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UNLIMITED POTENTIAL ON THE WATER: A PREMIER 0. 72-ACRE ENGLEWOOD ESTATE! Discover the ultimate canvas for innovation in the heart of Englewood. This exceptional waterfront property represents a rare convergence of scale, location, and versatility, offering 0. 72 acres of prime land with an impressive 140 feet of direct water frontage. While the existing structures sustained damage from recent hurricanes, the slate is now cleared for a visionary buyer to create a residential masterpiece or a high-impact multi-use development. The expansive shoreline is already secured by a concrete seawall and wood dock, providing a boater’s paradise with seamless navigation and only one bridge standing between your private dock and the breathtaking Intracoastal Waterway. The property currently houses three structures—two 1, 008-square-foot homes and one 600-square-foot cottage—and features a durable metal roof installed in 2019, providing a tangible starting point for a high-value renovation or a complete rebuild. This site transcends traditional residential limits with its versatile OMI (Office, Medical, Institutional) zoning, offering a unique opportunity for professional suites, a private clinic, or a sophisticated multi-use sanctuary. The lot is intelligently designed with dual accessibility, featuring separate entrances on both Manor Road and Placida Road. This double-entry layout ensures effortless logistics for a sprawling private estate or high-traffic convenience for a commercial venture. Whether you envision a coastal compound, a multi-generational retreat, or a dynamic investment project, this property provides the space and freedom to build beyond boundaries.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
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 | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.533% | 5.794% |
| Monthly Tax Payment | $706 | $706 | $706 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,549 | $3,743 | $4,903 |
| Total Monthly Payment | $4,347 | $4,541 | $5,701 |
* 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.