whether it's a POOL, a GARDEN, or a BEAUTIFUL PATIO for ENTERTAINING FAMILY and FRIENDS. This exceptional residential vacant lot features a highly desirable EAST REAR EXPOSURE, welcoming beautiful morning sun in your future backyard and outdoor living areas while providing natural afternoon shade for cooler, more comfortable enjoyment of your lanai and pool. This orientation helps reduce late-day heat load on the rear of the home, supporting IMPROVED ENERGY EFFICIENCY, and allows for bright, balanced natural light throughout the interior living spaces. Whether you're looking to BUILD A CONTEMPORARY DESIGN with EXPANSIVE WINDOWS or create a LUSH GARDEN OASIS, this LOT'S ORIENTATION offers both PRACTICAL and AESTHETIC ADVANTAGES, making it the IDEAL CANVAS for your DREAM PROPERTY! Located close to NE Pine Island Road, this lot provides EASY ACCESS to nearby amenities, schools, and recreational areas! It’s also in an ideal position for exploring Florida’s natural beauty and outdoor activities! This lot is situated in ZONE D, meaning NO FLOOD INSURANCE is required upon construction. The location is also HIGHLY ACCESSIBLE, with connections to the E-W CORRIDOR NE Pine Island Rd. taking you to Fort Myers and North Fort Myers also making travel easy whether you're heading NORTH through I-41 or I-74 towards Punta Gorda, Venice, and Sarasota, or SOUTH to Bonita Springs, Naples, and Marco Island. SWFL INTERNATIONAL AIRPORT is just 21. 3 miles away, adding to the CONVENIENCE. DON'T MISS THIS CHANCE TO SECURE A VALUABLE PIECE OF LAND IN A PRIME LOCATION! WHETHER YOU ARE LOOKING TO BUILD A FOREVER HOME OR MAKE AN INVESTMENT FOR THE FUTURE, this lot offers THE PERFECT OPPORTUNITY FOR YOUR NEXT PROJECT! ACT NOW AND TURN YOUR DREAM INTO REALITY!!
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Our Executive Mortgage Banker:
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$80,000
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 |
|
|---|---|---|---|
| Loan Amount | $64,000 | $64,000 | $64,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $368 | $410 | $531 |
| Total Monthly Payment | $443 | $485 | $606 |
* 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.