Tomoka Farms ROAD, Port Orange, FL, 32128 | $875,000

This unique 20-acre property located on Tomoka Farms Road in Volusia County, FL, offers a prime opportunity for developers aiming to create a small-scale estate home development or for buyers looking for personal use, such as a ranch or farm. The current MH-3 Rural Mobile Home zoning supports subdividing into four 5-acre estate homesites, making it well-suited for single-family residences, mobile homes, or modular homes with a minimum of 720 square feet of living area per lot. Development can proceed without the need for rezoning, providing an immediate pathway for construction and investment.
In addition to residential development, the property supports rural uses such as farming, ranching, and equestrian activities, making it ideal for those looking to create a luxury rural estate with agricultural or recreational potential.
The Future Land Use (FLU) designation of Rural offers flexibility and compatibility with a range of zoning types, including A-1, A-2, MH-3, RPUD, and MPUD, giving developers significant versatility for future projects.
With approximately 650 feet of frontage along Tomoka Farms Road, the property offers excellent access and visibility. Its location is another attractive feature, just 10-15 miles from Daytona Beach and within easy reach of New Smyrna Beach and Ponce Inlet, providing residents with easy access to Florida’s renowned beaches. Proximity to the famous Spruce Creek Fly-In community, which caters to aviation enthusiasts, adds further appeal, making this property highly desirable for buyers seeking unique lifestyle amenities.
For developers, the potential market includes buyers looking for privacy, large parcels, and the ability to build custom homes in a peaceful rural setting. The zoning flexibility and large homesites make this property ideal for equestrian properties, luxury rural estates, or family ranches with ample space for horses or cattle. The lot sizes allow for expansive development while maintaining the quiet, open atmosphere sought by high-end buyers.
From a land-use perspective, the property offers favorable development conditions. According to FEMA, the site is not in a flood zone, and while a wetland delineation survey is recommended, the land appears mostly dry, further enhancing its potential for development.
In conclusion, this Tomoka Farms property offers a rare combination of rural charm, strategic location, and flexible zoning, making it an excellent investment for developers and buyers alike. Whether the goal is to create a small development of estate homes or establish a personal ranch or farm, this property offers the perfect blend of luxury, privacy, and accessibility to urban conveniences.

Features

  • Lot Size: 670 x 1300
  • Lot Desc: Buildable, In County, Unincorporated
  • MLS#: O6244710
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/O6244710/tomokafarmsroad_portorange_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 10/2/2024 2:24:34 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 407-352-1040

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

Tomoka Farms ROAD, Port Orange, FL, 32128

$875,000

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 $700,000 $700,000 $700,000
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 7.336% 6.348% 6.201%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,310 $4,310 $5,907
Total Monthly Payment $4,402 $4,402 $5,999

* 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.