33255 State Road 70 E, Myakka City, FL, 34251 | $2,250,000

Discover the perfect investment opportunity nestled on a sprawling 40-acre lot in Myakka, Florida. This charming farm home boasts two picturesque lakes, a screened-in pool, and the freedom of no deed restrictions. Live stock is allowed, making it an ideal choice for those seeking a self-sustaining lifestyle. Benefit from the tax break offered by the green belt designation, which not only adds to the property's allure but also provides financial advantages. The home features two AC units, an indoor jacuzzi, screened in pool and a 30x30 work shed, perfectly suited for commercial vehicles. Long Paved driveway to home with circular driveway, large duck coop, and a few fruit trees and vegetable gardens, this property offers the epitome of farm living. This property presents an incredible investment opportunity, with its potential for future neighborhoods, home building, apartment complexes, or commercial ventures. The expansive land easily accommodates multiple homes, making it an enticing prospect for future investors. Property is wide and open ready for your plan to build or use for farming or construction. Don't miss out on this exceptional property that combines the charm of a farm home with the possibilities of future development. Explore the limitless potential of Myakka, Florida, and seize this remarkable investment opportunity. Positioned just 18 minutes/9 miles from Interstate 75, it's an enticing investment opportunity for future development. NEW SHELL CIRCULAR DRIVEWAY. POOL PAVERS UPDATED 2022. ALSO LISTED IN VACANT LAND MLS T3460365

Features

  • Rooms: 6
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Inside
  • Year Built: 1991
  • Garage: 2-car Circular Driveway, Covered, Driveway, Garage Door Opener, Oversized
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 3,064
  • Acreage: 39.86
  • Est. Taxes: $2,898
  • Elem. School: Myakka City Elementary
  • Middle School: Nolan Middle
  • High School: Lakewood Ranch High
  • Pool: In Ground, Lighting, Screen Enclosure
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: T3544969
  • Days on Market: 56 days
  • Website: https://www.raveis.com
    /eprop/T3544969/33255stateroad70e_myakkacity_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 11/9/2024 6:32:07 PM)
Listing courtesy of ACE REALTY & AUCTION LLC   Phone: 813-567-7198

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NMLS Mortgage Loan Originator ID 16953

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33255 State Road 70 E, Myakka City, FL, 34251

$2,250,000

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 $1,800,000 $1,800,000 $1,800,000
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 7.406% 6.762% 6.830%
Monthly Tax Payment $242 $242 $242
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,675 $11,526 $15,804
Total Monthly Payment $12,042 $11,893 $16,171

* 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.