Under contract-accepting backup offers. Prime 36-Acre Land Opportunity with Homes, Garage, and Lake
Discover an unparalleled opportunity to own 36 acres of prime land with coveted east road frontage, offering endless possibilities for development or investment. Nestled in a desirable location, this expansive parcel includes two existing houses, a spacious 40x40 garage, and a serene spring-fed lake, making it a rare find for those seeking both immediate utility and future potential. The property features favorable Future Land Use Map (FLUM) zoning, allowing for one dwelling per acre, ideal for creating a private estate, residential development, or a long-term investment.
For those with grander visions, an additional 60 acres of contiguous land is also available for sale, creating the potential to own nearly 100 buildable acres. This combined offering provides a substantial discount when purchased together, enhancing the value and appeal of this remarkable property.
Access and convenience are paramount, with two private and emergency access roads—Old Moulton and Saddleback Trail—ensuring seamless connectivity and peace of mind. The existing houses and the large garage provide immediate living and storage solutions, while the spring-fed lake adds a picturesque and functional water feature to the property.
For more detailed information and to explore the full potential of this unique property, request our comprehensive information package. Don’t miss out on this exceptional opportunity to secure a piece of prime real estate with limitless possibilities. Contact us today to schedule a viewing and start planning your future on this extraordinary land.
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Our Executive Mortgage Banker:
Our Insurance Division:
$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** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,389 | $7,389 | $10,126 |
Total Monthly Payment | $7,514 | $7,514 | $10,251 |
* 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.