This is truly a one-of-a-kind property that must be seen to be appreciated. With ample living space and gorgeous vistas, this home is perfect for anyone longing for relaxing lakefront living. Nestled in a nature lover's paradise, this property features a spacious backyard perfect for outdoor activities or a lakefront pool. There is a private dock and boathouse offering easy access to the expansive and picturesque Lake Pierce. Lake Wales, known as the "Crown Jewel of the Ridge", is a quaint town that offers a glimpse of Old Florida with a deep dive into the Florida of today offering many cultural opportunities and exciting local events. Located in one of the most desirable neighborhoods on Lake Pierce, residents will find themselves in close proximity to renowned attractions like Bok Tower Gardens and Legoland. The convenience of a mere one hour drive to Orlando and Tampa opens doors to limitless entertainment and business opportunities. Moreover, the allure extends beyond the immediate vicinity, offering easy access to the pristine beaches of both the east and west coasts. Embrace the serenity of lakefront living while being seamlessly connected to the vibrancy of nearby cities. Brand new A/C unit, water heater, artesian well AND roof in 2019! This is the perfect family home for entertaining with spectacular views, exquisite sunrises and mesmerizing moonscapes. Lake Pierce is a wonderful lake for fishing, cruising or enjoying the expansive beauty of the Ridge National Wildlife Refuge. This is easy lakefront living with peace and serenity at it’s finest! It won't last long!
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Our Executive Mortgage Banker:
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$499,999
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 | $399,999 | $399,999 | $399,999 |
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 | $186 | $186 | $186 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,695 | $2,659 | $3,373 |
Total Monthly Payment | $2,956 | $2,920 | $3,634 |
* 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.