Exceptional Development Opportunity on 19 Acres, Discover the perfect canvas for your next real estate project with this impressive 19-acre property, consisting of two combined parcels. This prime land offers a unique opportunity to develop up to 17 single-family homes or 29 townhomes, providing flexibility to cater to market demands.
The groundwork for development is well-established with essential infrastructure already in place, including completed roads, electrical connections, sewer lines, water supply, and storm drainage systems. This ensures a seamless start to building operations, saving time and reducing initial project costs.
Included with the purchase are pre-application meeting notes, an older survey, and documents from a previously designed multi-family townhouse project. This valuable information will expedite the planning and approval process, making it an ideal choice for developers aiming for efficiency.
Strategically located just minutes from local businesses and prime fishing spots, the property sits in an area with robust demand for seasonal and long-term rentals as well as single-family residences. The surrounding community's strong market dynamics underscore the potential for substantial return on investment.
Current plans are available but need to be resubmitted to Pasco County for approval.
Seize this rare opportunity to shape a thriving community in a sought-after location where development readiness and market potential converge. Let's make a deal and start turning your vision into reality!
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,990
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 | $799,992 | $799,992 | $799,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,056 | $5,122 | $6,969 |
Total Monthly Payment | $5,148 | $5,214 | $7,061 |
* 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.