Elevate your lifestyle in the exclusive Deer Island community by building your dream home on this stunning lakefront lot! With approximately 110 feet of direct frontage on picturesque Lake Dora, you'll have the ultimate waterfront retreat at your fingertips. Imagine crafting your own private boat dock and setting off for downtown Mount Dora in just five minutes by boat, or cruising to Tavares, the vibrant hub known for its waterfront dining. From your tranquil oasis on the island, you'll have unrestricted access to the best of both worlds - serene natural beauty and lively city amenities. Whether you're indulging in leisurely lakeside strolls or immersing yourself in the vibrant culture of Mount Dora and Tavares, every day promises new adventures and unforgettable experiences.
With partial clearing already in the front of the lot and no time limit to build, the possibilities are limitless. And with a survey, soil test, and the current owner's home design available to spark your creativity, you're one step closer to bringing your vision to life.
Deer Island is a 400-acre natural island surrounded by the waters of Lake Dora and Lake Beauclair, both part of the Harris Chain of Lakes. It features an awe-inspiring, privately-owned 18-hole championship golf course, which was recently names one of America’s Top 50 Public Golf Courses, and also ranks as #5 in the Top 25 Florida Courses! Homeowners are NOT required to be members of the golf course, but three types of memberships are available to residents and the public if desired. From this property, historic downtown Mount Dora is known for its charming restaurants, quaint shops and year round festivals. Additionally, Tavares, “America’s Sea Plane City, ” is approximately ten minutes away by boat. The Deer Island community is nestled in central Lake County yet only approximately 45 minutes from Orlando attractions and shopping, as well as approximately 90 minutes to Atlantic and Gulf coast beaches!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$360,000
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 | $288,000 | $288,000 | $288,000 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,940 | $1,914 | $2,429 |
Total Monthly Payment | $2,015 | $1,989 | $2,504 |
* 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.