Opportunity Awaits on Little Lake Hobbs – A Builder’s Dream. Unlock the potential of this 1. 10-acre lakefront property, zoned residential agricultural, offering unmatched freedom. Situated on the last buildable lakefront lot in the area, this prime piece of land presents a rare opportunity for builders and investors alike. The property currently features a standing block garage, complete with electric and plumbing, primed for conversion into a cozy two-story home. Builders with vision can finish the structure or start fresh and create a custom lakefront masterpiece. Enjoy direct access to the serene Little Lake Hobbs and the added benefit of a deep-water canal connection to the larger Lake Hobbs, perfect for boating, fishing, and swimming. The tranquil lake views, coupled with breathtaking sunrises and sunsets, offer the quintessential Florida waterfront experience. While the property provides the privacy and charm of country waterfront living, convenience is never far. Just minutes away, Oscar Cooler Park offers a multi-sport complex with soccer fields, basketball courts, tennis courts, playgrounds, and more. Easy access to US-41 ensures a quick commute into Tampa and proximity to an array of shopping and dining options. Whether you’re seeking your next investment opportunity or envisioning the ultimate lakefront retreat, this property delivers endless possibilities for those ready to capitalize on its potential. Don’t miss your chance to make your mark on Little Lake Hobbs.
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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 | $320,000 | $320,000 | $320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,156 | $2,744 |
Total Monthly Payment | $2,204 | $2,231 | $2,819 |
* 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.