This 30-acre land investment is a fantastic opportunity for anyone interested in growing palms or starting a nursery business. Here's a breakdown of the key selling points:
Size and Location: 30 acres located on Pine Island, an area known for its favorable growing conditions.
Established Royal Palms: The property already includes over 1, 500 mature Royal Palms, which is a significant asset, providing immediate value for landscaping, landscaping supplies, or potential sales.
Diverse Palm Varieties: In addition to the Royal Palms, the land has around 1, 000 assorted palms, offering a variety of options for customers or commercial growers.
Ideal Soil: The soil on the property is perfect for growing palms, which gives it a strong foundation for expanding or scaling a nursery operation.
Infrastructure Improvements: Over 100 loads of asphalt shavings have been used to improve the interior roads, meaning the property is already set up with enhanced infrastructure for easier access and operational flow.
Potential for Nursery Development: This property seems ready to go for anyone looking to expand a nursery or start a new one, with mature palms already in place, excellent soil, and upgraded access.
This is an ideal investment for those wanting to capitalize on the growing demand for ornamental palms and landscaping materials.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,399,999
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 | $1,119,999 | $1,119,999 | $1,119,999 |
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 | $7,264 | $7,171 | $9,834 |
Total Monthly Payment | $7,389 | $7,296 | $9,959 |
* 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.