''0'' PELICAN REEF Drive, Out of Area, FL, 32080 | $425,000

Nestled in the heart of one of Saint Augustine's most prestigious and sought-after neighborhoods, this ready-to-build lot offers the perfect canvas for your dream home. Lot 4 in Yachtman's Point, the final phase of this exclusive gated boating community, boasts a rare combination of privacy, prime location, and picturesque views.

This exceptional lot features stunning tidal creek views and is bordered by a large conservation easement, ensuring an added layer of seclusion from neighboring properties. Enjoy direct access to the creek, perfect for fishing, kayaking, or simply taking in the serene surroundings.

Pelican Reef is renowned for its boating lifestyle, offering residents access to a community marina, complete with boat slips available for purchase. Whether you're a boating enthusiast or a nature lover, this location offers unparalleled tranquility and outdoor living. Key Features: Central Location: Positioned for easy access to the best of St. Augustine's shopping, dining, and beaches, yet offering a peaceful, private setting. Gated Community: Pelican Reef is a prestigious, gated neighborhood ensuring security and exclusivity for its residents. Ready to Build: This lot comes with approved and permitted construction plans for a single-family home, available to the buyer. Site Preparations Complete: The lot has already been cleared, with tree mitigation plans in place and fill dirt compacted to ensure a smooth build. Utility Fees Paid: Utility connection and impact fees associated with the building permit have been paid, streamlining the process for the new owner. Foundation Ready: According to initial boring results by Universal Engineering Sciences, the lot can support conventional shallow foundation systems, pending necessary site prep and earthwork. Whether you're looking to build a custom home or simply seeking a serene retreat in a gated, boating community, this lot offers exceptional potential in one of St. Augustine's most desirable areas. Don't miss out on this unique opportunity to create your ideal waterfront lifestyle in Yachtman's Point.

Features

  • Amenities: Boat Dock, Boat Slip, Clubhouse, Maintenance Grounds, Marina
  • HOA Fee: $480 Quarterly
  • Lot Desc: Irregular Lot
  • View: Intracoastal, River, Water
  • Water Front: Yes
  • MLS#: 2069255
  • Days on Market: 90 days
  • Website: https://www.raveis.com
    /prop/2069255/0pelicanreefdrive_outofarea_fl?source=qrflyer
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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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''0'' PELICAN REEF Drive, Out of Area, FL, 32080

$425,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $340,000 $340,000 $340,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.995% 7.037% 6.046%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,121 $2,234 $2,823
Total Monthly Payment $2,196 $2,309 $2,898

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.