600-612 Marine Drive photo 11 / 14

MLS #1295189

600-612 Marine Drive

Outer Cove

$650,000

Vacant Land
Source Listing

Property Details

Rare luxury home development opportunity in prestigious Outer Cove. This exceptional offering comprises 10.534 acres across three contiguous parcels, featuring approximately 310 feet of direct frontage along Marine Drive. The property boasts solid, elevated terrain ideally suited for residential construction, offering natural protection from Atlantic exposure. Its size and topography present an outstanding opportunity for the development of one or two executive-style residences, or as a strategic land-hold investment within an established and highly desirable coastal community. Heavily treed and exceptionally private, the land delivers a true estate-style setting, providing rare seclusion and tranquility with no overlooking properties. From this elevated vantage point, enjoy sweeping views over the beautiful landscape of Outer Cove and the Atlantic Ocean, enhancing both lifestyle appeal and long-term value in one of the most sought-after neighbourhoods. Imagine sipping your morning beverage while listening to the rhythmic sound of beach rocks rolling with the waves—Outer Cove Beach is just a few minutes’ walk from your future estate. This pristine, undisturbed land awaits your vision to bring your dream home to life. Zoned RR (Rural Residential) Permits are the responsibility of the Purchaser. Updated survey to be provided by the Vendor. HST if applicable, to be paid by the Purchaser. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$650,000
Down Payment - 7%$45,500
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$4,582

Mortgage Payment
$3,622
Property Tax
$460
Insurance
$150
Utilities
$350
Down Payment
$45,500
Loan Amount
$604,500
Total Interest
$482,236

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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