Under contract-accepting backup offers. Nestled in a burgeoning neighborhood, this near half-acre plot presents a rare opportunity for builders and dream-home planners alike. Located in the rapidly developing area where new homes are springing up in the $400, 000 range, this land embodies the essence of potential and growth. A builder’s paradise, this plot is situated in the Mt. Plymouth-Sorrento Golf Cart Community, adding a unique charm to your living experience. Imagine cruising in your golf cart under the warm Florida sun, with the convenience of being just 1. 5 miles from the breathtaking Neighborhood Lakes Scenic Trail & Trailhead. This trail isn’t just a path; it’s a gateway to the expansive Wekiva Trail System. Offering 2. 8 miles of multi-use, paved trail extending into Orange County, it connects to an array of regional trails including the Coast to Coast Trail, Heart of Florida Loop, Florida Scenic Trail, and the River to the Sea Loop. Adventure enthusiasts will revel in the easy access to historic and picturesque locales. A delightful ride takes you to Historic Downtown Mount Dora and Downtown Tavares, continuing along the Tav-Lee Trail to Leesburg, and reaching as far as Wildwood in Sumter County. This area is a haven for those who adore the great outdoors yet crave a serene spot to unwind, away from the city's hustle and bustle, but still close enough to enjoy urban amenities. Commuting is a breeze with easy access to 429 and 441, making work commutes or weekend getaways effortless. You're only minutes away from some of Florida's finest state parks, including DeLeon Springs, Apopka (17 min), and Mt. Dora (15 min). Plus, with a short 50-minute drive to the east coast and less than two hours to the west coast, this location couldn't be more central. This plot is ideal for those looking to build their dream home on an affordable lot in an already established neighborhood. It offers the best of both worlds: a tranquil country life with all the benefits of city accessibility. For anyone longing to explore all that Florida has to offer, this property is a perfect canvas to create your dream home. Come check it out!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $56,000 | $56,000 | $56,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.042% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $377 | $368 | $472 |
Total Monthly Payment | $452 | $443 | $547 |
* 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.