***Prime Residential Lot for Sale***
Location: U S HWY 17 92 HIGHWAY, Davenport, FL 33837Lot Size: 0. 31 Acres
Don’t miss this incredible opportunity to own a 0. 31-acre residential lot located just steps away from the thriving growth of Davenport, Florida. Situated in Polk County along the rapidly developing U S HWY 17 92 corridor, this parcel offers immense potential for building your dream home or creating a valuable investment property in one of Central Florida’s most sought-after areas.
***Key Features of the Property***
***Ideal Lot Size*** At 0. 31 acres, this lot is perfectly suited for a single-family residence, offering plenty of space for a home, outdoor amenities, and landscaping while remaining manageable and cost-effective to develop.
Strategic Location: Located just two lots away from a major industrial parcel, this residential lot benefits from proximity to both residential and commercial growth. Its prime location on U S HWY 17 92 ensures easy access to everyday conveniences, shopping, dining, and transportation.
Zoning and Buildability: The property is zoned for residential use, with nearby utilities available to simplify the construction process. Its flat, buildable topography reduces site preparation costs, making it ideal for immediate development.
Growth Potential: Davenport and the surrounding Polk County area are experiencing rapid expansion, driven by new housing developments, retail projects, and infrastructure upgrades. The property’s location places it at the center of this dynamic growth, offering long-term value appreciation.
***Highlights of the Location***
Close to Major Attractions: Davenport is centrally located within a short drive of world-class attractions, including Walt Disney World, LEGOLAND Florida Resort, and Universal Studios. The area’s tourism-driven economy enhances demand for housing and supports a strong rental market.
Thriving Community: With new residential developments and neighborhood amenities sprouting throughout Davenport, this area is quickly becoming one of Central Florida’s most desirable places to live.
Power Line Road Expansion: The upcoming expansion of Power Line Road is set to transform the region, providing enhanced connectivity and ease of travel. This infrastructure improvement will make commuting faster and more efficient, further boosting property values and accessibility. For homeowners, this means a significant increase in convenience and long-term investment potential.
Accessibility: The property offers easy access to I-4 and other major highways, making commutes to Orlando, Tampa, and other regional hubs effortless.
***Why This Lot Stands Out***
This 0. 31-acre lot offers a rare combination of affordability, location, and potential. Whether you’re looking to build a family home or invest in Davenport’s growing housing market, this property provides the ideal canvas for your vision. Its proximity to major growth corridors and urban amenities ensures convenience, while its residential zoning allows for a private, tranquil retreat.
***A Bright Future Awaits***
As Davenport continues to grow, this property stands out as an exceptional opportunity to join a flourishing community. Whether for personal use or investment purposes, the potential for this lot is immense.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $80,000 | $80,000 | $80,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $539 | $532 | $675 |
Total Monthly Payment | $614 | $607 | $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.