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Seize this rare development opportunity on a pristine 0. 25-acre vacant lot at 560 Fred Gamble Way in Ormond Beach, featuring 96 feet of street frontage and 115 feet of depth on a fully cleared, level parcel zoned for single-family residential use with all utilities—water, sewer, electric, and fiber—readily available at the curb. Nestled east of US-1 just steps from the shimmering Intracoastal Waterway and a short stroll to the charming Downtown walking street lined with beloved mom-and-pop shops, cozy cafés, and acclaimed local restaurants, this idyllic site offers the perfect canvas for your custom coastal retreat or income-producing investment. An adjacent identical vacant lot is also available for purchase, at 566 next to 560 allowing for an expansive combined assemblage - ideal for a multi-generational home or multiple homes while enjoying the area’s vibrant yet tranquil lifestyle, low flood risk, no HOA fees, and easy access to beaches, parks, and the Ormond Beach Scenic Loop—priced aggressively for immediate buildability go tour both parcels and lock in your piece of Old Florida charm before it’s claimed.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$144,900
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 | $115,920 | $115,920 | $115,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.168% | 5.628% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $667 | $694 | $939 |
| Total Monthly Payment | $742 | $769 | $1,014 |
* 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.