263 Palm LANE, Clermont, FL, 34711 | $499,900

Under contract-accepting backup offers. ATTENTION: Hurricane Milton didn't touch this mammoth masonry structure ! Don't miss this rare opportunity to own a prime example of Streamline Moderne architecture that emerged during the Art Deco era in the 1930s. This is a must-see property located in the desirable Clermont Heights Neighborhood, within Clermont’s historic district. This gem offers no HOA, an oversized lot, tons of privacy and storage, fruit trees, and great views of Lake Minnehaha. Move in ready with fresh interior and exterior paint, modern plumbing and electric, updated kitchen and baths. As you enter the home, you will find a big, bright combined living and dining room with a large fireplace. The adjacent kitchen presents a clean, bright, and practical design. Two bedrooms, a laundry room and a full bath complete the main floor living space. Upstairs is your dream master suite, featuring two additional tandem rooms, a walk-in closet, and a well-appointed bath. This unique suite provides the perfect space for the Master bedroom plus a nursery, home office, home gym, theater room, bedroom, etc. From the second story suite, follow the curved staircase up to the third level to experience the roof top deck. This 24 ft X 24 ft rooftop hideaway offers open air, panoramic views of the lake and features a brand-new commercial style, tar & gravel (BUR) roof. There is plenty of storage with the garage off the kitchen and a daylight, walk out basement below. Need more? Seamlessly matching the original Streamline Moderne design, the owners have commissioned a full set of engineered plans for a detached, oversized, 2-car garage with an above guest apartment / in-law suite, plans to convert the existing garage into additional bedroom space and adding a main level deck off the back of the home. Clermont’s nickname is Choice of Champions® for good reason. Clermont is home to: the internationally known National Training Center (where numerous Olympic Medalists have trained), Lake Sumter State College, the Clermont Arts and Recreation Center (enjoy theater, gymnasium, meeting space, community pool), the South Lake Fitness Trail, the Clermont Chain of Lakes (famous for boating and world class fishing), Lake Louisa State Park, Clermont’s Waterfront Park, 5 Golf Courses, an annual Collegiate Fast Pitch Softball Tournament, triathlons, dragon boat rowing, dog parks, the South Lake Hospital, bird watching and more. Historic Downtown Clermont is a vibrant place with year-round activities: farmers market, on-site breweries, waterfront restaurants, antique shops, galleries and many cultural events. Future plans for Clermont include the Olympus Sports Complex which will have an ice rink, trail system, amphitheater, hotel, shopping and living spaces. Commuting or travelling? Easily access Tampa and Orlando via the Florida Turnpike, State Road 50 and US 27 (North-South) where attractions and employment opportunities abound. A short commute to Orlando and Tampa attractions. Like the beach? It’s less than two hours from either the Atlantic or Gulf coasts. See rocket launches from the Kennedy Space Center, cruise from Port Canaveral or Port of Tampa, fly from Orlando International or Tampa International Airport.

Features

  • Rooms: 11
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 142 x 100
  • Laundry: Electric Dryer Hookup, Inside, Laundry Room
  • Year Built: 1938
  • Garage: 1-car Oversized, Parking Pad
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,795
  • Acreage: 0.33
  • Lot Size: 142 x 100
  • Est. Taxes: $3,204
  • Lot Desc: Historic District, City Lot, Oversized Lot
  • View: City, Trees/Woods, Water
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: G5084105
  • Days on Market: 142 days
  • Website: https://www.raveis.com
    /prop/G5084105/263palmlane_clermont_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/23/2024 2:47:07 PM)
Listing courtesy of COLDWELL BANKER TONY HUBBARD REALTY   Phone: 352-394-4031

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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263 Palm LANE, Clermont, FL, 34711

$499,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $399,920 $399,920 $399,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $267 $267 $267
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,661 $2,658 $3,429
Total Monthly Payment $3,003 $3,000 $3,771

* 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.