RV Resort Development opportunity – 368 +/- RV sites! 137 +/- beautiful acres of vacant land and small lake. Edgewater, Florida. Engineered site plans, wetland studies and surveys are completed. This is a multiparcel sale (See Exhibit A). Prime US HWY 1, Booker Street & Clinton Cemetery Road frontage. Located in City of Edgewater, in close proximity, to the Indian River and nearby public boat launches. Electric, water and gas nearby. Adjacent to Direct Marine & RV Dealership, close proximity to Boston Whaler Boat Mfg. & Magic Tilt Trailers. Approximately 8 miles south of New Smyrna Beach, FL and 30 miles north of Titusville, FL. All proposed site plans and future zoning are pending final approval. Major road ways: US Hwy 1 frontage & I95 is approximately 6. 5 miles.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
William Raveis Real Estate
RVP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr)
Adjustable Rate Jumbo*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||7.250%||7.500%||7.375%|
|Interest Rate based on Index + Margin||7.875%|
|Annual Percentage Rate||7.955%||7.684%||7.585%|
|Monthly Tax Payment||N/A||N/A||N/A|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$47,179||$48,358||$63,622|
|Total Monthly Payment||$47,304||$48,483||$63,747|
* 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.