This is a great opportunity to own land in Central Florida.

As you can see from the photos there are many homes in the neighborhood. You can look up this lot on the Highlands County Property Appraisers site: http://www.appraiser.co.highlands.fl.us/index.shtml Once on the site, just put in the address or the parcel number above.

This is a growing area with many new homes built within the last few years. The lot is zoned for a single family residence. There is NO time limit in which you have to build.

Grassy Lake: Click for Larger View of Grassy Lake This lot is only 1/2 mile from "Grassy Lake" a large 517 acre lake, known for water sking, boating and fishing. It is located just to the east of Route 27, south of the Town of Lake Placid in Highlands County. The lakefront is approximately 90% developed with primarily single-family homes. Condominiums have been built at the southern end. A series of residential finger canals extends the entire eastern side, and a trailer park is situated midway on the western side. Highlands County is known for its many lakes, including Lake Istokpoga, one of the largest lakes in the state of Florida. This lot is only 3 miles from Lake Istokpoga.

Huge Discounts: In 2005-2006 lots like this were selling for $30,000 to $45,000. The downturn in the real estate market that has affected most of the country has created buying opportunities in land that may never be seen again. This is a chance for individuals and investors to buy at market bottoms.

After the real estate boom that topped out two years ago, we are seeing the bottom of a price collapse that has reduced some land prices 60 to 80 percent. Buying land offers virually a maintainence free way to invest in real estate. Land doesn’t give you management and maintenance headaches that come with rental property. Land values have grown consistently over long periods of time in part due to the continued growth in Florida, it’s climate, beaches, and high employment growth. Don’t miss this chance to buy land at dramatically low prices. These prices may be the best we will see in our lifetimes. The amount of desirable, building lots is shrinking every year.

This property is offered at a huge $5,510 discount to what the Highlands County Tax Appraisers office has valued it, which is $16,500 for 2007. This property is also offered for Thousands Less than some of the properties that have recently sold in the area, see the recent sales below.

Payment and End of Auction Your bid is for the down payment only. If you choose to pay cash, your bid will be for $9,990, (the total purchase price). If you choose not to pay cash, at closing you will be given a mortgage for the purchase price of $9,990 (total purchase price) minus your bid amount, which is your down payment. The mortgage will be financed for 10 years at 9.5% simple interest. Your monthly payment will be determined by the amount of the down payment. For example if your bid amount is $100 your mortgaged amount will be $9,890 and your monthly payment will be $127.97 for 10 years. The winning bidder will be allowed to finance for a shorter term if they choose.

Winning bidder MUST establish contact with the us within 24 hours of the end of the auction, and provide your name, address and phone number. At the end of the auction the Buyer will pay $495.00 for closing costs, plus your downpayment, (which is your bid amount). This will hold the property until closing, which will take place within 10 days. These funds will be due within 3 days from the end of the auction. The Closing Costs include TITLE INSURANCE, WARRANTY DEED, preparing the new note and mortgage and preparation and recording of all closing documents.

There will be no hidden charges. Good luck!

Do not include the closing fee in your bid, it will be due after the auction ends.

Serious bidders only please. Do not bid if you do not intend to purchase this property.

There are no liens on this property and you will get a deed free and clear of any encumbrances or leins, with title insurance. This is your opportunity to purchase a lot in Highlands County with very little money down and Owner Financing. There will be NO PREPAYMENT PENALITY on your loan and you DO NOT have to qualify for this loan. NO Credit Check will be done.

If you have any questions about the lot or payment terms, please contact us and we will be happy to answer them 561-338-1890 Ext. 303.