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INVESTOR & BUILDER ALERT! This oversized 15, 444 sqft (0. 3545-acre) corner lot in Harbour Heights offers an exceptional MULTI-FAMILY development opportunity with 239ft of road frontage, prime exposure, maximum flexibility, and absolutely NO Deed Restrictions to limit your vision. Zoned RMF-10 (Residential Multi-Family, 10 units/acre), the property is perfectly positioned for an income-producing multi-unit investment build or a spacious, custom single-family home with plenty of room to spare. While the underlying high-density zoning designation ensures long-term equity and maximum land value, the physical dimensions of this specific parcel has a legal base density to build a high-demand duplex or triplex. Additionally, a future developer could potentially unlock higher density on the site by utilizing Charlotte County's Transfer of Density Units (TDUs) program. Situated in a highly desirable, high-and-dry location, the parcel sits securely within an "X" Flood Zone, meaning flood insurance is typically not required. Please note that a well and septic system are required to build on this site. Located just minutes from I-75, this location offers incredibly easy travel north and south throughout the state, making it highly convenient for commuters or tenants. For the boating enthusiast, the property sits right down the street from the Harbour Heights boat ramp, offering quick and effortless launching to cruise the scenic Peace River, head out into Charlotte Harbor, or spend the day exploring open Gulf waters. The area is also a paradise for avid golfers, with numerous pristine courses nearby; the highly rated Deep Creek Golf Course is just a few minutes away, and the impeccable Aileron Golf Course is right around the corner, offering an affordable golf membership option for those wanting access to a truly premier, top-tier course layout. This is a rare chance for a builder or savvy investor to secure a versatile piece of Southwest Florida real estate, though the buyer is advised to verify exact building setbacks, total unit capacity, and final footprint configurations directly with Charlotte County zoning.
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Our Executive Mortgage Banker:
Our Insurance Division:
$39,500
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 | $31,600 | $31,600 | $31,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $189 | $197 | $260 |
| Total Monthly Payment | $264 | $272 | $335 |
* 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.