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PREMIUM 1. 06-ACRE CORNER LOT | HIGH & DRY | NEAR RAINBOW SPRINGS | READY TO BUILD | RAINBOW LAKES ESTATES
Build your dream home on this exceptional 1. 06-acre corner lot in the growing community of Rainbow Lakes Estates. Ideally located just minutes from Rainbow Springs State Park, this beautiful homesite is flat, high and dry, and ready for your custom home or future investment.
Positioned on a desirable corner with road frontage on two sides, the property offers outstanding design flexibility, easy access, and excellent curb appeal. Electricity is available along both road frontages, helping simplify the building process.
One of the biggest advantages of this property is its location. Just a short drive from the crystal-clear waters of Rainbow Springs and the Rainbow River, you'll enjoy kayaking, tubing, swimming, boating, hiking, and some of Florida's most beautiful natural scenery right at your doorstep.
The neighborhood continues to experience strong growth, with numerous new custom homes under construction nearby, making this an excellent opportunity for homeowners, builders, and investors looking to purchase in an area with increasing demand.
Conveniently located near Dunnellon, shopping, restaurants, medical facilities, golf courses, and outdoor recreation, this oversized homesite offers the perfect combination of privacy, space, and accessibility.
Large, buildable corner lots this close to Rainbow Springs are becoming increasingly rare. Whether you're planning to build now or invest for the future, this is an opportunity you won't want to miss.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$39,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $31,920 | $31,920 | $31,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $191 | $202 | $263 |
| Total Monthly Payment | $266 | $277 | $338 |
* 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.