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Presented by
The Source Team |
Exceptional Residential Development Opportunity
Presenting a rare opportunity to acquire prime acreage in a rapidly growing section of Lake County. This parcel may be combined with the adjacent listing on County Road 44 (8915 County Road 44, Leesburg, FL 34788) to create approximately 39 acres of contiguous land, offering significant potential for residential development or investment.
The property is ideally suited for builders, developers, or investors seeking to construct multiple single-family homes or design a custom residential community. The acreage provides flexibility, privacy, and strong long-term growth potential.
Lifestyle & Area Features:
Located in the heart of Lake County, this area is known for its natural beauty, abundant lakes, and vibrant local culture. Residents enjoy boating, fishing, and water recreation on the Harris Chain of Lakes, as well as nearby parks, nature preserves, and multi-use trails. The surrounding communities of Leesburg, Tavares, Mount Dora, and Eustis offer charming historic districts, waterfront dining, seasonal festivals, boutique shopping, and a welcoming small-town atmosphere.
Location:
The property offers convenient access to County Road 44 and US-441, providing connectivity to Leesburg, Tavares, Mount Dora, The Villages, and major retail, medical, and employment centers. This highly desirable corridor continues to experience steady residential and commercial growth, further supporting future development value.
This is an exceptional opportunity to secure a versatile acreage parcel in a sought-after location with strong lifestyle appeal and investor upside.
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:
$306,000
Licensed Real Estate Salespersons
William Raveis Real Estate
Phone: 914.645.7157
TheSourceTeam@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
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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 | $244,800 | $244,800 | $244,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.419% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,448 | $1,507 | $1,984 |
| Total Monthly Payment | $1,523 | $1,582 | $2,059 |
* 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.