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Waterfront VALUE-ADD, great Investor opportunity- featuring approximately 90 feet of saltwater canal frontage with direct access to the Intracoastal Waterway. Located in a highly desirable Largo boating community where neighboring waterfront properties have commanded substantially higher values, this property presents an exceptional opportunity to renovate, rebuild, or create a custom waterfront residence. Existing improvements include a 3-bedroom, 2-bathroom, 2-car garage home, private composite dock, and boat lift. The residence sustained significant roof damage during Hurricane Helene in 2024 and remains unrepaired. Seller is not aware of flooding; however, water intrusion is probable due to the roof damage and prolonged exposure to the elements. Buyers should anticipate deferred maintenance, potential mold, and other environmental or structural concerns. Property is being sold strictly AS-IS, WHERE-IS, with all faults. This may be an ideal opportunity for a complete renovation or redevelopment, offering the chance to acquire a premier waterfront homesite at land-value pricing. The dock appears to be in good condition and includes an approximate 10, 000-pound boat lift; however, buyers should independently verify all measurements, specifications, permits, and condition. Due to safety and liability concerns, no interior showings will be permitted prior to offer submission. Interior photographs are available and will be provided upon request. Following a minimum seven (7) day market exposure period, a single inspection and due diligence event will be scheduled for all parties who have submitted offers. The property will be opened for interior access on that date only. No utilities are active, and water, power, or other services will not be provided by the seller. Bring your contractor, architect, and vision—opportunities to acquire nearly 90 feet of waterfront frontage with direct boating access to the Intracoastal Waterway are becoming increasingly difficult to find. Aerial Video tour link in MLS
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William Raveis Real Estate
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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 | $440,000 | $440,000 | $440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.603% | 5.952% |
| Monthly Tax Payment | $963 | $963 | $963 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,635 | $2,778 | $3,654 |
| Total Monthly Payment | $3,690 | $3,833 | $4,709 |
* 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.