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An exceptional development opportunity positioned less than 10 minutes from The Villages®– one of the fastest-growing master-planned communities in the nation. This 18. 48 acre parcel carries PUD R-4 Residential Mixed Use zoning and features 639' of road frontage along Rolling Acres Road– offering exceptional access and visibility. Public water and sewer are already on-site. The land itself is mostly cleared and the approved plat is transferable, meaning a buyer can move quickly from acquisition to groundbreaking. Ideal for a multifamily residential project, mixed-use retail/residential development, a townhome community, or assisted living campus. This property is located just across the street from the rapidly growing Hammock Oaks development, which is currently slated to include 724 single-family units, 300 senior living housing, 250 multi-family units, 160, 000 sqft of medical space, and 120, 000 sqft of retail space. A Walmart Neighborhood Market is also currently being developed in the area. Property comes with an approved preliminary development plan for the Rolling Acres Mixed Use Complex, featuring three development phases with 10 individual building pads, up to ±554, 550 sqft of residential potential, ±184, 850 sq ft of office/commercial space, up to 12 dwelling units per acre with a maximum building height of 45 feet, a net living area of approximately 1, 665 sqft per unit, and 20% dedicated open space totaling ±3. 70 acres. This listing is for 3 total parcels, the additional parcel numbers are 20-18-24-1105-000-02200, 20-18-24-1105-000-02101
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William Raveis Real Estate
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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 | $2,560,000 | $2,560,000 | $2,560,000 |
| 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% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,348 | $15,762 | $21,603 |
| Total Monthly Payment | $15,473 | $15,887 | $21,728 |
* 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.