318 Palm AVENUE, Oak Hill, FL, 32759 | $299,500

Located on 2. 7 acres in a picturesque area, this property boasts a sizeable deepwater canal allowing access to over 35 acres of the intercostal estuary. Estuaries are a beautiful place to be, a popular destination for fishing, boating, birding and hiking. Miles of beaches, flowing grasses, marshes, creeks, and streams. This salty freshwater mix is where life begins and is the nursing grounds for 75 percent of the fish we catch. Estuaries are lined with marshes and sea grasses that filter water flowing into the ocean and act as a buffer protecting us from coastal storms. Go fishing in your backyard to catch a variety of fish, including snook and tarpon, some as large as 35 pounds have been caught.
This property, approved for three single-family homes, offers a unique opportunity for a small development or the creation of your private estate. Access to the estuary's abundant amenities makes it an excellent investment for those seeking a tranquil living space or a profitable development project.

Within a 5-minute drive, you'll find a wealth of popular amenities. These include the Famous Goodrich Seafood and Oyster House, the A. C. Delbert Dewees Municipal Pier, the Seminole Rest Canoe/Kayak/Small Boat Launch into the Indian River North, Seminole Rest National Historic Site, River breeze Park, and Jimmie Vann Sunrise Park.

10-minute drive: Publix shopping center (Sit down Restaurants, Fast Food, Hardware Stores, Fast Food, Hair Cuttery, Nail Spa, Workout Anytime), Walgreens, Oak Hill Country Store, Dollar General, C's Country Diner, Banks, Churches, Self-storage facility, American Legion Post, and many other stores and shops.

Just a 20-minute drive away, you'll find yourself in the vibrant city of New Smyrna, FL, which offers the perfect balance of serene living and urban convenience.

Features

  • Lot Size: 320 x 400
  • MLS#: NS1084156
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /prop/NS1084156/318palmavenue_oakhill_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/7/2025 11:32:08 PM)
Listing courtesy of COLDWELL BANKER SURFCOAST RLTY   Phone: 386-426-6332

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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

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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318 Palm AVENUE, Oak Hill, FL, 32759

$299,500

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $239,600 $239,600 $239,600
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.995% 7.050% 6.132%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,495 $1,574 $2,006
Total Monthly Payment $1,570 $1,649 $2,081

* 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.