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ONE LOT OFF THE GULF! GULF VIEWS INCLUDED! GULF-FRONT PRICING NOT REQUIRED…. . Some properties are valuable because of what is built on them. Others are valuable because of where they sit. This property offers both. Located just one parcel from the Gulf, this unique beachside compound places you close enough to hear the surf, feel the Gulf breeze, enjoy spectacular sunset skies, and experience the unmistakable character of Fort Myers Beach that has attracted visitors, investors, and families for generations. What makes this offering different is not any one feature. It is the combination of features that rarely come together in a single property. Four unique units. Four bedrooms. Four-and-one-half baths. Gulf views. Immediate beach access. Weekly rental flexibility. Walkability to Margaritaville Resort, restaurants, entertainment, and the growing list of attractions is helping shape the future of Fort Myers Beach. Most properties offer some of these attributes. Very few offer all of them. This offering includes both 71 Mango Street and 2401 Cottage Avenue, with the benefits of new construction at 71 Mango Street and a complete remodel at 2401 Cottage Avenue. The properties are legally structured as a condominium association and must be sold together, creating a larger and more versatile ownership opportunity than is typically available in this location. The result is a property that can serve many purposes equally well. A private beach retreat. A multigenerational family compound. An income-producing investment. A long-term hold in one of Southwest Florida's most dynamic coastal markets. Or a combination of all four. Leave the car parked. Walk to the beach. Walk to dinner. Walk to Margaritaville. Spend the afternoon on the water. Watch the sunset paint the Gulf horizon. Repeat as often as you like. That lifestyle has always been the foundation of Fort Myers Beach. What is changing is everything around it. Millions of dollars in public and private investment are reshaping the island. New development, new businesses, improved infrastructure, and renewed confidence continue to accelerate the transformation. Buyers who understand coastal real estate recognize that opportunities are often greatest when a destination is evolving, not after the transformation is complete. Fort Myers Beach has always been special. The difference today is that many believe its best years may still be ahead. Properties this close to the Gulf have always been desirable. Properties this close to the Gulf with four separate units, weekly rental flexibility, new construction, Gulf views, and this level of accessibility are difficult to acquire. As every serious buyer knows, timing matters. The future of Fort Myers Beach is not coming. IT'S ALREADY UNDERWAY!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.218% | 6.133% | 6.183% |
| Monthly Tax Payment | $917 | $917 | $917 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,648 | $10,792 | $15,189 |
| Total Monthly Payment | $11,690 | $11,834 | $16,231 |
* 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.