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An exceptional opportunity in the prestigious Shady Hill area– This rare nearly 2-acre parcel offers the perfect blend of privacy, natural beauty, and freedom. Bordering the exclusive neighborhood of The Summit yet free from any deed restrictions, the property features a gently elevated homesite that crowns the property, providing an ideal setting for an impressive residence with sweeping sunset views. Mature hardwoods create a serene canopy, balanced by open sunny spaces perfectly suited for horses and elegant outdoor living. Equestrians will appreciate the existing 3-stalls plus wash rack and 3 cross-fenced paddocks, ready for immediate use with ample room to build a custom show barn to suit your needs. The updated on-site cottage allows you to enjoy the property immediately– whether as a refined guest house, private retreat, or a proven income-producing vacation rental. The Florida Horse Park is located just 10 minutes away, offering year-round opportunities for competition and spectating options, as well as access to the Greenway Trail system for miles of trail riding opportunities. With a history of strong rental performance, this property is an exceptional opportunity to build your dream home while investing in one of Ocala’s most sought-after areas!
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Our Executive Mortgage Banker:
Our Insurance Division:
$324,500
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 | $259,600 | $259,600 | $259,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.144% | 5.415% |
| Monthly Tax Payment | $118 | $118 | $118 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,494 | $1,555 | $2,070 |
| Total Monthly Payment | $1,687 | $1,748 | $2,263 |
* 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.