Rare opportunity to purchase 80 ACRES located just off Burnt Store Road in Punta Gorda. Directly south of and adjacent to Tropical Gulf Acres and 1 mile east of Burnt Store Road. Current use is Grazing Land (Grazing Soil Capability Class IV) Property is one parcel of vacant pasture and native woodlands. Zoned AG (Agriculture General). Refer to Charlotte County Municode 3-9-30 for permitted uses and structures. Note that Burnt Store Road was recently widened to a 4 lane road. This property offers easy access and is centrally located. *Per the seller the property can be accessed via Green Gulf Blvd. There is a gate at the end of Green Gulf Blvd that leads to the property. *Only 10 minutes to US 41, 15 minutes to historic downtown Punta Gorda and 15 minutes to I-75. Continue south to Cape Coral (10 minutes). In August 2022 Cape Coral officials declared Burnt Store Road one of the area's most important roadways. The city has plans to further develop the area along Burnt Store Road, bringing more businesses, warehouses and homes. Naples and Sarasota are about an hour away from this property. D. R. Horton is planning a subdivision of up to 894 lots off Burnt Store Road in southwestern Charlotte County.
Coral Creek will be a mixture of single-family homes, townhomes and twin villas, said Justin Robbins, division president of D. R. Horton. Great future potential for this property as the area continues to grow.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $959,999 | $959,999 | $959,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,468 | $6,307 | $8,495 |
Total Monthly Payment | $6,593 | $6,432 | $8,620 |
* 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.