Prime CORNER LOT located on a hill at the northwest corner of Alderman Road and North Belcher Road in Palm Harbor, FL. Offering a rare opportunity for community-oriented development on 4. 67 ACRES of RURAL RESIDENTIAL (RR) LAND nestled in Palm Harbor, a vibrant area known for its robust social and economic activities. Positioned at a key intersection, this location ensures high visibility, with estimated traffic growth from 2022 counts of 35, 000 cars daily, enhancing its potential for high exposure. ELEVATED AND PROMINENT, the property boasts an elevation 20 feet above the surrounding intersection, offering a strategic advantage that is hard to find and enhancing its appeal for a development that seeks prominent visibility. COMMUNITY-FOCUSED DEVELOPMENT: Ideally suited for developments that enhance the local community, the serene and spacious setting is perfect for a variety of non-commercial uses that contribute positively to the community’s fabric. ZONING SPECIFICATIONS: The entire parcel is zoned Residential Agriculture (R-A), primarily supporting agricultural and limited residential development. Notably, residential development is restricted to (2) lots under normal conditions, potentially extending to (3) lots with a county-approved subdivision plan. OPPORTUNITIES FOR DEVELOPMENT: This plot is a superb location for establishing facilities that cater to community needs, such as meeting halls, community assembly facilities, educational institutions, or recreational facilities. Its ample space and strategic location make it ideal for a development that prioritizes accessibility and community enrichment. This property offers both the space and the potential to create a landmark development that could serve as a central hub for community engagement and personal growth. With its exceptional characteristics and versatile zoning, it stands as an outstanding choice for those seeking to develop a project that will benefit from both its prominence and potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,995,000
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 | $2,396,000 | $2,396,000 | $2,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,540 | $14,753 | $21,202 |
Total Monthly Payment | $15,665 | $14,878 | $21,327 |
* 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.