Discover a rare and valuable investment opportunity in the heart of Ocala. This expansive, high-density R3 development site offers one of the last large parcels available within city limits, making it a prime choice for developers looking to create a high-impact residential project. Perfectly positioned just off SR40, this level lot is directly opposite the Ocala City Golf Course, offering access from both NE 3rd and NE 7th Streets. With Downtown Ocala only minutes away and the Silver Springs Theme Park just 2 miles down the road, the location is truly unbeatable. The land’s topography is flat with a shallow slope for excellent drainage, and soil borings have been completed and cleared, providing a strong foundation for any project. Essential utilities are already in place, including a sewage manhole on the site, which simplifies the development process. This is a rare chance for developers to acquire this premium parcel. Don’t miss out on the opportunity to create a legacy project in one of Ocala’s most desirable locations. Contact us today to explore all the possibilities this exceptional property has to offer.
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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** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,783 | $7,684 | $10,619 |
Total Monthly Payment | $7,908 | $7,809 | $10,744 |
* 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.