Great opportunity in the heart of St. Augustine, FL! Situated in a high-growth area, this expansive 2. 29-acre lot presents an opportunity for your real estate dreams. With a current zoning designation of OR (Open Rural) and future land use of Residential -C (RES-C), this property offers a versatile framework for various potential uses. Currently with two mobile homes, it presents an excellent opportunity while you explore the multitude of possibilities this parcel holds. Convenience meets functionality with existing septic and County water connections in place, potentially streamlining any development plans you may have. The high visibility of this parcel ensures that your endeavors won't go unnoticed, whether you're envisioning a commercial enterprise or a residential oasis. Moreover, the potential for rezoning to other classifications opens the door to even more lucrative ventures, allowing you to tailor this property to suit your specific vision. Located in Flood Zone X, which is considered to be an area of minimal flood hazard. Based on the 2025 St Johns County Comprehensive Plan, the RES-C land use designation permits the following classifications of uses: ? Residential up to six (6) units/net acre with connection to central water and wastewater; ? Cultural/Institutional; ? Outdoor/Passive; ? Neighborhood Public Service; ? Public or private elementary, middle, and high schools; ? Neighborhood Commercial, approved as a Planned Unit Development (PUD); ? Community Commercial, approved as a Planned Unit Development (PUD); ? Agriculture uses, and agricultural support services and facilities. Consistent with the RES-C land use designation, the existing Open Rural (OR) zoning permits the following classifications of uses: ? Residential up to 1 unit/net acre (single-family, manufactured, mobile and modular homes); ? Cultural/Institutional; ? Outdoor/Passive; ? Neighborhood Public Service; ? Private elementary, middle, and high schools; ? Agriculture uses and agricultural support services and facilities.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $598,400 | $598,400 | $598,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $270 | $270 | $270 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,981 | $3,977 | $5,046 |
Total Monthly Payment | $4,343 | $4,339 | $5,408 |
* 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.