223 PELICAN REEF Drive, Saint Augustine, FL, 32080 | $479,000

Impressive Marsh front lot in Yachtman's Point in Pelican Reef. This exclusive street is the final phase of Pelican Reef and is comprised of beautiful new multi-million dollar homes on spacious lots, all with conservation views. Lot 4 has an expansive marsh view to the rear and 100' of conservation between you and your neighbor to the west. Spread out with well thought out engineered plans that were custom designed for the extra wide lot and will be provided with the purchase. This is your opportunity to save nearly a year of design, engineering, clearing permits and ARB approval as so much of the pre build process and expense has already been completed. Site prep, tree clearing, fill dirt, paid impact fees and paid utility connection fees and ARB approval are complete. According to initial boring by Universal Engineering, the lot can support conventional foundation systems, with reccomended site prep. The tidal creek to the rear leads to the intracoastal waterway. Bring your kayaks and experience the nature that abounds this special homesite. The developer has plans drawn for small platform docks for the lots abutting the tidal creek. Pelican Reef is a hidden gem on Anastasia Island with gorgeous waterfront homes, a community marina and close proximity to the state park and it's beaches, the ampitheater, historic downtown and the local farmers market. Watch the 4th of July fireworks from the community dock. It is in the coveted RB Hunt School District. This is your opportunity to build new and start right away.

Features

  • HOA Fee: $420 Quarterly
  • Lot Desc: Cleared, Irregular Lot
  • Water Front: Yes
  • Elem. School: R. B. Hunt
  • Middle School: Sebastian
  • High School: St. Augustine
  • MLS#: 2137137
  • Days on Market: 60 days
  • Website: https://www.raveis.com
    /prop/2137137/223pelicanreefdrive_saintaugustine_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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Pedro.Delgadillo@raveis.com

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223 PELICAN REEF Drive, Saint Augustine, FL, 32080

$479,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $383,200 $383,200 $383,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.750% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.634% 6.890% 6.078%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,359 $2,485 $3,208
Total Monthly Payment $2,434 $2,560 $3,283

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.