Under contract-accepting backup offers. LOCATION ~ LOCATION! Less 5 miles from I-75 ~ This Potential Horse Lover's Paradise Awaits! Option #1 ~ Spanning over 36 acres, this exceptional property offers an unparalleled opportunity for equestrian enthusiasts! With a prime location that combines the tranquility of rural living and the convenience of modern amenities, this is a dream property for anyone seeking a harmonious blend of nature and convenience of location. Enveloped by the natural beauty of Florida, this property is truly a serene oasis. Imagine waking up to the gentle sounds of horses and birds, surrounded by the tranquility that only wide-open spaces can provide. In addition to its potential of an equestrian facility, the property is also conveniently located near Lakewood Ranch and all its amenities, UTC Shopping Center, Costco, Lakewood Ranch High School, LECOM, TerraNova Equestrian Center, Rye Preserve Park is conveniently located a few miles down the road and the park includes 143 acres of horse riding and hiking, and only 2+ hours to Ocala. Option #2 ~ Purchase the property, keep the existing 16. 5 acre parcel to the east to build your dream home and sell the three (3) five-acre parcels that are already subdivided. Option #3 ~ Developers bring your creative side and build an exclusive development! Access to Bradenton, Sarasota, Lakewood Ranch, Tampa, Shopping, Beaches, Airports, etc. Current zoning is Agricultural with future use of Urban Fringe 3 (3 units per acre). Majestic oaks already in place, beautiful pastures and a lake. Preliminary studies have been done and will be available to the buyer! Location is less than 5 miles from the interstate, north of State Road 64 and Rye Road Roundabout. Total acreage is 36 acres which includes a 4 acre privately owned access road, 16th Drive. The property is a total of 5 parcels.
All 3 options provide tranquil surroundings that allow for a deep connection with nature ~ proximity to essential amenities while offering the privacy of rural living and/or potential for creating your dream lifestyle, whether for personal enjoyment or as an investment opportunity.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,200,000 | $4,200,000 | $4,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,893 | $26,893 | $36,876 |
Total Monthly Payment | $27,018 | $27,018 | $37,001 |
* 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.