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Rare opportunity to acquire 5 private acres in Northeast Florida featuring an under-construction single-family residence. Large acreage parcels in this location are becoming increasingly scarce, especially within minutes of Palm Coast and Bunnell.
The property is ideally situated between St. Augustine and Daytona Beach with convenient access to I-95 and US-1. Approximately 10 minutes to AdventHealth Palm Coast and Flagler Executive Airport, and about 25 minutes to Flagler Beach.
Significant improvements already completed include stem foundation and block first-floor construction, a 400-foot underground power line installed to the residence, and existing horse paddocks, tool shed, and pump house/storage structure. Plans, prior permits, surveys, and engineering reports are available and transferable (buyer to verify with county).
The parcel totals approximately 217, 000 square feet (±5 acres), heavily wooded with mature trees offering privacy and flexibility for a rural estate, equestrian property, or investment resale opportunity.
Construction was halted due to owner relocation. Home is not completed. Buyer will be responsible for verifying status of permits with the county and may be required to obtain new permits and inspections to complete construction. Property is being sold strictly AS-IS.
Cash buyers only. Priced below estimated replacement cost.
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Our Executive Mortgage Banker:
Our Insurance Division:
$560,319
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 | $448,255 | $448,255 | $448,255 |
| 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 | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,652 | $2,760 | $3,633 |
| Total Monthly Payment | $2,744 | $2,852 | $3,725 |
* 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.