Prime 3+ Acre Parcel in Englewood – Development Opportunity
Discover an exceptional investment opportunity with this rare 3+ acre parcel in the rapidly growing area of Englewood. Zoned for single-family residential use, this expansive land is the equivalent of approximately 14 individual lots (80x125), offering endless possibilities for developers or investors. Create a subdivision, build custom or spec homes, or hold the property as a smart long-term investment as this area continues to expand.
Located just minutes from McCall Rd, this property provides easy access to pristine Gulf Coast beaches, premier golf courses, shopping, dining, and recreational amenities. With its central location and ample development potential, this is the ideal site for those looking to capitalize on the increasing demand for homes in Englewood.
Don’t miss out on this unique opportunity to Develop, Invest, and grow in one of Florida’s most desirable coastal communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$219,900
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 | $175,920 | $175,920 | $175,920 |
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 | $1,185 | $1,169 | $1,484 |
Total Monthly Payment | $1,260 | $1,244 | $1,559 |
* 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.