New Jerusalem ROAD, Out of Area, FL, 32462 | $270,000

You don’t have to go far for beautiful off-grid living in Washington County, Florida. This lush 10. 42 Acre property is less than an hour from Panama City Beach. It’s close enough to what you need and far enough from what you don’t. Enjoy idyllic scenes of farms, woodlands, and well-spaced homesites. You won’t find tourists and beachcombers here among the serene pines, hardwoods, and farmland. This medium-sized property suits almost any vision: a tiny home, cozy cabin, seasonal RV base, or a spacious place to put down roots and call home. Make this beautiful space what you want, free of HOA restrictions, fees, and building time limits.

Setting the Scene

Leading to the property, mature trees and wooden rail fences line recently-paved New Jerusalem Road. The property has an excellent mix of vegetation and dry, flat space ideal for farming, gardening, or raising livestock. The wooded areas provide privacy, beauty, and soil reinforcement.

1, 000 feet of a freshwater spring fed pond loops through the northeastern part of the property, offering added beauty and private fishing.

This moderately wooded property is the perfect canvas for your vision. One neighbor has cleared his land lined with a functional and attractive plank fence, while another neighboring property remains undeveloped with mature trees and native vegetation. Several ponds in the area regularly attract wildlife like deer and waterfowl to the area.

Farming & Gardening

The mild to warm climate allows for year-round growing. Summer squash, zucchini, peppers, citrus fruits, okra, melons, tomatoes, corn, and more thrive in the warm summers. Meanwhile, leafy vegetables, lettuces, broccoli, carrots, and many herbs do well in the fall and winter. Fall is the perfect season to experience (and plant) the Florida panhandle’s vibrant wildflower display. Florida’s top four cash crops are tomatoes, oranges, sweet corn, and watermelon.

Access & Electricity

There is 500 feet of paved road frontage along the eastern boundary on New Jerusalem Road. There is also 475 feet of road frontage as well as electricity lines and poles along the western boundary.

Location

Less than ten minutes to Vernon, Florida, the property is close to a local market, dollar store, schools, churches, sports fields, eateries, a café, and a post office. The rural-suburban town features newly paved roads surrounded by beautiful grassy spaces and wooded areas.

The property is near what is considered some of "America's Best Beaches". Nearby Panama City Beach and Destin are a treasure trove of shopping and entertainment. If you’re longing for a beach day or an adrenaline-pumping saltwater fishing excursion, the Panama City Beach is less than an hour away. New housing developments and commercial expansion is in full tilt here. Just a few miles away the new Latitude Margaritaville resort community is building out. The area is one of the biggest real estate growth markets in the state. A recently built international airport (38 minutes from the property) has made access to the area seamless for travelers. It’s exciting to be able to offer rare, unrestricted, large-acreage properties, in the path of this monumental growth. Real estate opportunity in momentum markets like this, is hard to come by.

Features

  • Lot Size: 413 x 1123
  • MLS#: T3481637
  • Days on Market: 260 days
  • Website: https://www.raveis.com
    /prop/T3481637/newjerusalemroad_outofarea_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 10/1/2024 12:23:34 AM)
Listing courtesy of KELLER WILLIAMS SOUTH SHORE   Phone: 813-641-8300

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

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Melissa.Cohn@raveis.com

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New Jerusalem ROAD, Out of Area, FL, 32462

$270,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $216,000 $216,000 $216,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.125% 5.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.490% 6.273% 5.278%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,365 $1,312 $1,708
Total Monthly Payment $1,440 $1,387 $1,783

* 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.