7123 Hidden Gem Lane, Lake Worth, FL, 33467 | $2,150,000

Opportunities like this don't come up too often, so grab a seat and your reading glasses, and let's get to it! 2 parcels for the price of one! It's truly a BOGO! Fearnley Road + 7123 Hidden Gem Lane = 3. 7 Acres of Vacant Land = BLANK CANVAS. We can all AGREE there is no more vacant land available unless you go out WEST or knock down some crack house. Well, I got the lot(s) you've been waiting for in TOWN, CLEARED, and READY TO GO! Parcels included : 00424327050320024 & 00424327050320012 The opportunities are endless! Estate Home with Guest Quarters. Nursery or Farm. To train or ride horses. Set up a business, storage, tow yard, indoor skate/surf park, hotel, duplexes, townhouses, house of worship, athletic training facility, private school, automotive/body shop, lawn business, or become a farmer with all the livestock you can fit on this land. ALL PURPOSES/USES OF THE VACANT PARCELS MUST BE CONFIRMED WITH THE CITY/COUNTY BUILDING & ZONING DEPARTMENTS. There is one thing we can all AGREE on: they aren't making any more land here in sunny South Florida. So, if you need a place to park your CASH, buying LAND in Florida is highly desirable, as it only continues to go up, just like GOLD! Factual Information = 3. 70-acre two-parcel property on a private dead-end street in Lake Worth Beach. Zoned Agricultural Residential—ideal for an estate, farm, or multi-home build. Two fenced parcels with canal frontage on the north and east sides. Includes completed architectural plans, 400-amp panel, well water, and a 60' x 120' 8-inch concrete pad for a greenhouse or grow pad. Surrounded by farms and luxury homes on smaller lots. No HOA and no restrictions. Features mature trees, breezes, and is located in the heart of city amenities. Some farm equipment and storage containers included. One of the largest privately held lots in the area—high, dry, cleared, and ready to build. Working farm with contracts available if you wish to continue operations. Gated and fenced. NO TRESPASSING. NO VIEWING THE PROPERTY WITHOUT AN APPOINTMENT. ALL VIOLATORS WILL BE REPORTED FOR TRESPASSING. CAMERAS ON PROPERTY. 24-HOUR NOTICE REQUIRED. MUST HAVE AN APPOINTMENT TO WALK THE PROPERTY.

Features

  • Zoning: AG/Residental
  • Development: PALM BEACH FARMS.
  • Lot Desc: Many Trees, Fruit Tree(s), Cleared, De-Mucked, Filled, Nursery, Onsite Water Retention
  • View: Garden, Canal, Lake
  • Water Front: Yes
  • Elem. School: South Grade
  • Middle School: Lake Worth
  • High School: Lake Worth
  • MLS#: B26033051
  • Website: https://www.raveis.com
    /prop/B26033051/7123hiddengemlane_lakeworth_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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7123 Hidden Gem Lane, Lake Worth, FL, 33467

$2,150,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,720,000 $1,720,000 $1,720,000
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 6.350% 6.361% 6.203%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,312 $10,590 $14,514
Total Monthly Payment $10,437 $10,715 $14,639

* 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.