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RARE FIND IN AN "X" FLOOD ZONE! BUILD YOUR SOUTHWEST FLORIDA DREAM HOME
Discover the perfect canvas for your Florida lifestyle at 951 Riviera Dr, Punta Gorda. This generous 10, 024-square-foot (0. 23-acre) homesite offers a substantial 93 feet of road frontage, providing plenty of design flexibility for a custom home and outdoor living space. One of the most valuable aspects of this property is its designation in a coveted "X" Flood Zone. For a buyer, this means the property sits at a higher elevation outside the Special Flood Hazard Area, meaning lenders do not require mandatory flood insurance, saving you thousands of dollars annually. Furthermore, a check of the CCGIS website confirms the lot is not in a Scrub Jay zone, and according to the National Wetland Inventory Mapper, there are no wetlands showing on the property, insuring an easier, faster, and more cost-effective permitting process when you are ready to build.
Tucked just off Golf Course Blvd, the property is situated on an unimproved road and is just barely inaccessible, located a mere three properties in from the paved main road. Electricity is nearby because of the homes built around this property however future development will require a well and septic system, putting you in total control of your utilities. Whether you are building a permanent home or a seasonal retreat, the logistics here are unmatched. You are located just minutes from I-75 for effortless North and South travel throughout the state. Even better, Punta Gorda Airport (PGD) is just down the street, making travel completely hassle-free when you are ready to get away, or providing ultimate convenience for any seasonal resident.
The lifestyle opportunities surrounding this location are spectacular for outdoor enthusiasts. For the boater, you are just a short drive to the water, located approximately 5 minutes from the boat ramps at Darst Park and just under 10 minutes from the world-class Laishley Marina on the Peace River, giving you quick access to Charlotte Harbor and the Gulf. The avid golfer will be in paradise, surrounded by an abundance of premier golf courses right in the immediate area. When you are ready for sun and sand, the pristine, world-famous beaches of Boca Grande and Englewood are both an easy, scenic drive of roughly 30 to 35 miles away. Don't let this affordable, high-and-dry piece of Punta Gorda slip by. Invest in your future today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,500
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 | $6,800 | $6,800 | $6,800 |
| 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 | $42 | $43 | $56 |
| Total Monthly Payment | $117 | $118 | $131 |
* 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.