Rare opportunity to own 5 acres platted with 17 lots, a blank canvas of opportunities for your future vision. This old subdivision was created in the 1920s, complete with 30-ft road access to every lot. Desoto Planning and Zoning has confirmed the lots are permittable in current form or may be combined to create larger lots. 30-ft roads are “grandfathered in” and will not have to meet today’s 60-ft regulations. A culvert permit is paid and in place for the middle road, Pompy, and fill dirt is on site to help construct the road, or for any desired purpose. The property also has access to the county water line that runs along Prairie Ave, ensuring development is not reliant on individual wells. A county water tap was installed on the property in 2020, and a power line in 2022. Whether you envision a mobile home park, small homes on smaller lots, larger homes on fewer lots, or a family compound with multiple building permits available, the choice is yours. Key features include a large, stocked pond, 4-inch well new in 2020, drilled to a depth of 300-ft, a 25x25 concrete pad, two 16-ft entrance gates with shell circle drive, and has partial fencing. This land is not barren old grove, it boasts native woods and natural beauty that cannot be created in one lifetime. It offers tranquil country living while remaining conveniently located within 15 miles of I-75, Punta Gorda Airport, Port Charlotte, and Arcadia. For boating enthusiasts, it offers nearby access to Charlotte Harbor and the historic Peace River. Contact us today to arrange your private tour and discover the endless possibilities awaiting this remarkable property. Buyer to verify with Desoto County Building & Zoning Departments to ensure this property will allow for your desires.
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William Raveis Mortgage, LLC
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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 | $189,600 | $189,600 | $189,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,152 | $1,152 | $1,498 |
Total Monthly Payment | $1,227 | $1,227 | $1,573 |
* 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.