One or more photo(s) has been virtually staged. ***A neighboring home recently sold for $3, 100, 000. *** Welcome to the gated community of Lake Olivia Reserve, your next step to luxury lakefront living. Located within the sought-after Windermere region of Southwest Orange County, this 12-home-site luxury lakefront community is set on Lake Olivia. Lake Olivia is a spring-fed, sandy bottom lake, great for skiing and fishing. This lot is located at the end of the community, nestled up to a preserve, creating a quiet oasis This home is located on a cul-de-sac, making it more private than most, with only one neighbor. Since the rear of the property faces west, watch sunsets every evening from your home as they cast orange and pink skies over the lake. Additionally, the ability to add a 340 ft dock where you can access skiable Lake Olivia further enhances the waterfront experience. Please see the site boundary attachment on MLS for reference (dock is not included with the lot purchase). Bring your building plans and builder or use the sellers to bring your dreams to reality in the construction of your custom luxury lake front property. Lake Olivia Reserve truly embraces the open concept without sacrificing privacy and will be a home you will love living in. Only 10 minutes from downtown Windermere, 15 minutes from downtown Orlando and Winter Garden, and only 30 minutes from Orlando Airport and Disney attractions.
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Our Executive Mortgage Banker:
Our Insurance Division:
$680,000
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 | $544,000 | $544,000 | $544,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,665 | $3,616 | $4,588 |
Total Monthly Payment | $3,757 | $3,708 | $4,680 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.