Unparalleled investment opportunity, where the promise of growth meets pristine potential. Nestled in the heart of Leesburg, this expansive property boasts a great mix of Residential and Commercial use, presenting an exciting canvas for visionary development. A combined total of over 18 acres, the possibilities for development are plenty. With over 600 ft of frontage on US-27 and nestled within a vibrant community, it offers the perfect blend of accessibility and tranquility. Whether it's residential or commercial ventures, this location sets the stage for success. From residential neighborhoods to commercial complexes, the scope for creating thriving spaces is limitless. Imagine crafting a dynamic mixed-use development that caters to the diverse needs of the community, or sculpting a residential enclave that embodies modern living at its finest. Leesburg is not just a location; it's a destination on the rise. As one of Florida's burgeoning hubs, it offers a dynamic environment ripe for investment. With a growing population and a robust economy, the demand for quality real estate is on the upswing. Seize the opportunity to capitalize on this momentum and secure your stake in the future of Leesburg. Whether you're a seasoned developer or a visionary entrepreneur, this parcel of land beckons with the promise of possibility. Our team is here to support your vision every step of the way, from initial concept to final execution. Don't miss out on this extraordinary chance to shape the future of Leesburg. Contact us today to learn more about this exceptional property and unlock its full potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,250,000
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 | $2,600,000 | $2,600,000 | $2,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,648 | $16,648 | $22,828 |
Total Monthly Payment | $16,773 | $16,773 | $22,953 |
* 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.