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Unique Island Opportunity on the Withlacoochee River Basin — 16. 68–20 Acres in Inverness, Citrus County
Escape to your own serene retreat: this rare parcel of island land located in the scenic Withlacoochee River basin in Citrus County offers between approximately 16. 68 and 20 acres. Access to the island is only by watercraft — no direct road access — providing a genuinely private and nature-filled setting.
Highlights & Features
Approximate gross acreage: 16. 68-20 acres.
Estimated usable acreage: approximately 0. 4 acres — buyer to verify.
Island access only: exclusive access by boat or watercraft, enhancing secluded appeal.
Scenic water-setting: nestled in the Withlacoochee River basin, surrounded by natural beauty and water-views.
Controlled water level: A **weir** is in place that influences and governs the river basin’s water flow and flood control — an added factor to verify in due diligence. (A weir is a barrier across a river or channel used to control upstream water level and flow.
Cross-water address: The records show an address associated with four parcels on the opposite shore of the water (mainland) — this island is distinct and the subject property.
Due diligence essential: Buyer and/or Buyer’s Agent are strongly encouraged to verify all aspects of the property including access, buildability, zoning, utilities, flood zone, usable acreage, environmental conditions, weir effects, etc.
Key reference: Use AltKey # 1716543 when performing property searches with the Citrus County Property Appraiser or other records.
Offered “as is": Buyer accepts the property in its current condition; verification and investigation of all details are the buyer’s responsibility.
Here is a truly exceptional chance to own your own island parcel in Citrus County — whether for a private retreat, a unique off-water build site, or a long-term investment. Don’t miss this rare offering. Explore the possibilities of this distinctive island property.
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William Raveis Real Estate
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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 | $36,000 | $36,000 | $36,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.120% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $202 | $216 | $289 |
| Total Monthly Payment | $277 | $291 | $364 |
* 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.