8738 Lindy LANE, New Port Richey, FL, 34655 | $2,499,000

Riverfront flowing to Gulf of Mexico vacant buildable land on the Pithalacoochee River. Build your estate home, multi-family green compound, or develop and build a single family subdivision on this large lot of 15 Acres MOL. Next to Trinity in Port Richey, bounded by New Port Corners in expanding Trinity / Pasco County growth corridor. This Riverfront acreage sits on BOTH SIDES the Pithlacoochee River and is bounded by the newly established New Port Corners area of Port Richey being developed by Lennar. If you have seen the property values and growth of Trinity, you will surely appreciate New Port Corners. Because this parcel adjoins New Port Corners, but is not in the development, the buyer will not be bound by New Port Corners restrictions! Lennar will be investing millions to improve the roads and parks adjacent to this parcel. All the benefits without all the hassle. Per Lennar: "The development of New Port Corners will create a connected street network with sidewalks and bike paths that encourage walking and biking to neighborhood parks and through open spaces. Its mixed uses will include single family homes, multi-family residential housing, commercial space, offices, and employment opportunities. Lennar will help create economic opportunities for people in the West Pasco. " Development and new home or townhome construction opportunities are endless! This is one of the few chances to purchase a large tract for development. Investment organizational compound with abundant deer and other wildlife directly on the Pithlacoochee River heading right out to the Gulf of Mexico. Bring your kayaks and imagination and purchase the rapidly disappearing part of sunny west central Florida! Close to numerous Gulf beaches and saltwater boat storage establishments this parcel is great for the outdoor enthusiast. Location: The Pithalacoochee River is a popular spot for recreational activities such as fishing, boating, and swimming, which could be a major draw for buyers looking for a waterfront property. Scenery: The Pithalacoochee River is known for its natural beauty, and the land may offer scenic views of the river and surrounding landscape. Privacy: 15 acres of land is a significant amount of space, for buyers looking for privacy or a sense of seclusion. Potential for development: Check out the potential for developing the property in the future, such as building a home, garage, workshop, barn or other structures. Investment potential: The land may be a good long-term investment for the buyer, as the value of waterfront property in popular areas like Pasco County, Florida, can appreciate over time. Access to Amenities: This parcel has close proximity to nearby amenities such as shopping centers, schools, and hospitals. Climate: Florida's warm climate is great buyers looking to escape colder climates.

Features

  • Lot Size: 665 x 992 x 1025 x 429
  • MLS#: W7851874
  • Days on Market: 536 days
  • Website: https://www.raveis.com
    /prop/W7851874/8738lindylane_newportrichey_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 11/21/2024 10:05:29 PM)
Listing courtesy of RE/MAX CHAMPIONS   Phone: 727-807-7887

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NMLS Mortgage Loan Originator ID 16953

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8738 Lindy LANE, New Port Richey, FL, 34655

$2,499,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,999,200 $1,999,200 $1,999,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.864% 6.810%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,801 $12,967 $17,553
Total Monthly Payment $12,926 $13,092 $17,678

* 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.