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Magnolia DRIVE, Lake City, FL, 32024 | $65,000
Discover the Beauty of Suwannee County, Florida
Nestled in the heart of Suwannee County, Florida, this region is known for its rich natural beauty, serene rural charm, and strong sense of community. Suwannee County offers a peaceful lifestyle perfect for outdoor enthusiasts, with abundant opportunities for fishing, canoeing, and exploring stunning state parks. The area is characterized by its agricultural activities, making it suitable for various crops and livestock operations.
CALLING ALL INVESTORS, BUILDERS, OR DEVELOPERS IN SUWANNEE COUNTY!
Property Overview
This prime piece of real estate presents a unique opportunity for savvy investors or those looking to build their dream home. Located at 0 Magnolia Dr, Lake City, FL 32024, the property encompasses approximately 5 acres (subject to survey) of gently rolling terrain, featuring a mix of open fields and mature hardwoods. The well-draining sandy loam soil is ideal for various agricultural uses and landscaping. With AG (Agricultural) zoning, this property offers the flexibility to develop your vision while allowing for agricultural activities such as crop cultivation, forestry, and apiculture, subject to specific setbacks for structures housing domestic animals based on their numbers.
Property Features:
Folio Number: 17-05S-15E-01066-020900
Lot Size: 5 Acres
2023 Taxes: $423. 00
Highest and Best Use: Agriculture/Residential Development
Zoning: AG (Agricultural)
No HOA or Deed Restrictions
Flood Zone: X (minimal flood risk)
Allowable Land Uses and Potential Uses
This property offers a variety of allowable land uses, including the processing and sale of on-site agricultural products, single-family dwellings, mobile homes, plant nurseries, community residential homes, and temporary housing for migrant farm workers under specified conditions. Additional permissible uses include churches, cemeteries, and schools.
The property also presents exciting potential for development, allowing you to build your custom dream home in a tranquil country setting, develop a small hobby farm or equestrian property, or create a private retreat with ample space for outdoor recreation.
Nearby Attractions and Activities
Just minutes from the historic Suwannee River, this property offers easy access to local state parks and a variety of recreational opportunities:
Natural Springs and Parks:
Ichetucknee Springs State Park: Crystal-clear waters perfect for tubing, kayaking, and swimming.
Lafayette Blue Springs State Park: Offers lovely cabins and swimming opportunities in a tranquil woodland setting.
Poe Springs Park: Affordable option with a beautiful spring for swimming and a nature walk boardwalk.
Outdoor Activities:
Hiking: Enjoy nature trails in nearby state parks, including Mill Creek Preserve in Alachua.
Camping: Rustic Oaks RV Park in O'Brien offers a relaxing stay under beautiful oak trees.
Boating and Fishing: The Suwannee River provides excellent opportunities for these activities, with a convenient boat ramp available in Branford.
Events and Entertainment:
Suwannee River Jam: A music festival in Live Oak featuring indoor and outdoor stages, camping facilities, and various eateries.
Spirit of the Suwannee Music Park: A venue hosting various events and recreational activities.
Adventure Activities:
Features
- Lot Size: 1
- MLS#: T3536989
- Days on Market: 94 days
- Website: https://www.raveis.com
/prop/T3536989/magnoliadrive_lakecity_fl?source=qrflyer
Listing courtesy of FLORIDA COMMERCIAL GROUP Phone: 813-935-9600
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
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
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Magnolia DRIVE, Lake City, FL, 32024
$65,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $52,000 | $52,000 | $52,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $346 | $346 | $439 |
| Total Monthly Payment | $421 | $421 | $514 |
* 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