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Waterfront 3 bed / 2 bath home. Nearly new construction. Located on a deep canal with direct, bridgeless access to the Gulf (approx. 5-minute boat ride). Clean, modern open-concept layout with dramatic living room ceiling, shaker cabinets, huge stone countertops with plenty of eat at space, and luxury vinyl plank flooring throughout. Key features. . . Primary floor built above FEMA flood plain. Impact-rated windows and doors. Oversized garage with space for up to 4 vehicles plus room for boat, jet skis, storage and a workshop. Floating boat dock fits up to a 21' boat. No bridges or lifts to Gulf of America. No HOA and no CDD. Built to current wind and flooding building codes. So insurance is cheap. The home experienced minor flooding in the foyer during the 2024 hurricane season and no other damage reported. Investors? Currently tenant-occupied through Feb 2027. Short-term rentals (Airbnb/VRBO) permitted with required licensing. Waterfront land values in the area are rising rapidly and new construction in the market is commanding much higher prices. Contact agent for showings, tenant lease details, and additional disclosures.
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Our Executive Mortgage Banker:
Our Insurance Division:
$595,000
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 |
|
|---|---|---|---|
| Loan Amount | $476,000 | $476,000 | $476,000 |
| 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 | $565 | $565 | $565 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,931 | $3,087 | $3,985 |
| Total Monthly Payment | $3,588 | $3,744 | $4,642 |
* 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.