0396014400, Venice, FL, 34292 | $19,999,000

Under contract-accepting backup offers. 102 acres! This is a rare opportunity to purchase one of the few remaining large acre parcels in beautiful Sarasota County, Florida, less than 8 miles from the beach. Currently zoned OUE/OUR which will potentially allow for future subdivision of parcels. Loaded with potential, the future development possibilities are endless. Privacy abound, this walled and gated property has over six wells and two ponds on-site, with access to Blackburn Canal/Curry Creek and is currently being utilized as a residential livestock ranch containing a guesthouse, storage garages and a barn with 21 stables. The list of possible potential uses for this one-of-a-kind property includes an equestrian center/polo club, plant nursery and landscaping supply, animal hospital with boarding and sheltering, parks and open spaces, sporting events center, or luxury RV Resort. Many of these uses would support the 1, 000-plus people coming to Florida per day and the surrounding Venice housing boom, including Wellen Park and the newer home communities by national and local residential builders located just minutes from the property. Only a few miles from the world-class beaches of the Gulf Coast, numerous shopping and dining options close by, and a short drive to the interstate, makes this location easy and convenient for all uses while still providing solitude and privacy. Ready for beautiful year-round weather and tired of high tax states? Come take advantage of the green belt tax benefits and lower costs of living with this beautiful Venice, Florida, unique opportunity.

Features

  • Lot Size: Irregular
  • Lot Desc: Buildable, Flood Plain, In County, Out Parcel, Oversized Lot, Pasture, Room For Pool
  • Elem. School: Taylor Ranch Elementary
  • Middle School: Venice Area Middle
  • High School: Venice Senior High
  • MLS#: A4565154
  • Days on Market: 210 days
  • Website: https://www.raveis.com
    /prop/A4565154/0396014400_venice_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/29/2024 5:33:32 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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0396014400, Venice, FL, 34292

$19,999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $15,999,200 $15,999,200 $15,999,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.000% 7.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.903% 7.128% 7.167%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $109,143 $106,443 $143,805
Total Monthly Payment $109,268 $106,568 $143,930

* 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.