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Here's your chance to reimagine a prime waterfront property in the highly desirable Venetian Isles neighborhood. Situated on an oversized 10, 041 sq ft lot with an impressive 90 feet of deep sailboat water frontage, 2017 Iowa Avenue NE offers exceptional potential for investors, builders, or those seeking to create a luxury coastal retreat.
Located on one of the most desirable streets in the community and surrounded by multi-million-dollar homes and long-term residents, this property presents a compelling opportunity for both redevelopment and long-term value. Recently affected by Hurricane Helene, the existing structure currently qualifies for city-approved renovations up to $155, 000 based on the FEMA 50% Rule, making it ideal for a custom remodel. Alternatively, a new owner could design and build a new home complete with a legal accessory dwelling unit (ADU) to capture the full potential of the expansive water views.
Boaters will appreciate the deep water access with no fixed bridges, suitable for larger vessels, along with the new 10, 000 lb boat lift and dock. Additional highlights include a new 200-amp electrical panel, a fenced backyard, private pool, hot tub, and paver front courtyard, offering the foundation for a truly remarkable waterfront estate.
Whether you choose to renovate, rebuild, or develop a high-end custom home, this is a smart investment in location, lifestyle, and future value.
Schedule your private tour today! Curious about what the home could look like being renovated as-is? Call or Text one of the Listing Agents for a link to a virtual walk-through video showing the home remodeled.
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
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 | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.739% | 6.686% |
Monthly Tax Payment | $832 | $832 | $832 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,901 | $5,097 | $6,934 |
Total Monthly Payment | $5,825 | $6,021 | $7,858 |
* 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.