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Charlotte Harbor Gateway off Bayshore road presents a rare opportunity to own 8. 3 ± acres along the highly desirable Charlotte Harbor corridor. This property features extensive frontage on Bayshore with utilities at the road and offers flexible zoning suitable for a variety of residential and investment uses. The north 5. 95 ± acres is zoned Charlotte Harbor Mixed Use (CHMU), allowing up to 15 units per acre, while the southwest 2. 35 ± acres is zoned Charlotte Harbor Neighborhood Business Residential (CHNBR), permitting up to 10 units per acre with limited neighborhood scale commercial uses. The property currently allows an estimated 114 units, with potential for increased density under the Live Local Act, including building heights up to 90 feet. Ideally located just ½ mile from Sunseeker Resort Charlotte Harbor and US 41, the property may offer potential views of Charlotte Harbor and is positioned in a rapidly growing area of Port Charlotte. The proximity to the harbor provides both scenic value and long-term desirability. This tract is well suited for a private estate, long term land hold, or future residential development, with flexibility to accommodate a range of uses including multi-family, townhomes, or a thoughtfully designed mixed-use concept. This property is vacant land to be subdivided from a larger parent parcel, with the subject property located entirely on the north side of Bayshore Road. Acreage is approximate and subject to final survey. A new parcel ID will be assigned prior to or at closing, and the final legal description will be determined upon completion of the subdivision. Taxes are estimated based on a pro-rata share of the parent parcel and will be finalized after subdivision. Buyer to verify all information, including acreage, zoning, and tax allocation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,200,000
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 | $3,360,000 | $3,360,000 | $3,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.218% | 6.133% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $19,876 | $20,145 | $28,354 |
| Total Monthly Payment | $20,001 | $20,270 | $28,479 |
* 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.