6877 S Peach Point, Homosassa, FL, 34446 | $685,000

Your Extraordinary Opportunity to get 10 Acres in the Economic Development Target Area at the SE corner of the Suncoast Parkway / W. Cardinal Street Interchange! The off-ramp is complete with great visibility and access. If you missed our last offer for 8. 4 acres which sold for $700K at the NE corner, here is your chance to buy at the southeast corner- before developers invest massively in that area and property values go up!
Citrus County's Future Land Use Map places this property as part of an Economic Development Target Area (EDTA- Reference Ord. 2021-A11) with a CMU designation (Commercial Mixed-Use) supporting projects that are functionally integrated around the Interchange. Permitted land uses include light industrial/manufacturing, transportation and distribution, travel center with fuel, restaurants, Parkway-related uses, and mixed-use commercial/hotel/government facilities!
These parcels can host a development of significant impact with multiple uses such as a Gas Station/Hotel/Restaurant combo all interconnected- or even a RV Park. This rare and desirable parcel should be of high interest to regional developers/investors working with national brands, or a company's headquarters with a light-industrial facility and truck parking.
Astonishingly low-priced at under $70K/acre for prompt sale! Thanks- and make it a great day!

Features

  • Lot Size: 345' x 1254'
  • Lot Desc: Buildable, In County, Level, Unincorporated
  • MLS#: U8232792
  • Days on Market: 239 days
  • Website: https://www.raveis.com
    /prop/U8232792/6877speachpoint_homosassa_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 11/5/2024 9:47:09 AM)
Listing courtesy of KLEIN & HEUCHAN INC REALTY   Phone: 727-441-1951

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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6877 S Peach Point, Homosassa, FL, 34446

$685,000

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 $548,000 $548,000 $548,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.159% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,646 $3,642 $4,621
Total Monthly Payment $3,738 $3,734 $4,713

* 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.