540 Starr Ridge DRIVE, Lake Wales, FL, 33898 | $525,000

Under contract-accepting backup offers. • STUNNING CUSTOM-BUILT POOL HOME is perfect for the executive who needs space to entertain and/or a great place to relax with family and enjoy your own private backyard retreat. The oversized salt-water pool is 14’ X 26’ with a 34’ x 48’ screened lanai and has a covered patio area which allows you to enjoy your outside venue thru rain or sunshine. It’s the perfect place to host your next family get together or holiday celebration and/or enjoy your morning cup of coffee or evening glass of wine! The custom floor plan offers a formal living room with French Doors to the lanai, plus a family room with triple sliding glass doors that open to the lanai. The kitchen is a chef’s delight and boasts beautiful maple wood cabinets, solid surface counters with breakfast bar, center island and stainless-steel appliances. This home has transom windows allowing natural light to filter in and is bathed in cool neutral tones for additional tranquility. The inviting master bedroom suite is 13’ x 23’ with French Doors to the lanai. The en-suite luxury bathroom has a double vanity, walk-in shower, soaking tub and his and her walk-in closets. Designed with a split bedroom plan which allows for lots of privacy, you will also enjoy the added benefit of a private home office with high-speed internet available, or it could easily be converted to a 4th bedroom. Additional amenities include inside laundry, pool bath, high ceilings, crown molding, ceramic wood plank flooring, security cameras and a reverse osmosis system. You will find lots of quality and visual impact in this home. Located on a 0. 59-acre lot, uniquely positioned on a cul-de-sac, with an attached 2 car side-entry garage, a 2-car carport and plenty of driveway space. NEW ROOF in 2020, NEW HOT WATER HEATER in 2024 and NEW A/C in 2017. NO HOA and NO DEED RESTRICTIONS so you can park your RV or Boat in your driveway. Lake Wales and surrounding areas have some of the most beautiful lakes central Florida has to offer. Orlando, Tampa and Central Florida attractions and the beaches are within 1½ hours away. **MAKE SURE TO CHECK OUT THE ATTACHED 3D TOUR and AERIAL VIDEO ATTACHED TO THIS LISTING** and then call and schedule your appointment to view this AMAZING home.

Features

  • Rooms: 14
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Gas Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Style: Contemporary
  • Year Built: 1999
  • Garage: 2-car Driveway, Garage Door Opener, Garage Faces Side, Ground Level, Guest, Oversized, Workshop in Garage
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,441
  • Acreage: 0.59
  • Est. Taxes: $2,767
  • Lot Desc: Cleared, Cul-De-Sac, In County, Irregular Lot, Landscaped, Level, Oversized Lot
  • View: Pool, Trees/Woods
  • Elem. School: Spook Hill Elem
  • Middle School: Mclaughlin Middle
  • High School: Lake Wales Senior High
  • Pool: Child Safety Fence, Deck, Fiber Optic Lighting, Gunite, Heated, In Ground, Lighting, Salt Water, Screen Enclosure, Tile
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator
  • MLS#: P4931582
  • Days on Market: 44 days
  • Website: https://www.raveis.com
    /prop/P4931582/540starrridgedrive_lakewales_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 11/22/2024 3:15:23 AM)
Listing courtesy of POLK REAL ESTATE LLC   Phone: 863-679-1710

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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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540 Starr Ridge DRIVE, Lake Wales, FL, 33898

$525,000

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 $420,000 $420,000 $420,000
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 $231 $231 $231
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,794 $2,791 $3,542
Total Monthly Payment $3,117 $3,114 $3,865

* 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.