**Development Opportunity!**
Seize the chance to own 10 acres of prime real estate zoned RE1, boasting an impressive 610 feet of frontage on Bermont Road. This versatile parcel is conveniently divided by Palangos Road, offering 5 acres on each side. The property includes three existing wells, three-phase power available on both sides, and high-speed internet access is available.
The RE1 zoning allows for one single-family home per acre, making it an ideal site for a residential development. This property offers a wealth of possibilities for developers and investors alike. Its strategic location, and ample frontage on Bermont Road, make it a unique opportunity in a rapidly growing area. Don’t miss out on this chance to turn potential into reality!
5460 Palangos DRIVE, Punta Gorda, FL, 33982
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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