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Nestled on the sandy shores of the Wando River, this amazing deep-water parcel offers buyers the opportunity to build the home of their dreams. The property is predominantly rectangular in shape, touts a spacious . 87 acres, and offers future owners expansive views of the Wando River and marshlands. The site also falls under the dock corridor master plan, and owners are therefore permitted to build a private residential dock - inclusive of covered pier-head, floating dock and jet dock - providing access to all of Charleston's amazing waterways and beaches. The site sits directly next to the Paradise Island boat landing, community dock and boat storage facilities - making it one of the most versatile and conveniently placed lots on the island. Paradise Island is an elevated bedroom community located between the towns of Mt Pleasant and Awendaw. Positioned well off HWY 17, the neighborhood boasts an incredibly secluded-Lowcountry setting, serene views and easy access to Charleston's Wando River and beyond. The neighborhood POA allows buyers to purchase without plans to build, and a neighborhood ARB ensures that all homes built in the community are up to aesthetic standards. Don't miss your opportunity to own this amazing piece of Lowcountry living. Reach out for more information today!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $636,000 | $636,000 | $636,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,020 | $4,227 | $5,324 |
Total Monthly Payment | $4,112 | $4,319 | $5,416 |
* 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.