Ready to claim your piece of Central Florida? This 1. 15-acre lot in Davenport, FL, offers a fantastic opportunity to build your dream home or investment property in a prime, up-and-coming location. Nestled along the evolving Osceola Polk Line Rd, this lot boasts a 500ft x 100ft footprint, providing ample space for creativity and future development.
Currently zoned agricultural, the property opens doors for flexible development options. With rezoning to Low-Density Residential, submit a Lot of Record request to build a single-family home with the current acreage (all within 20 business days!).
While the lot is still wooded with pines and oaks, it's a blank canvas for you to clear and customize to your liking. The property is free from HOA or CDD restrictions and is located in a no-flood zone (Zone X), giving you peace of mind. Access is through Osceola Polk Line Rd, and while an unpaved road is available at the back of the property, the main access point ensures convenience.
You’ll be within a short drive to major highways, connecting you to both Orlando and Tampa in about an hour, with future roadway expansions promising even smoother commutes. Plus, the Central Florida Expressway Authority’s plans to expand Osceola Polk Line Rd and Poinciana Parkway nearby add exciting potential for growth and value in the area.
Whether you're dreaming of a private oasis or an investment for the future, this lot is ready for your vision. Let’s make this Florida gem yours today!
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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 | $71,920 | $71,920 | $71,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $485 | $478 | $607 |
Total Monthly Payment | $560 | $553 | $682 |
* 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.