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Situated in a steadily growing rural corridor of Hernando County, this vacant residential lot offers a compelling opportunity for builders and investors seeking affordable land with strong buyer appeal. The property delivers a quiet country setting while still providing convenient access to nearby shopping, dining, and regional amenities—an increasingly desirable balance for today’s homebuyers.
The parcel supports a straightforward residential build, whether for a custom home or a spec project aimed at buyers who value space, privacy, and outdoor living. Just a short drive away, Withlacoochee River Park adds lifestyle value with approximately 400 acres of trails, natural scenery, and river access, enhancing the site’s marketability for recreation-minded buyers.
With ongoing demand for new construction in accessible rural markets, this property offers a clean entry point for builders, combining attractive lifestyle positioning with manageable development considerations and solid long-term appreciation potential. It is well-suited for those looking to add residential inventory with broad end-user appeal or secure a long-term land hold in a growing Florida market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$35,000
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 |
|
|---|---|---|---|
| Loan Amount | $28,000 | $28,000 | $28,000 |
| 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% | 6.431% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $166 | $172 | $227 |
| Total Monthly Payment | $241 | $247 | $302 |
* 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.