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4078 County Road 124, Wildwood, FL, 34785 | $950,000
Located DIRECTLY ON A HARD CORNER on US Hwy 301 in The Villages/Wildwood area, this parcel consists of approximately 4 acres of land with 300’+/- linear feet of road frontage on US Hwy 301 and 570’+/- linear feet of road frontage on CR 124. Situated just one-half (1/2) mile North of the intersection of County Road 462E & US Hwy 301, this parcel is prime for development with the newly approved Twisted Oaks development, which has been approved for over 1, 200 homes on 387+/- acres. Twisted Oaks will be the largest single-site development project within the City of Wildwood, second only to The Villages. Recent new builds in the US Hwy 301 corridor include multiple apartment sites and commercial uses, such as: Aldi’s, Wendy’s, WaWa, Dairy Queen, Mr. Clean Carwash, Tire Kingdom, and many more. Additional surrounding uses include Retail, Self-Storage, Outside Storage, Office space, Churches, Assisted Living, and Independent Living. With a median cut for South-bound traffic, ingress and egress are perfect! Water and sewer are available through the City of Wildwood and located near the site, as well. This site is high and dry with no flood zones and consists of two parcels. The current zoning is CN & RR5C (Neighborhood Commercial and Rural Residential - One conventional home per 5 acres) through Sumter County on the front parcel and M-1 (Industrial/Manufacturing) zoning through the City of Wildwood on the rear parcel. Annexation into the City of Wildwood and rezoning for the Buyer’s intended use would more than likely be required for future development on this property. This is common and we would assist the Buyer in the application and approval process. This property also has the possibility of being rezoned for other uses as well, such as multi-family. Currently on the property sits a 3BR/2BA home that consists of 1, 539sqft of living space and a 30x50 butler-style enclosed barn. Both buildings have the potential to be remodeled for commercial use. Inquire today on how this property might be the perfect fit for your next business venture.
Features
- Property Type: Mixed Use
- Construction: Brick
- Utilities: BB/HS Internet Capable, Electrical Nearby, Electricity Available, Sewer Nearby, Water Nearby
- Heating: Central
- Cooling: Central Air
- Year Built: 1974
- Approx Sq. Feet: 1,539
- Acreage: 3.88
- Est. Taxes: $1,651
- Lot Desc: Corner Lot, City Lot, Oversized Lot
- MLS#: G5059701
- Days on Market: 745 days
- Website: https://www.raveis.com
/prop/G5059701/4078countyroad124_wildwood_fl?source=qrflyer
Listing courtesy of FLAMINGO REAL ESTATE & MNGMT Phone: 352-689-1000
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4078 County Road 124, Wildwood, FL, 34785
$950,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $760,000 | $760,000 | $760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
| Monthly Tax Payment | $138 | $138 | $138 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,929 | $4,866 | $6,673 |
| Total Monthly Payment | $5,159 | $5,096 | $6,903 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388