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Incredible development opportunity in one of South Florida's fastest-growing coastal markets situated less than a mile from some of the most prestigious real estate in the country, including Manalapan, Hypoluxo Island, and not far from Palm Beach Island. This area offers one of the highest potential returns on investment in the region. Surrounded by top-tier attractions like the world-renowned EAU Palm Beach Resort & Spa, Lantana's Bicentennial Park, public boat ramps, and the iconic Old Key Lime House a waterfront dining destination that draws visitors from across the state and beyond this location is truly unmatched. Zoned for Single-Family or Multifamily Development. This cleared lot is ready for permitting with the City, offering a prime opportunity for both investors and end users. Architectural renderings and feasibility studies are available upon request. All drawings and renderings included in this MLS profile are for representational purposes only and are not guaranteed to be accurate. Buyers are advised to independently verify all dimensions, zoning requirements, and consult with a licensed architect regarding any future permitting or development plans. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives, including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos, is deemed reliable but is not guaranteed and is subject to errors, omissions, or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence prior to a sale or listing. The listing company expressly disclaims any warranty or representation regarding such information. Prices published reflect list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX.
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:
Our Insurance Division:
$279,900
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 | $223,920 | $223,920 | $223,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,341 | $1,414 | $1,859 |
| Total Monthly Payment | $1,416 | $1,489 | $1,934 |
* 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.