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Have you been dreaming of BUILDING a custom home on vacant land? Discover 47 acres of buildable agricultural land nestled at the end of scenic River Road in Myakka City, just moments from the new Soleta Golf Club and within a 20 minute drive to the vibrant community of Lakewood Ranch. Currently the property has a cattle lease that may convey to the new owner and is a benefit for agricultural tax exemptions. The land is well-suited for any agricultural use while offering incredible potential for future development. With no HOA or deed restrictions, you have the freedom to build your dream homestead—whether that’s a custom farmhouse, a modern barndominium, or a fully equipped workshop. There are 2 existing wells and power already in place so construction costs will be eased.
The property allows for a primary residence and up to three accessory dwelling units (ADUs), or alternatively it can be subdivided to suit your plans. Mineral rights convey with the sale, and while the majority of the land lies in Flood Zone X (high & dry), there are three small areas of wetlands that provide a seasonal water source for livestock. This vacant land offers a rare opportunity to disconnect from the fast pace of city life without sacrificing access to everyday conveniences. The drive to the property winds through old Florida county roads, offering a peaceful and scenic entry that feels like stepping into a simpler time. Plus, with county plans to pave River Road in the future, accessibility and property value are poised to grow. Whether you're looking to establish a working ranch, a private country estate, or a long-term investment, this versatile property is a true blank canvas ready for your vision. If Buyer keeps the cattle lease in place, they could qualify for an agriculture tax exemption, which will lower property taxes.
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Our Executive Mortgage Banker:
Our Insurance Division:
$940,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $752,000 | $752,000 | $752,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.164% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,388 | $4,509 | $6,346 |
| Total Monthly Payment | $4,480 | $4,601 | $6,438 |
* 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.