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547 Suwanee Circle – Waterfront Opportunity on Davis Islands Prime waterfront location on Davis Islands—a rare opportunity for luxury home builders or those looking to restore a mid-century gem. Situated on . 23 acres with 78 feet of water frontage along the Suwanee Canal, this property offers direct access to the Bay with a fishing dock and old-school boat lift. This 3-bedroom, 3-bathroom, 2, 368 sq ft home, built in 1960, is surrounded by multi-million-dollar estates. This property is being sold AS IS, presenting an excellent opportunity to either restore the existing home or tear down and build new. NO HOA and NO CDD community. Davis Islands is a golf cart-friendly community with a vibrant village featuring restaurants, cafes, shopping, a post office, and essential services like a bank, fire department, and Tampa General Hospital. Residents enjoy access to a private airport, marina, public boat ramp, clay tennis courts, dog parks, playgrounds, a community pool, and various recreational facilities. The home lies within the highly desirable Gorrie, Wilson, and Plant school district (all A-rated schools) and is just minutes from Downtown Tampa, Tampa International Airport, MacDill Air Force Base, Bayshore Boulevard, Hyde Park Village, Riverwalk, Sparkman Wharf, and Water Street. Whether you’re looking to renovate or build your dream waterfront estate, this prime Davis Islands property offers endless potential. Room sizes are approximate; all information is deemed accurate but should be verified. Don’t miss out on this exceptional investment opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.739% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,264 | $8,708 | $11,754 |
Total Monthly Payment | $8,389 | $8,833 | $11,879 |
* 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.