Brooksville, FL, 34602 | $7,625,000

The St. Clair Lake Ranch is a 346-acre lakefront property on Spring Lake Highway in Brooksville. This sprawling ranch features rolling hills, improved pastures, and frontage on two shimmering lakes (St. Clair Lake and Nicks Lake). Improvements include cattle pens, one 4" well, and perimeter and cross fencing.

This ranch offers a rural setting while still being within an easy commute to the downtown life, allowing easy enjoyment of both lifestyles. Its diverse habitat, including shrubbery, wildflowers, oak hammocks, planted pine, and woods, bring the property to life.

The property is zoned AG (Agricultural) and has future land use of Rural. It's estimated to consist of 225 acres of uplands and 121 acres of wetlands/lowlands. It has frontage on two roads - Church Road (2, 000 ft) and Spring Lake Highway (2, 800 ft).

St. Clair Lake Ranch is located on the west side of Spring Lake Highway (County Road 541) in Brooksville in southern Hernando County. It's less than one mile north of the Pasco County/Hernando County line.

The property is centrally situated between downtown Brooksville and downtown Dade City. Local shops, restaurants, medical facilities, and schools are all easily reachable within 15 minutes. Due to its close proximity to I-75, lively downtown Tampa (30+ minutes), Tampa International Airport (40 minutes), and downtown St. Petersburg (1 hour) are all readily accessible.

Approximately 85 acres has been sold, and 161 acres are currently under contract.

Features

  • Lot Size: 2800 x 2000
  • Lot Desc: Farm, Greenbelt, Gentle Sloping, Pasture, Rolling Slope, Sloped, Wetlands, Wildlife Sancuary, Wooded, Zoned for Horses
  • View: Park/Greenbelt, Trees/Woods, Water
  • MLS#: T3480265
  • Days on Market: 173 days
  • Website: https://www.raveis.com
    /prop/T3480265/_brooksville_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 5/24/2024 4:47:11 PM)

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NMLS Mortgage Loan Originator ID 1500191

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Brooksville, FL, 34602

$7,625,000

Hickman - Coen Home Team

Sales Associates

William Raveis Real Estate

Phone: 617.416.8173

Hickman-CoenHomeTeam@raveis.com

Kate Rockett

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $6,100,000 $6,100,000 $6,100,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.115% 7.061%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $41,097 $40,583 $54,403
Total Monthly Payment $41,222 $40,708 $54,528

* 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.