Under Construction. Located in the serene and peaceful North East region of Florida, this 5-acre property is situated between St. Augustine and Daytona Beach, just a few miles west of Bunnell. This is a unique and rare offering, as a 5-acre parcel this close to both Bunnell and Palm Coast is virtually unheard of. Enjoy the convenience of being only 25 minutes from Flagler Beach, 10 minutes from Flagler Airport, and 10 minutes from the hospital, with easy access to I-95 and US-1.
This property offers exceptional privacy and tranquility. The land itself spans 217, 000 square feet and is adorned with mature trees including pines, cypress, sweet gum, large oaks, and palm trees. You’ll also find beautiful banana trees and much more, making it a truly picturesque setting.
The property features two horse paddocks, a large tool shed, and a sizeable pump house that also serves as additional storage space. A large house is currently under construction, but due to the owner's relocation, the project remains unfinished. The new owner will have the opportunity to complete the build, with all plans, permits, engineering reports, and surveys fully transferable. The property is sold as-is.
The stem foundation and block first floor have already been completed, and the 400-foot underground power line has been brought to the house.
This is a rare opportunity to finish building your dream home on a beautiful, private property in a prime location!
Great Owner Financing Terms:
4. 5% interest-only loan
$200, 000 down
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.110% | 6.735% | 6.680% |
Monthly Tax Payment | $92 | $92 | $92 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,540 | $4,482 | $6,098 |
Total Monthly Payment | $4,724 | $4,666 | $6,282 |
* 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.