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WATERFRONT vacant lot located in the desirable 55+ community of Manatee Cove, along Redfish Canal. This . 25-acre parcel offers fee-simple ownership with NO lot rent and NO required maintenance fees—an exceptional value for waterfront living. This property is situated on a freshwater canal and includes an existing wood dock (in need of repair), along with substantial concrete improvements including a driveway, structure pad, and carport pad. Impact fees have already been paid, representing an approximate savings of $18, 700 for the future owner. Seller is currently maintaining active water and sewer service to preserve this benefit. Located on a quiet street, the community is golf cart friendly and allows pets. Roads are owned and maintained by the county. Optional HOA membership is available as well. Ideal for a seasonal retreat or full-time residence, with many new manufactured homes being brought into the community. Conveniently located near shopping, dining, and entertainment, and just a short drive to the Gulf beaches of Englewood, Manasota Key, Lemon Bay, and Boca Grande. Public golf courses, boat ramps, biking, and world-class fishing are all nearby. The historic Dearborn Street district offers monthly events, car shows, restaurants, and boutique shopping.
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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Our Executive Mortgage Banker:
Our Insurance Division:
$58,000
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 | $46,400 | $46,400 | $46,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.524% | 5.846% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $274 | $289 | $382 |
| Total Monthly Payment | $349 | $364 | $457 |
* 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.