40945 Beach ROAD, Eustis, FL, 32736 | $1,900,000

40 Acres all ready for new owners to operate as a business. Fully licensed to grow “HEMP” Extremely rare find of 40+/- acres in Lake county previously operated as a fernery. Still some fernery product to be harvested. Some shaded space being transitioned to the new crop. The warehouse has been updated and has new ac / two walk in coolers. Currently working on completing a commercial grade kitchen, a storage room and two large submerged tanks. Lots of open space in this free span building for a business to operate. Three diesel engines for the water pump and lines from well(s) are 4”, 8” and 10”. Perfect for an agricultural operation or take down the greenhouse screens and use it as a blank slate to create your own private ranch or produce multiple products. In addition to the agricultural benefits of this property, you will also find a picturesque pasture with scattered oaks, a small pond, and and natural wildlife. This property is just 1/4 mi off County Highway and is tucked away down a dead end street offering an abundance of privacy. Gated entry. The multiple buildings include, greenhouses, barns, office space, garage & warehouse space. Additional improvements include a 2300 -/+ square foot home & inground pool, an equipment barn, office, storage garage, warehouse and multiple wells for agricultural production. There is also an older single wide mobile home with new roof. The home has an upgraded well pump, new interior lighting, new flooring, new paint and both septics on the property have been recently pumped and certified. There is a separate office space adjacent to the warehouse for additional business processing. Endless possibilities to this property.

Features

  • Lot Size: 1375 x 1375
  • MLS#: G5078123
  • Days on Market: 112 days
  • Website: https://www.raveis.com
    /prop/G5078123/40945beachroad_eustis_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 6/1/2024 12:52:45 AM)
Listing courtesy of WATSON REALTY CORP   Phone: 352-536-6530

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NMLS Mortgage Loan Originator ID 16953

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40945 Beach ROAD, Eustis, FL, 32736

$1,900,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,520,000 $1,520,000 $1,520,000
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% 7.128% 7.061%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,241 $10,113 $13,556
Total Monthly Payment $10,366 $10,238 $13,681

* 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.