PRICE REDUCED**Dream Big on This Dynamic 2. 31 Acre Gem**
Nestled just east of Lake Wales, this expansive 2. 31-acre residential lot offers a perfect canvas for your dreams. With a generous 163 feet of road frontage on State Road 60E, your gateway to Florida’s bustling corridors and serene landscapes begins here. Ideal for outdoor enthusiasts and welcoming to farm animals, this property is a rare find.
Positioned strategically between the adventure of Westgate Resort River Ranch, and the amenities of Indian Lake Estates and Lake Walk-in-Water, this parcel of land promises a life balanced by peace and excitement. Its central location is a significant advantage, offering straightforward access to both of Florida's east and west coasts, the Florida Turnpike, I-95, and the myriad attractions of Orlando.
The lot is enveloped by lush woodlands, offering a private escape with the convenience of Lake Wales city amenities just a short drive away. Imagine living only 20 minutes from the enchanting Bok Tower Gardens and 30 minutes from the family-friendly Legoland in Winter Haven. Additionally, the accessibility of a one-hour drive to both Orlando and Tampa unlocks a world of entertainment and professional opportunities.
This property is not only about the joy of today but also the potential of tomorrow. As Lake Wales experiences a surge in growth, this location is becoming increasingly desirable. Whether you're looking to build your dream home, secure a promising investment, or simply own a piece of Florida's natural beauty, this lot represents endless possibilities.
Embrace the serenity of wooded landscapes and the convenience of life near thriving cities. Please note, buyers should exercise due diligence in verifying land use possibilities with Polk County planning and zoning to ensure this dream can become your reality.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$62,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $49,600 | $49,600 | $49,600 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $330 | $330 | $418 |
Total Monthly Payment | $405 | $405 | $493 |
* 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.