In 1960, legendary investor and timber baron James T Goethe purchased this 478+/- contiguous acres from the Loncala Phosphate Company, where it's stewardship has passed through several generations of heirs since then. The land is available for purchase today for the first time in 63 years and is located in the heart of Ocala's beautiful Horse Country and Farmland Preservation Area. From the property gate, it's a quick eight minute drive (4.7 miles) to the HITS Winter Circuit and a 13 minute drive (11.1 Miles) to the famous World Equestrian Center. Unique to this land are three former phosphate excavations with their own ecosystems of ferns, sweetgum, pine and oak trees. This is the ideal location for an equestrian who values big horizons and privacy or anyone with outdoor ambitions for recreation, wildlife and wide open spaces.
Call agent if you would like a tour of the property.
NW 464b, Morriston, FL, 32668
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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