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Discover the possibilities with this beautiful 5. 98-acre waterfront property (note buildable acreage) on Pelican Lake, offering a rare opportunity to create your own lakefront retreat. With no HOA and zoning that allows for a site-built residence or manufactured home, this property is ready for your vision. Existing improvements include a working well, septic system, electric service, paved driveway, private boat dock, extended pavilion, detached one-car garage, and a paved building pad, providing a solid foundation for future plans. The property is fully fenced, and the owner currently resides on-site in an RV.
Enjoy peaceful lakefront living with direct access to Pelican Lake, whether you're planning to build your dream home, establish a weekend getaway, or create a private escape surrounded by nature. Of the 5. 98 total acres, approximately 0. 24 acre is buildable, with the remaining acreage consisting of lowlands that enhance the property's natural waterfront setting. If you've been searching for a unique waterfront parcel with utilities already in place and endless potential, this property is ready to make your vision a reality.
Highlights:
* 5. 98-acre waterfront parcel on Pelican Lake
* Existing well, septic, and electric
* Private boat dock, extended pavilion, and detached one-car garage
* Paved driveway and existing paved building pad
* Fully fenced with no HOA
* Zoned for a site-built home or manufactured home
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Our Executive Mortgage Banker:
Our Insurance Division:
$140,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $112,000 | $112,000 | $112,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.640% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $671 | $707 | $930 |
| Total Monthly Payment | $746 | $782 | $1,005 |
* 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.