Under contract-accepting backup offers. Sellers are offering a $15, 000 credit at closing with a full price offer. New screens added to lanai. Step into luxury and comfort with this stunning, Mediterranean style 5-bedroom, 3 ½ bathroom home, perfectly designed for modern living and entertaining. Nestled in the gated community of Lago Del Rey with NO CDD and low HOA fees. In the heart of Land O Lakes, this residence blends elegance, comfort and resort style amenities. This home is soon to be featured in an upcoming episode of HGTV’s House Hunters. Upon entering, you are greeted by a grand foyer and a formal living and dining area. The living room is beautifully designed with the entertainer in mind as two single doors lead to a private paved courtyard area that is perfect for after-dinner conversation and cool evenings. When you continue through the foyer, you are welcomed by a large family room that is highlighted by soaring ceilings and large sliding glass doors leading to the private pool and patio area. The chef’s kitchen is a dream, is well appointed and features a center island with vegetable sink, walk in pantry, a glass cooktop range, a built-in oven and microwave, granite countertops, and stainless-steel appliances. It will truly be the hub for all activities with additional bar seating and room for a casual dining table of six.
The home features five generously sized bedrooms with walk in closets including a luxurious first floor primary suite. The suite boasts new luxurious engineered hardwood walnut flooring, private sliding door leading to the pool deck, an exquisite steam shower, large walk- in closet for the clothing enthusiast including upscale built in shelving. To complete the first floor, a superbly placed office is located just off the garage entry and is perfect for those needing a home office that is private. With an adjacent full bathroom, this space could be utilized as a multigenerational space. Head to the second floor where the loft is the anchor for the three generously sized bedroom and a full theatre room. The loft and theatre room are a magical combination for games, sports, entertaining guests or movie nights.
The private pool and patio area is not to be overshadowed by the luxury of the indoor space. The private pool area is designed for the ultimate relaxation and indulgence. This serene retreat boasts a sparkling, crystal clear heated saltwater pool and waterfall spa promising year-round relaxation. The patio has a balance of sun-soaked lounge areas, a conveniently located ½ bath and enough shade for dining and relaxation. Numerous updates have been completed including pool resurface (2021, estimated), new ceiling fans, upstairs AC (2023), primary bedroom flooring (2023), primary closet built in shelves (2023), interior paint (2023), washer and dryer (2023), new exterior upstairs decking (2024), water heater (2024), bathroom lighting and fixtures (2024), and door hardware (2024). This home has been repositioned with a price reduction of over $90, 000 and updates of over $40, 000. ***** See Virtual tour 2 for Matterport.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $679,999 | $679,999 | $679,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.864% | 7.058% |
Monthly Tax Payment | $988 | $988 | $988 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,410 | $4,410 | $6,017 |
Total Monthly Payment | $5,490 | $5,490 | $7,097 |
* 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.