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The Only Opportunity of Its Kind in Lighthouse Point Right Now
This is currently the only property available in Lighthouse Point offering 150 feet of waterfrontage on the North Grand Canal, set on a 12, 985 square foot lot in one of the most desirable boating locations in the city.
Positioned with a southeastern-exposure backyard, just one block west of the Intracoastal and directly across from the Lighthouse Point Yacht Club, this property offers no fixed bridges and approximately an eight-minute boat ride to the open ocean.
Opportunities like this are extremely rare to come to market.
The existing residence can be renovated, or the property can be redeveloped into a custom waterfront estate that fully maximizes the depth of the lot and the expansive canal views. The upper level includes a renovated kitchen within an oversized area of the home that can function as a separate living space ideal for guests, extended family, or comfortable occupancy during a renovation or new construction process.
Properties offering this amount of frontage, this proximity to the Intracoastal, and this level of boating access are rarely available and at this moment, this is the only one.
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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Our Executive Mortgage Banker:
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$5,450,000
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 | $4,360,000 | $4,360,000 | $4,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.259% | 6.223% |
| Monthly Tax Payment | $2,091 | $2,091 | $2,091 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $25,444 | $26,492 | $36,792 |
| Total Monthly Payment | $27,660 | $28,708 | $39,008 |
* 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.