Seller open to all reasonable offers!
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Authentic waterfront commercial property with permitted residential use! Situated on . 65 acres with 148 ft of waterfront and 100+ year old oak canopies, it offers a one-of-a-kind craftsman cottage, 2 studios or offices, 6 boat slips, and a concrete pad—all with backup power from a 22 KW propane generator. This property provides a unique opportunity because of its versatile use and location. Current zoning permits this space to be creatively activated with ideas such as a brewery, restaurant, shops, wedding venue, yacht club or marina. If a commercial endeavor is not of interest, keep it as a private residence, recording studio or artist sanctuary. The cottage was remodeled in 2017 with modern amenities while thoughtfully maintaining the historic integrity. This open floor plan with artistic touches incorporates finishes like African Wenge & Walnut flooring, a pecky Cypress live edge vanity, beautiful custom stained-glass, reclaimed beams, and panoramic windows overlooking the gardens, deck, fire pit, and St. Johns River for stunning Western sunsets. The private second bed/bath downstairs also has a separate entrance for guests or potential renters.
This property is across from 387, 000 acres of the Ocala National Forest. It's truly a wildlife sanctuary with animals like bald eagles, manatees, and herons in your back yard. Welaka is a quaint town with convenient access to St. Augustine, Jacksonville, and Daytona. It's a golf cart community with gravel paths canopied with live oaks. It is home to entrepreneurs, artists, veterans, and even world-class outfitter brands, which is fitting considering the river is known as the Bass Fishing Capital of the World and Welaka means river of lakes.
1, 000 sqft cottage, 800 sqft studio
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$1,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,684 | $7,783 | $10,536 |
Total Monthly Payment | $7,809 | $7,908 | $10,661 |
* 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.