S Obrien ROAD, Groveland, FL, 34736 | $5,750,000

Featuring a 68. 2 acre parcel in the growing area of Groveland, Florida, this property has exceptional views of Cherry Lake, part of Clermont’s Chain of Lakes. This property is in the final stages of being re-zoned and will consist of 41 one-acre lots located in Lake County. Sometimes known as the “Clay District”, these one-acre lots are expected to fulfill a need for today’s Buyers that are looking for a little more space between the homes, a little more privacy or larger lot to construct a home that will fulfill all their dreams. The plat has preliminary approval with final approval expected around the end of the 2nd quarter or early 3rd quarter of this year. The owner has spent a great deal of time, effort and expense in bringing this to fruition; consulting with highly experienced entities which include a Land Use Attorney, Environmental Group, Traffic Consultant, Surveyor and Urban and Regional Planning Group, who all work with the County Planning and Zoning Department. Each lot will have an individual well drilled and a modular contained waste water treatment system for the community will be implemented. The Environmental Survey has just been completed and the property has been given a clean report in regard to Sand Skinks with another report on Gopher Tortoises. As you can see, the project has been undertaken with a vengeance which will enable a Buyer to maneuver through the process smoothly and quickly. The well-thought out Plat not only fulfills the County’s requirements for greenspace, but also incorporates that space into the area of the property that is adjacent to a pond and also has a great view of Cherry Lake. This is the perfect place for a community dock or park. The location of this parcel is very convenient to the Florida Turnpike, US Highway 27 and State Road 19 and into Orlando yet set back from the growing traffic in the surrounding areas.

Features

  • Lot Size: irregular
  • Lot Desc: Buildable, In County, Unincorporated
  • View: Water
  • MLS#: G5077918
  • Days on Market: 88 days
  • Website: https://www.raveis.com
    /prop/G5077918/sobrienroad_groveland_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/15/2024 4:17:13 PM)
Listing courtesy of TRINITY REAL ESTATE SALES LLC   Phone: 321-299-3189

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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S Obrien ROAD, Groveland, FL, 34736

$5,750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $4,600,000 $4,600,000 $4,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 6.851% 6.915%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $30,991 $29,836 $40,706
Total Monthly Payment $31,116 $29,961 $40,831

* 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.