Motivated seller will entertain all offers. 133 +/- Acres of Build-able Natural Florida Ranch and Hunting Property (consisting of 22 parcels of A1, FR, & RC zoning), surrounded by hundreds of acres of vacant mitigation/conservation land (state/county owned and/or managed), accenting the natural beauty and teeming wildlife. Property has incredible potential and has been returned to and currently being used as an active cattle ranch (sale includes cattle). All building and zoning code violations (identified during a foreclosure process) have been corrected. These included building code violations from converting barns and storage buildings into active residential dwellings without required permits. Building 1 (previously an enclosed barn) was converted into a 3/2 single family dwelling, and Building 2 (previously a storage shed) was converted into a 1/1 tiny home. Both have been returned to ag. These storage buildings were previously allowed under ag but we're not permitted under residential use (since ag was lost in 2023). Current owner has submitted agricultural exemption application for tax year 2025. Wetland alterations were performed while not under agricultural use. Roads were filled and culverts installed over existing roads without permits. These were revealed during the foreclosure process. Current owner is actively working with county and state regulatory agencies to mitigate violations and develop an approved mitigation plan. Seller will provide concessions for mitigation work. DIY would give opportunities to save substantially. List price reflects potential mitigation costs. Seller's loss is buyers gain. The mitigation costs are outweighed by the pristine beauty and serenity of this majestic and unique property in East Central FL. Enjoy hunting, fishing from the stocked ponds, or watch rocket launches from your private lakefront oasis. Opportunities are endless! Located in beautiful Oak Hill- near Mosquito Lagoon and Merritt Island Wildlife Refuge. Minutes from the Space Coast, less than an hour from Orlando, less than 30 minutes from Daytona Beach, and less than 30 minutes from Cape Canaveral. Buyer to verify all information. Owner/Seller is a licensed Florida Real Estate Broker.
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Our Executive Mortgage Banker:
Our Insurance Division:
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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 | $1,599,920 | $1,599,920 | $1,599,920 |
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 | $10,244 | $10,244 | $14,047 |
Total Monthly Payment | $10,369 | $10,369 | $14,172 |
* 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.