A DIAMOND IN THE ROUGH! 109. 6 acres (mol) of scenic land in eastern Hernando County, just minutes from I-75, yet away from it all. This property is the former 18 hole championship golf course named Whispering Oaks Golf & Country Club. The sprawling clubhouse has 7, 665 SF of space ("living area") and includes a large banquet room, commercial-sized kitchen, grill room with bar, a pro-shop, private offices, and 3 bathrooms. The building, constructed in 1958, is in need of major renovations, and the seller has taken that into account in the pricing of the property. There is a large outbuilding, open air with covered storage ideal for golf carts plus a workshop (this room may have potential to serve as a future pro shop). There are possibilities for development within the parcel while still using it as a golf course, subject to required approvals. In addition, adjoining properties are available which already have County approvals for a future RV park or possibly other development such as townhomes, condos or villas. The property contains two 10" wells for irrigation of the property, and central water and sewer are available for the clubhouse. There are 2 distinct 9s - the front 9 is "The Oaks" with narrow fairways hugged by many hundred year old oaks, and the back 9 s"The Dunes" which is more open with waste bunkers and links-style grasses bordering the fairways. This wonderful property in the quiet community of Ridge Manor, just north of Dade City and east of Brooksville, can be yours for the GREAT NEW PRICE of $995, 000!!!
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William Raveis Real Estate
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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** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $891 | $891 | $891 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,097 | $5,097 | $6,989 |
Total Monthly Payment | $6,079 | $6,079 | $7,971 |
* 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.