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Prime 9. 87 Acres – Rare Development Opportunity in Oak Hill, Volusia County, Florida - This beautifully positioned nearly 10-acre parcel offers incredible flexibility and location on US Highway 1, Oak Hill, FL with advantages of over 659’ of US 1 exposure. Recently surveyed creating the opportunity for subdivision into two ~5-acre parcels, the property is ideal for a private estate or strategic commercial development. Presently Zoned A-2 with opportunity to be rezoned for commercial uses opening possibilities for residential, mixed-use, and/or commercial development. Gated driveway with power and fiber infrastructure is in the area. Mature trees lining US Hwy 1 provide natural privacy screening for the entire property. Partially cleared with fill material on-site, offering a perfect balance of open space and wooded areas ready for your creative development. Just ½ mile north of the Kennedy Parkway cutoff on US 1 providing direct access to the growing aerospace corridor and businesses advancing America’s space program. Location is minutes from Kennedy Space Center, Cape Canaveral, and the Merritt Island National Wildlife Refuge and bordering the pristine Mosquito Lagoon – a boater’s and angler’s paradise with exceptional fishing, kayaking, and water recreation. Experience premier birding and wildlife viewing right at your doorstep in one of Florida’s most ecologically rich areas while you enjoy spectacular rocket launches visible from the property or a short, easy commute to work in the booming space industry. Whether you’re dreaming of a spacious private residence, a family legacy property, an investment/development opportunity, or a commercial venture, this parcel delivers unmatched potential in a rapidly growing region of Southeast Volusia County. Don’t miss this rare combination of acreage, privacy, infrastructure, and proximity to Florida’s Space Coast treasures. Oak Hill, FL – Where Space, Nature, and Opportunity Meet.
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Our Executive Mortgage Banker:
Our Insurance Division:
$375,000
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 | $300,000 | $300,000 | $300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,799 | $1,872 | $2,471 |
| Total Monthly Payment | $1,874 | $1,947 | $2,546 |
* 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.