370 Acres (mol) with frontage on busy Cortez Blvd (SR 50) and Emerson Road that is currently zoned Agriculture, and has 4 parcels all being sold together. Multifamily and Single Family Development opportunity with the Master Plan to be reactivated for rezoning of approximately 88 acres with a Flood Zone of X. (Other 3 parcels are AE) The Master Plan that was approved for rezoning to CPDP by Hernando County has since expired. It was originally approved for a 263 unit with combined single family and multifamily housing development with a mix of 6,600 sf and 1 acre lots. This beautiful property has rolling hills, open meadows, has a nice variety of trees, and a small amount of frontage on the lake. Included with this land is a 4 bedroom home with a pool set on top of the highest point of the property and has incredible views. There are remains of older farm buildings that are not being used. Key#: 01249358,00362280,00362057,01355599 Being Sold As Is.
22374 CORTEZ BOULEVARD, Brooksville, FL, 34601
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB