Under contract-accepting backup offers. THIS MAGNIFICENT ~67 ACRE PARCEL IS A RARE FIND for developers or to build your own dream lake-front home, family farm, retreat, recreation compound, and more! Conveniently located with easy access to the Veteran’s Expressway, major east-west state roads and Citrus Park Mall, this exceptional lakefront property offers an impressive ~500 feet of sweeping, panoramic water frontage on the ~90 acre scenic Lake Mound. Lake Mound features a number of outstanding lakefront estates and enjoys a pristine, tranquil appeal. From recent expert consultation regarding current zoning and future community plans, it is believed that this property could accommodate an allowable 10-12 buildable 1+ acre luxury estate lots under current regulations (buyer to verify). Property has more than 500ft of frontage on Gunn Highway, with large and attractive bamboo hedges providing privacy from the road. This is a prime opportunity for redevelopment or your very own family dream estate compound and retreat; one of the few, undeveloped, large-acreage, lake-front parcels remaining in the region. Within easy driving distance of downtown Tampa and Tampa International Airport from the north, and the beaches and the open Gulf of Mexico from the east. Parcel Dimensions are estimates. Buyer to verify dimensions. Property shown by appointment only.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,995,000
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 | $3,996,000 | $3,996,000 | $3,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.235% | 6.723% | 6.826% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,918 | $25,587 | $35,085 |
Total Monthly Payment | $26,043 | $25,712 | $35,210 |
* 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.