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Discover the opportunity to build your dream coastal retreat in this private gated oceanfront community of Cinnamon Beach. From the second and third floors of your future custom home this exceptional homesite will offer breathtaking panoramic views of the 7th hole of the renowned Jack Nicklaus Ocean Course and shimmering ponds beyond. Wake up to refreshing ocean breezes, unwind with spectacular sunsets, and enjoy the beauty of one of Florida’s most sought-after coastal communities. With no time limit to build, this premium lot is flat, cleared and ready to go. It is perfectly positioned to be near but not directly in front of the community crossover walkway. In just a short 5-minute walk, your toes can be in the sand while enjoying private beach access with an amenity rich playground including an ocean front pool, hot tub and bar.
For the kids both big and small, just across the street is a lake front kiddie pool & splash zone, fitness center, game room and bistro grille/bar. Optional membership to the Hammock Beach Club unlocks access to championship golf, the spectacular fantasy pool complex, fitness, pickle ball, tennis and six additional dining venues. Adding even more value, Cinnamon Beach is the only neighborhood in Hammock Beach that allows short term vacation rentals of single-family homes making this homesite an outstanding choice for a luxury primary residence, vacation getaway, or investment property. There are only a few remaining lots before the opportunity to build your dream home and have it pay for itself will be gone. Call today for your personal tour of this beautiful community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$325,000
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 | $260,000 | $260,000 | $260,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,601 | $1,642 | $2,159 |
| Total Monthly Payment | $1,676 | $1,717 | $2,234 |
* 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.