Exclusive Investment Opportunity: Developer Land Package in Heritage Wood N Lake Estates
Unlock a Unique Investment in Wildwood, Florida
Welcome to a rare and lucrative opportunity in the heart of Wildwood (Near The Villages), Florida! We are thrilled to present a developer's dream: a comprehensive land package consisting of 34 ready-to-sell manufactured home lots within the esteemed Heritage Wood N Lake Estates Manufactured Home Park. This package not only offers prime lots in an established community but also opens the door to significant investment potential in a region known for its vibrant 55+ population.
Prime Location: Nestled adjacent to the acclaimed 55+ city of The Villages, Florida, these lots are in a community that's both serene and conveniently located. The proximity to Brownwood Paddock Square means shopping, dining, and entertainment are just a stone's throw away, offering a lifestyle that's both relaxed and rich with amenities.
Ready for Development: Each lot comes prepared with water, sewer and electricity, simplifying the development process. Whether you're looking to resell the individual lots or develop and then sell, these lots are primed and ready for your vision.
Developer Rights: As the owner of this package, you'll gain developer rights, including the ability to assess and collect HOA fees currently set at $130 each month. This unique aspect of the deal adds a continuous revenue stream to your investment.
Flexible Zoning: With most lots zoned for manufactured homes and a few for residential use, there's potential for zoning updates that could allow for the development of small houses, further expanding your investment opportunities.
No Short-Term Rental Restrictions: The absence of short-term or seasonal owner restrictions enhances the appeal for investors looking to tap into the lucrative short-term rental market.
Cost-Efficient Management: The close proximity of the lots allows for efficient portfolio management, reducing costs associated with cleaning, management, and upkeep.
Vibrant Local Community: Just across the highway, Brownwood Paddock Square offers an array of shopping, dining, and entertainment options. With free nightly entertainment 365 nights a year, it's a hub of activity that residents and visitors love.
A Note on RV Homes: Please be aware that RV homes are not permitted within this community, ensuring a consistent and appealing aesthetic for all residents.
Flexible Selling Options: While the preference is to sell this package as a whole, individual lot sales will be considered, offering flexibility to interested parties.
Infinite Potential: With developer rights that have unlimited monetary value, this land package represents not just an investment in real estate but an investment in a thriving community and a lifestyle desired by many.
Don't miss out on this unparalleled opportunity to shape the future of Heritage Wood N Lake Estates and leave a lasting impact on the Wildwood community. Contact us today to explore the potential of this exceptional investment opportunity. Individual Lots G16ED002, G16ED003, G16ED006, G16ED007, G16ED008, G16ED009, G16ED010, G16ED011, G16ED012, G16ED013, G16ED014, G16ED020, G16ED022, G16ED023, G16ED025, G16ED026, G16ED028, G16EC008, G16EC011, G16EC018, G16EC021, G16EC030, G16EC045, G16EC052, G16EC053, G16EC054, G16EC056, G16EC057, G16EC058, G16EC059, G16EC060, G16EC061, G16EC062 and G16E100
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
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 | $960,000 | $960,000 | $960,000 |
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 | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,227 | $6,147 | $8,429 |
Total Monthly Payment | $6,352 | $6,272 | $8,554 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.