Hillview DRIVE, Altamonte Springs, FL, 32714 | $7,999,999

Seize this one-of-a-kind development opportunity in Altamonte Springs, FL! Comprising approximately 10 acres (from 6 total parcels) and strategically located just off Hillview Drive, these six parcels offer direct access to the 414 Expressway/Maitland Blvd, I-4, and the 429. Situated less than 4 miles from the Altamonte Mall, less than 8 miles from Downtown Orlando, within 18 miles of Universal Studios, 25 miles to Walt Disney World, and 50 miles to Daytona Beach, this land is primed for high-value development. The area boasts close proximity to the bustling State Road 436, featuring an array of retail, dining, and entertainment options. Moreover, the RDV/Genesis Sportsplex is just around the corner, adding to the community appeal. This rare offering allows for flexible zoning, perfect for single-family homes, townhouses, or even a small rental community, all with the added benefit of no HOA or CDD. The six adjacent parcels are to be sold together and parcel 22-21-29-300- 036D-0000 comes with easement rights with the city of Altamonte, making this the ideal acquisition for builders aiming for a cohesive development plan. This is a developer's dream—don't let this once-in-a-lifetime investment opportunity slip away!

Features

  • Lot Size: 165 x 96 x 194 x 50
  • Elem. School: Spring Lake Elementary
  • Middle School: Teague Middle
  • High School: Lake Brantley High
  • MLS#: O6140926
  • Days on Market: 10 days
  • Website: https://www.raveis.com
    /prop/O6140926/hillviewdrive_altamontesprings_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 5/16/2024 11:32:12 PM)

William Raveis Family of Services

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The Cornerstone TeamSales Associate

203.733.9382

cornerstoneteam@raveis.com

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Matthew DeMariaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 147983

845.290.3871

Matthew.DeMaria@raveis.com

Our Executive Mortgage Banker:

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Gene.Rahilly@raveis.com

Our Insurance Division:

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Hillview DRIVE, Altamonte Springs, FL, 32714

$7,999,999

The Cornerstone Team

Sales Associate

William Raveis Real Estate

Phone: 203.733.9382

cornerstoneteam@raveis.com

Matthew DeMaria

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 845.290.3871

Matthew.DeMaria@raveis.com

NMLS Mortgage Loan Originator ID 147983

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $6,399,999 $6,399,999 $6,399,999
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 6.989% 6.936%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $43,118 $42,043 $56,634
Total Monthly Payment $43,243 $42,168 $56,759

* 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.