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Like something out of a movie, two beautifully renovated historic detached homes sit on two parcels totaling approximately 1. 5 acres with residential and commercial zoning, offering a rare opportunity in the growing recreational corridor of South Bay. Each house has a distinct look different from other properties in South Florida. Unique open rooms, kitchens, bedrooms and bathrooms. There is a large surrounding walkway with an adjoining veranda which all overlook a well planted large piece of land. Fruit trees include coconut, banana, mango, papaya and several unusual tropical fruits. The entire property is strongly fenced and can be thoroughly watered from a pump house which can be automatically and economically set to nourish the eight different sectors. Nearby is a waterfall with an underlining pond of approximately 1000 gallons. Parking is more than adequate for at least 10 cars and there is an additional storage shed enclosed with the same outward log cabin look. Very large chicken coop is also present. A unique post box is at the entrance which further establishes the title of "Bears Den".
Located at 850 Old US Highway 27, just moments from the shores of legendary Lake Okeechobee—one of the most renowned freshwater fishing destinations in the United States—this unique property combines charm, versatility, and strong investment potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $446 | $446 | $446 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,772 | $4,901 | $6,717 |
| Total Monthly Payment | $5,310 | $5,439 | $7,255 |
* 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.