Smith ROAD, Groveland, FL, 34736 | $899,000

Captivating 8. 6-Acre Ranchette with Lucrative Future Development Potential!
Welcome to your dream property in the heart of a dynamic, transitioning area poised for remarkable growth. This 8. 6-acre ranchette offers the perfect blend of current agricultural use and tremendous future development potential.

Key Features:
Prime Location:

Located in a semi-rural area transitioning from agriculture to metro Orlando-style residential development.
Convenient access to County Rd 33 via the soon-to-be widened and paved Smith Rd, ensuring seamless connectivity.
Agricultural Excellence:

Fully fenced property, thoughtfully divided into three sections: a nursery, a large primary pasture, and a dedicated area with a squeeze chute for easy cattle loading.
A custom-built 18 x 36-foot pole barn, ideal for sheltering livestock or storing equipment.
A private well supplying water to four strategically placed watering stations.
Future Development Goldmine:

Future Land Use designation allowing for 8 units per acre, with permissible uses including single and attached residential, civic uses (such as parks and lift stations), and minor commercial to support the forthcoming residential community.
Adjacent to a 250-acre commercial cattle operation with an approved subdivision, ensuring significant development activity in the immediate vicinity.
Investment Opportunity:

Capitalize on the current cattle-raising operations while positioning yourself to reap the rewards of future residential and commercial developments.
A unique chance to secure a substantial tract of land in an area with skyrocketing development potential.
Don’t miss out on this rare opportunity to enjoy the best of both worlds – a thriving agricultural lifestyle now and the promise of lucrative development returns in the near future. Schedule your showing today and explore the limitless possibilities this extraordinary property has to offer!

Feel free to let me know if there are any additional details or adjustments you'd like to include!
One of the co-owners is a Licensed Real Estate Agent in the State of Florida

Features

  • Lot Size: 590 x 660 x 445 x 253 x 452
  • Lot Desc: City Lot, Wetlands, Zoned for Horses
  • View: Park/Greenbelt
  • Pet Policy: Yes
  • MLS#: G5085377
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/G5085377/smithroad_groveland_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/21/2024 2:37:06 PM)
Listing courtesy of COLDWELL BANKER TONY HUBBARD REALTY   Phone: 352-394-4031

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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
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Our Insurance Division:

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Smith ROAD, Groveland, FL, 34736

$899,000

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 $719,200 $719,200 $719,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.864% 6.810%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,605 $4,665 $6,315
Total Monthly Payment $4,697 $4,757 $6,407

* 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.