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Rare opportunity to own a . 46-acre wooded vacant lot in the desirable Inverness Highlands neighborhood — a perfect canvas for your next build. This sizeable parcel can be subdivided into two separate lots, allowing you to build two homes (subject to local approval and platting) and maximize your investment potential. The property’s mature trees and natural setting offer privacy and shade, while still being close to community amenities.
Property Highlights
Lot Size: 0. 46 acres (approximately half an acre)
Wooded parcel: Natural tree cover ideal for privacy and design flexibility
Potential to subdivide: Can be split into two buildable lots (verify with Citrus County planning)
Location: Quiet residential area with easy access to parks, Withlacoochee State Trail, lakes, schools, shopping, and dining
Utilities & Water
Water: Well required — there is no public water currently connected to the lot. A private well will be needed for residential builds.
Sewer: Septic system required (no public sewer)
Electric: Electrical service is available nearby and can be brought to the site.
(Note: Public water infrastructure continues to expand in the area, but at this time this parcel does not have public water. )
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Our Executive Mortgage Banker:
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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 | $24,800 | $24,800 | $24,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.156% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $141 | $149 | $201 |
| Total Monthly Payment | $216 | $224 | $276 |
* 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.