Are you looking for a slice of paradise in Florida? Well, you’re in luck! Check out this charming property located at 138 Indian Creek Road, Oak Hill, FL, 32759. This mobile home, built in 1969, is currently on the market and waiting for someone to breathe new life into it. With a generous living space of 1,154 square feet and a cozy lot size of 0.21 acres, it’s the perfect canvas for your dream home.
This residence features 2 bedrooms and 2 bathrooms, making it ideal for small families or those looking to downsize. The construction is wood-framed with a vinyl exterior. However, it’s worth noting that the home is in a fixer-upper condition, so bring your toolbox and imagination! You’ll also find it situated right on a navigable canal, giving you direct access to the stunning Mosquito Lagoon and Indian River Lagoon, where fishing, boating, kayaking, and wildlife watching await.
Location, Location, Location
Living in Oak Hill means embracing the charm of a peaceful fishing community. Just a stone’s throw away from New Smyrna Beach and the Canaveral National Seashore, you’ll never run out of outdoor activities. Picture yourself enjoying the fresh air with a quick boat ride—only about 14 miles to Ponce Inlet by water! It’s a nature lover’s paradise!
The property is being sold AS-IS, which means no repairs will be made by the seller. While that might be daunting for some, it also presents an exciting opportunity to customize and renovate the space to your liking. Utilities are all set: public water, sewer, and electricity are connected, plus cable is available. The roof is shingled, and you’ll enjoy lovely views of the canal and surrounding water.
Community and Accessibility
The local school district is quite appealing too! Children would attend Indian River Elementary, New Smyrna Beach Middle, and New Smyrna Beach High. Not to mention, access to the property is simple: just head north on Hwy 1 until you reach Indian Creek Road, then take a right to find your new home.
Now, if you’re considering a getaway, you might want to explore the Indian River Lagoon Waterfront Cottages. Located just two miles north of Fort Pierce, this serene spot offers a range of accommodations including a 3-bedroom, 2-bath house with a spacious covered porch and several modern 1-bedroom cottages. Each unit comes complete with a fully furnished kitchen and a private grill—perfect for those sunny Florida evenings. Bonus? You can enjoy free amenities like ice and the use of kayaks!
The Financial Landscape
With the current real estate market in Florida, it’s worth mentioning that prices and mortgage rates have risen significantly due to the pandemic. Rates hover around 7%, which is a record high. You might find it challenging to sell your property and move into a new one without lower rates. Just a few years back, you could buy a home in Florida with an average annual income of about $59,000. Now? You’d need over $100,000. That’s nearly a 96% increase in monthly mortgage costs, making it a tough pill to swallow for many. However, the Federal Reserve is expected to lower rates in the spring, which could potentially ease the situation—but that might also lead to increased demand and rising home prices.
So, whether you’re looking to dive into the local real estate market or just dream about your future home by the water, this property at 138 Indian Creek Road certainly has a lot to offer. Don’t miss the opportunity!
For more details on the property, check out the listing here.