Under contract-accepting backup offers. 102 acres! This is a rare opportunity to purchase one of the few remaining large acre parcels in beautiful Sarasota County, Florida, less than 8 miles from the beach. Currently zoned OUE/OUR which will potentially allow for future subdivision of parcels. Loaded with potential, the future development possibilities are endless. Privacy abound, this walled and gated property has over six wells and two ponds on-site, with access to Blackburn Canal/Curry Creek and is currently being utilized as a residential livestock ranch containing a guesthouse, storage garages and a barn with 21 stables. The list of possible potential uses for this one-of-a-kind property includes an equestrian center/polo club, plant nursery and landscaping supply, animal hospital with boarding and sheltering, parks and open spaces, sporting events center, or luxury RV Resort. Many of these uses would support the 1, 000-plus people coming to Florida per day and the surrounding Venice housing boom, including Wellen Park and the newer home communities by national and local residential builders located just minutes from the property. Only a few miles from the world-class beaches of the Gulf Coast, numerous shopping and dining options close by, and a short drive to the interstate, makes this location easy and convenient for all uses while still providing solitude and privacy. Ready for beautiful year-round weather and tired of high tax states? Come take advantage of the green belt tax benefits and lower costs of living with this beautiful Venice, Florida, unique opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$19,999,000
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 | $15,999,200 | $15,999,200 | $15,999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $103,771 | $98,510 | $141,578 |
Total Monthly Payment | $103,896 | $98,635 | $141,703 |
* 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.