Lot 67 Royal Palm DRIVE, Groveland, FL, 34736 | $150,000

This beautiful . 65 acre lot is located in the privately gated oasis of Garden City. It’s just beautiful, palms swaying in the wind, colorful foliage, massive oak canopies creating shade in just the right spots! Surrounded by the North Chain of Lakes, the views, the terrain and the breeze combine to make the perfect setting for your dream home. The North Chain of Lakes includes Lake Emma, Lake Lucy, Lake Stewart, Lake Hunt and the Palatlakaha River giving you hours of enjoyment fishing, boating and living the Florida lifestyle! Groveland, the “City with Natural Charm”, is not out in the boonies like most think! Just a few miles west of Clermont, you’ll find this location is a more convenient commute and away from the traffic! Access from Hwy 19 to Hwy 27 & Florida's Turnpike only takes about 5 minutes! Another great aspect of this location is there is no set time to build! Building requirements are 3, 000 sq ft under air and a tile roof. This keeps the neighborhood cohesive and contributes to the long term value of this community. Concerned that’s a little larger than you want? Consider making rooms just a tad bigger, especially closets, pantry and utilize air conditioned space for your holiday decor and other items that tend to get ruined in the garage during the hotter more humid months! Give that garage back to your vehicles! Builder recommendations available upon request! Fun Fact: the North (Groveland) and South (Clermont) chain are the SAME body of water connected at the Cherry Lake dam! Time to get a sea plane! Don't miss out on this opportunity to live in this pristine countryside paradise less than 5 miles from town!

Features

  • Lot Size: 182 x 42 x 192 x 246
  • HOA Fee: $1,521 Annually
  • Lot Desc: Buildable, Cleared, Corner Lot, In County, Room For Pool
  • Pet Policy: Yes
  • MLS#: O6176478
  • Days on Market: 56 days
  • Website: https://www.raveis.com
    /prop/O6176478/lot67royalpalmdrive_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 5/14/2024 8:17:08 AM)
Listing courtesy of LAKEFIELD REALTY GROUP LLC   Phone: 407-383-6497

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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Lot 67 Royal Palm DRIVE, Groveland, FL, 34736

$150,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $120,000 $120,000 $120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.171% 6.518%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $819 $798 $1,029
Total Monthly Payment $894 $873 $1,104

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.