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Discover an exceptional opportunity to build your dream home on this pristine vacant lot at 27421 Mandalay Drive in Punta Gorda. This buildable residential parcel comes with significant advantages: it is free of scrub jays, hydric soils, and wetlands, ensuring a smooth and hassle-free permitting process without the typical environmental hurdles or costly mitigations. Located in Flood Zone D, where flood hazards are undetermined but generally not subject to the stringent requirements of high-risk zones, this lot offers peace of mind and flexibility for construction.
Conveniently situated with easy access to US-41 and I-75, this property provides quick connections to Downtown Punta Gorda’s charming waterfront, shops, and dining, as well as the vibrant city of Fort Myers. Enjoy proximity to beautiful Gulf beaches, major shopping centers, and everyday conveniences, all while residing in a peaceful neighborhood poised for growth. Whether you're looking to create a custom residence or make a smart investment in Southwest Florida's desirable real estate market, this lot is ready for your vision.
For the forward-thinking investor seeking a buy-and-hold opportunity, this lot stands out as a low-risk entry point into one of Southwest Florida’s fastest-growing areas. With new homes and businesses already under construction throughout Punta Gorda and Charlotte County, property values are positioned for continued appreciation over time. Its environmentally cleared status, favorable flood zone designation, and strategic location near major highways and amenities further enhance its long-term potential—delivering strong upside with minimal carrying costs while you hold for future growth or development.
Disclaimer for Buyers and Buyer’s Agents: All information provided, including details on environmental conditions, flood zone designation, and other property attributes, is believed to be accurate but is not guaranteed. Prospective buyers and their agents are strongly advised to independently verify all information and confirm that the lot is suitable for their specific intended use, including any zoning, permitting, environmental, or building requirements with the appropriate authorities.
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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 | $10,392 | $10,392 | $10,392 |
| 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% | 6.615% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $62 | $66 | $86 |
| Total Monthly Payment | $137 | $141 | $161 |
* 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.