Secluded at the end of a peaceful road, this exceptional 1. 16-acre property offers both privacy and potential, making it an ideal opportunity for investors and developers. Located in its own exclusive subdivision, the home sits on Allen’s Creek, providing serene water access and a tranquil backdrop. The current residence, offering approximately 4, 400 square feet of living space, features 5 bedrooms, 3 baths, and ample room to create your dream waterfront estate.
Recent Upgrades & Features:
2022 Whole House Remodel including new impact windows, complete electrical rewiring, updated plumbing, and new flooring throughout.
Brand new whole-house water filtration system for pure, clean water.
Two gas tankless water heaters for efficient, endless hot water.
All bathrooms have been fully updated, offering a modern, fresh aesthetic.
Underground utilities to preserve the natural beauty and skyline of the property.
Although the home sustained damage from Hurricane Helene, it presents a rare opportunity to either rebuild to its original design or expand and elevate the structure to FEMA-compliant standards.
The expansive property also features a huge, deep pool with a protective cage, perfect for outdoor relaxation and entertaining. With only one neighboring property, you’ll enjoy an unmatched level of privacy and tranquility.
Development Potential: This property offers a massive development opportunity, with not only this lot but the potential to purchase two additional lots, making it perfect for builders looking to capitalize on its prime location. Whether you wish to restore this home, expand it into multiple units, or explore other future growth possibilities, the potential here is limitless.
Don’t miss your chance to invest in a waterfront property that combines privacy, luxury, and significant redevelopment potential. Act quickly—properties like this don’t come around often!
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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 | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.510% | 6.599% |
Monthly Tax Payment | $982 | $982 | $982 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,403 | $6,239 | $8,643 |
Total Monthly Payment | $7,510 | $7,346 | $9,750 |
* 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.