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Rare opportunity on the Little Trout River! This nearly 5-acre waterfront property offers over 200 feet of river frontage and incredible potential for investors, developers, or buyers seeking a private estate with income-producing possibilities.
The property is currently zoned RLD-60, allowing one home per half acre, creating the potential for approximately 10 half-acre lots if subdivided (buyer to verify). Formerly operated as a mobile home park, the property already has multiple septic systems in place and currently generates income.
Three tenant-occupied lots are currently leased (trailers are owned by tenants): • Trailer 1 - $220/month lot lease • Trailer 2 - $160/month lot lease (tenant also maintains mowing of the property) • Trailer 3 - $300/month lot lease
The property also includes two existing houses: • House 1: 3 bedrooms, 1 bath, tile flooring with carpet in bedrooms, includes stove and refrigerator • House 2: 1 bedroom, 1 bath structure that has been fully gutted and is ready for renovation
City water and sewer are located nearby, offering potential flexibility for future development (buyer to verify availability and connection requirements).
With paved road frontage, mature trees, and peaceful river views, the property offers a unique blend of natural beauty, existing income, and future development opportunity, all while remaining conveniently located within Jacksonville.
An additional opportunity exists as this parcel backs up to 5822 Trout River Blvd (MLS #2134743), which is also listed for sale by the same owner. Purchasing both properties could create even greater potential for a larger project.
The property is supported by a 120-foot free-flowing well with dual pumps to maintain strong, consistent water pressure. There are seven septic systems on site, with four currently in active use.
Whether you're looking to develop, renovate, expand rental income, or build along the river, this property offers a rare combination of waterfront land, infrastructure, and flexibility.
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Our Executive Mortgage Banker:
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$415,000
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 | $332,000 | $332,000 | $332,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $433 | $433 | $433 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,964 | $2,071 | $2,735 |
| Total Monthly Payment | $2,472 | $2,579 | $3,243 |
* 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.