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Exceptional waterfront development opportunity in Golden Isles. This oversized 12, 949 SF waterfront lot offers 85 FT of prime water frontage, direct ocean access with NO FIXED bridges, and a brand-new code-compliant SEAWALL already completed, representing substantial savings in time and development costs. Significant pre-development work has already been completed, including a full set of plans currently progressing through the municipal review process, allowing the future owner to accelerate the path toward construction of a luxury waterfront residence. Golden Isles is one of South Florida's most established waterfront communities, offering privacy, security, and an exceptional boating lifestyle. Residents enjoy proximity to world-class destinations including Shell Bay Club, featuring a private Greg Norman golf course, yacht club, marina & wellness facilities. The property is also minutes from Gulfstream Park, Aventura Mall, pristine beaches, fine dining, private aviation access, and the luxury lifestyle destinations of Sunny Isles Beach and Bal Harbour. With limited waterfront land remaining in the area, this property represents a rare opportunity to secure a premier development site in one of South Florida's most desirable waterfront enclaves, with park, dog park, multiple tennis courts and more. New owner benefits from substantial pre-development work already completed, reducing design and permitting timelines compared to starting from a raw waterfront lot.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,890,000
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 | $2,312,000 | $2,312,000 | $2,312,000 |
| 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 | $3,929 | $3,929 | $3,929 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,676 | $13,862 | $19,510 |
| Total Monthly Payment | $17,730 | $17,916 | $23,564 |
* 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.