Under contract-accepting backup offers. One or more photo(s) has been virtually staged. PRICED UNDER APPRAISED VALUE!! This is a great opportunity for outdoor enthusiasts, to own a slice of paradise! Nestled on close to 2 acres on beautiful Lake Bingham in Lake Mary, this lakefront retreat offers the perfect blend of serenity and opportunity, including a fully attached mother-in-law suite! With NO HOA and A-1 ZONING, there are so many possibilities!
If you’re looking to ACCOMMODATE HORSES or other livestock, the land can be easily fenced in within the road easement borders—perfect for those wanting a bit of country living right in the heart of Lake Mary.
Imagine tending to your very own fruit orchard! The property includes two avocado trees, a tangelo tree, two mango trees, a mulberry tree, and banana trees. For those with a passion for gardening or a love of fresh, homegrown produce, this property is a dream come true. Plus, there’s ample space to build a WORKSHOP for your hobbies or projects, making it a haven for creativity.
As you step inside you’ll discover 3, 522 square feet of thoughtfully designed living space. This home features 5 bedrooms and 3 bathrooms, all highlighted by architecturally striking A-frame windows that invite natural light and showcase the stunning views of Lake Bingham. The ATTACHED MOTHER-IN-LAW SUITE is a true gem, complete with its own wood-burning fireplace, cozy family room, full kitchen, and private deck access—great for guests or multi-generational living.
Recent upgrades make this home move-in ready, including a new roof, updated siding, gutters, and soffit (2021), along with brand-new decking (2023/2024). The kitchen and bathrooms have also been beautifully updated, giving it a fresh, modern feel.
Located just minutes from downtown Lake Mary, you’ll enjoy easy access to dining, shopping, and parks while still relishing the tranquility of your private retreat. If you’re ready to embrace a lifestyle filled with outdoor adventures and endless possibilities, don’t miss out—schedule your showing today!
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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 | $608,000 | $608,000 | $608,000 |
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 | $344 | $344 | $344 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,096 | $4,041 | $5,127 |
Total Monthly Payment | $4,532 | $4,477 | $5,563 |
* 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.