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Speculative Investment Opportunity – Inaccessible “Drop Lot” in Palm Coast Florida. 5 other lots in close proximity available as well! Unlock the potential of a true inaccessible drop lot located in the growing Z Section of Palm Coast. This parcel currently has no road access or utilities, making it best suited for long-term investors or speculative buyers looking to get ahead of future expansion. Situated in an area experiencing steady growth, Palm Coast continues to expand outward, with development gradually pushing into previously unbuilt sections. While future development is possible, there are no guarantees or timelines for when (or if) roads, utilities, or infrastructure will reach this specific parcel. This property is being offered strictly as a speculative investment. Buyer should be prepared to hold long-term and conduct all necessary research regarding buildability, access, zoning, wetlands, and future planning. Property Highlights: • Located in the Z Section of Palm Coast • No current road access (true drop lot) • No utilities available at this time • Buy and hold investment opportunity • Positioned in a high-growth region of Northeast Florida Important Notes: • No improvements or infrastructure currently in place • No guarantees of future development • Buyer responsible for all due diligence, including verifying zoning, access, environmental conditions, and future land use If you’re looking to invest ahead of the curve in one of Florida’s fastest-growing areas, this could be your opportunity to secure land at a low entry point with long-term upside potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,500
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 | $7,600 | $7,600 | $7,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $47 | $48 | $63 |
| Total Monthly Payment | $122 | $123 | $138 |
* 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.