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Rare opportunity to build your custom home in sought-after Spruce Creek Fly-In, one of the nation's premier private aviation communities offering a country-club lifestyle. Offered at $275, 000, this residential homesite presents an excellent opportunity to build a custom single-family home while fully experiencing the dynamic Fly-In lifestyle that makes this community so unique. The lot has recently been cleared, allowing buyers to easily visualize the size, shape, and building envelope of the property. Measuring approximately 110 by 110 feet, the site is built-ready, with no fill dirt required, providing a smooth and efficient path to construction. The property is owned by Niagara Builders, led by well-known builder Sal Iamarino, who has constructed and remodeled numerous homes throughout Spruce Creek Fly-In. Niagara Builders is regarded for exceptional craftsmanship, attention to detail and outstanding customer service. Sal resides in the community and is readily accessible throughout the building process and long after closing, earning a reputation for long-term homeowner support and satisfaction. The builder is designing a custom home for this lot and will serve as exclusive builder of the property. Spruce Creek Fly-In is a gated, guard-attended community with 24-hour security, featuring a private 4, 000-foot paved runway and an unparalleled lifestyle. Optional country club membership offers golf, clubhouse, resort-style pool, tennis, fitness center and a full calendar of social activities. Residents also enjoy the popular Fly-In Cafe, offering dining and entertainment in a relaxed community setting. The community borders scenic Spruce Creek River, where residents can visit Overlook Park, featuring a fishing dock and kayak launch ideal for enjoying Florida's natural beauty. The neighborhood also offers a children's recreational park, adding to the community's lifestyle amenities. Conveniently just minutes from Publix and the Port Orange Pavilion, offering Red Robin, Five Guys, Olive Garden, San Diego Grill, Malibu Beach Grill, Texas Roadhouse, Asian Sauce Box, FlapJacks & More, along with Regal Pavilion & RPX. A weekly farmers market is also nearby. Approximately 20 minutes to the beach, including the World's Most Famous Beach, where at low tide the shoreline expands nearly the length of a football field ideal for driving on the beach, biking, recreation, jogging and enjoying expansive seaside recreation. Centrally one hour to Orlando and St. Augustine, and 3. 5 hours to Fort Lauderdale, making this an exceptional location for full-time and seasonal living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$275,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $220,000 | $220,000 | $220,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.307% | 6.419% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,284 | $1,355 | $1,783 |
| Total Monthly Payment | $1,359 | $1,430 | $1,858 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.