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Entitled Site with zoning approved - Ready for Townhome or Multi-Unit Development in Westshore Palms!
Rare opportunity to acquire an entitled property in the established Westshore Palms neighborhood. The property conveys with approved RM-18 zoning for up to 4 townhome units, creating strong potential for new residential development.
The oversized 83 x 138 lot provides ample space for a thoughtfully designed townhome project. The surrounding area continues to experience steady growth, with recent new multifamily and single-family development contributing to long-term value. This presents an ideal opportunity for builders and investors looking to capitalize on new construction in one of South Tampa’s most established and high-demand neighborhoods. Located in the A+ school districts of Grady/Coleman Plant.
The property is also located just minutes from Westshore Plaza, which recently received approval for a major redevelopment expected to further enhance the long-term value of the area. Convenient access to Tampa International Airport, Downtown Tampa, major roadways, dining, and retail adds to the location's appeal.
Buyer or Buyer’s Agent to verify all zoning, approvals, and development requirements.
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 |
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|---|---|---|---|
| Loan Amount | $479,200 | $479,200 | $479,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,951 | $3,029 | $3,979 |
| Total Monthly Payment | $3,043 | $3,121 | $4,071 |
* 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.