Situated in the heart of Jackson County, Compass Lake in the Hills, is a slice of paradise that is not to be missed! Build your dream site-built and/or modular home today! Located right off Highway 231, there are so many things to explore! Jackson County offers ample parks, trails, sports, kayaking, birding, boating, cave diving, fishing, horseback riding, shopping, restaurants, entertainment, and beautiful Gulf beaches. If you want to get away from the city crowds, enjoy the many amenities right in your backyard and explore the abundant beautiful natural areas nearby, this is your chance. Compass Lake is located near Three Rivers State Park, Jackson Blue Springs, The Florida Caverns, Falling Waters State Park, Econfina Creek, and Panama Beach. The surrounding area also has several underwater caves which attract divers to caverns at Merritt's Mill Pond, all along the Chipola River and Holmes Creek, which are also popular areas to kayak. Compass Lake in the Hills is an equestrian friendly planned community that is an outdoor lover's dream! This 10, 000-Acre community offers amenities including freshwater fishing and boating. Compass Lake is a spring fed all sports lake with an average depth of 35-40 feet, with a few deep springs reaching to 70 feet. HOA is optional ($135/Yr. ) provides use of pool, docks, and other amenities. All amenities included for property owners to enjoy includes access to two lakes (Compass & McCormick), two club houses, RV parking, cabin & boat rentals, tennis courts, inground swimming pool at main club house, plus more! Zoning allows for site-built and modular homes of 1000 sq ft or more only. Mobile homes are also permitted on residential property as of 6/18/24. Temporary camping is allowed on lots for 1-week intervals annually. Some say, Compass Lake is reminiscent of the Carolina foothills. Located almost equal distance Panama City Beach and the rolling countryside of Dothan, Alabama. Don't miss the opportunity to call this lot your dream home!
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Our Executive Mortgage Banker:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $10,240 | $10,240 | $10,240 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $71 | $69 | $87 |
Total Monthly Payment | $146 | $144 | $162 |
* 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.