Under contract-accepting backup offers. Current Zoning density allows 12 Residential units*** - contact for more details. Located in a highly sought-after area, this development opportunity stands out as a truly remarkable investment. Situated in a prime location with direct access to the pristine waters of Johns Lake, this expansive parcel of land offers over 600 feet of captivating lake frontage. Additionally, the property boasts an impressive 450 feet of frontage along Highway 50 only a mile from the Florida's turnpike, ensuring exceptional visibility and accessibility. This unique combination of features presents an unparalleled canvas for a wide range of ventures, making it an enticing prospect for developers and entrepreneurs alike.
The expansive size of this parcel provides ample space to bring your vision to life. Envision designing an exclusive enclave of waterfront homes, each offering breathtaking lake views and private access to the shimmering waters. For those with a commercial vision, the highway frontage guarantees exceptional visibility, ensuring that your project will attract a high volume of potential customers and clients. This prime location serves as an advantageous gateway to the surrounding areas, providing a convenient stopover for travelers and a vibrant commercial center for the local community.
In summary, this exceptional development opportunity combines a prime location, direct access to Johns Lake, and significant frontage on a major highway. With the potential to accommodate a variety of ventures, from residential to commercial, this expansive parcel of land offers an unparalleled canvas for your vision. Don't miss out on the chance to transform this remarkable property into a destination that will captivate and inspire.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,620 | $8,620 | $11,814 |
Total Monthly Payment | $8,745 | $8,745 | $11,939 |
* 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.