Lakefront Elegance That Rivals Its Setting. Living in Central Florida can feel like you’re on an extended vacation in a tropical paradise. Especially when you live in a private lakefront community with resort-style amenities to delight the senses year-round. Water Ridge was designed to capitalize on Florida’s sunny weather with three beautiful pools, four lighted tennis courts, scenic walking trails, expansive recreational field, and access to boating ramps and a variety of water activities your entire family can enjoy all year. Water Ridge is centrally located close to the best that Florida has to offer: beaches, nature preserves, cultural activities, and much more! From your custom home in Water Ridge, you can discover Florida’s amazing landscape – with activities that range from serene to thrilling. Livin' the LAKE LIFE never felt so good especially when it's in your own backyard! Whether you prefer speed boats and water skiing, or paddling quietly about in a canoe or just simply relaxing in the evenings watching the sunset, this 1/2 ACRE+ vacant land provides that and a whole lot more! Come build your new 'Staycation Dream Home' in the Award Winning resort-style community of Water Ridge! Water Ridge is perfectly positioned between 3 accessible serene lakes; Lake Van (595 acre), Lake Alfred (676 acres), and Lake Medora (695 acres) that provide a constant gentle breeze throughout the community and that makes life even more perfect for family picnics by the lake or sitting and just relaxing on your patio sipping a cold beverage. Jump in your golf cart and head over to the multi-million dollar clubhouse that features a fitness center w/ onsite fitness classes, a sauna, 2-Resort style pools w/ a spa plus a separate lap pool, 4-lighted tennis courts, walking/biking trails, volleyball, basketball, lakeside community parks, or grab your fishing pole and have fun fishing from the community pier. The perks of living in Water Ridge continues with the onsite boat and RV storage plus private community boat ramps for easy access to Lake Van and Lake Alfred. This half acre + lot is conveniently located near 2 airports and easy access to major highways allowing for a quick commute to the new Amazon Fulfillment Center, just 25 minutes away from theme park thrills and the biggest attractions in Florida, including Walt Disney World and Universal Orlando. Come and experience what everyone is talking about!
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Our Executive Mortgage Banker:
Our Insurance Division:
$220,000
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 | $176,000 | $176,000 | $176,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,171 | $1,170 | $1,484 |
Total Monthly Payment | $1,246 | $1,245 | $1,559 |
* 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.