Exceptional development opportunity in the desirable Mitchell Lakes Estates neighborhood. This 4.06-acre parcel (Folio: 30-2123-040-0020) can be subdivided into 23 lots of 7,500 SF each, ideal for single-family homes. Located near top schools, shopping, highways, and parks, the area shows strong buyer demand and rising home values. Projected sales prices range from $800K to $1M per home. Asking price is $3,000,000 with owner financing available (40% down). Rare chance to capitalize on Miami-Dade’s housing demand and build a premium residential community. Folio and site details available upon request. Development costs TBD.
Miami, FL, 33167
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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