1157 Kings Cv, Orange Park, FL, 32073 | $1,600,000

This exceptional Kings Cove estate is a lifestyle and a lucrative investment. Set on nearly an acre with NO HOA or CDD fees, this property boasts a stunning main residence, two income-producing duplexes, and private boat ramp access to Doctors Lake and the St. Johns River. Luxurious Main Residence: Indulge in the Florida lifestyle with this elegant brick home, featuring a gourmet kitchen, resort-style outdoor spaces, and 4 bedrooms. Modern comforts abound, with smart home technology, hardwood floors, and surround sound. A new roof will be installed before closing, plus a $500 credit towards a new chandelier! Turnkey Income Generators: Secure your financial future with two 4-bedroom duplexes that are currently 100% occupied and generating $3, 500/month in rental income, with room for increased rents in the future. Explore the potential to maximize your investment. Live the Florida Dream: Luxurious Main Residence Resort-style outdoor living with a glass screened enclosure and Florida Sunroom fireplace. Private Owner's Retreat with spa jacuzzi bath, separate walk around shower and his and hers walk-in closets. 3 additional bedrooms perfect for a gym, office, or guest suite. Hardwood floors, home surround sound, and a large Florida room. Landscaped yard with built-in water softener, whole-house filtration. 4-car attached garage. Breathtaking morning sunrise views. Add tremendous value to your investment! Seller will cover the cost of a new roof and provide a $500 credit for you to select and install the perfect new chandelier. The Main Home also features: A Generac whole-home generator for uninterrupted power. A total home Intercom and Surround Sound System. A comprehensive Security System. A professional landscape and lighting plan. Attic flooring and lighting above both two-car garages. 5 sliding glass doors that extend the living room to the full glass enclosed Florida room, perfect for entertaining with the gas fireplace as the centerpiece. The home was originally built to accommodate a pool, making it easy to add one in the future. A private entrance to the bathroom located in the guest suite. *****Turnkey Income Generators***** Secure your financial future with two 4-bedroom duplexes. Currently 100% occupied and generating $3, 500/month in rental income Ample room for increased rents in the future. 1138 Duplex boasts a new roof and A/C units (4-5 years old). Both duplexes are on separate parcels with a private driveway and central HVAC. Explore the potential! Prime Location in Orange Park. Situated in one of the best places to live in Florida. Desirable suburban feel with highly-rated public schools. Just 0. 9 miles from the prestigious St. Johns Country Day School (K-12). Orange Park is a thriving community popular with young professionals and retirees. Endless Possibilities. Create a multi-generational family compound. Build a lucrative real estate investment portfolio. Enjoy a luxurious lifestyle with built-in income potential. Don't miss this once-in-a-lifetime opportunity. Schedule your private tour today and experience the Florida dream firsthand.

Features

  • Amenities: RV/Boat Parking
  • Bedrooms: 4
  • Baths: 4 full
  • Lot Size: 21780
  • Style: Ranch,Single Family Home
  • Year Built: 2005
  • Heating: Central
  • Cooling: Central
  • Approx Sq. Feet: 3,285
  • Acreage: 0.52
  • Lot Size: 21780
  • Est. Taxes: $5,098
  • Lot Desc: Lake View, Paved
  • Boat Access: No
  • Elem. School: MONTCLAIR
  • Middle School: LAKESIDE
  • High School: ORANGE PARK
  • MLS#: 244701
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/244701/1157kingscv_orangepark_fl?source=qrflyer
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Listing courtesy of Watson Realty Corp (US1 South)

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1157 Kings Cv, Orange Park, FL, 32073

$1,600,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,280,000 $1,280,000 $1,280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.336% 6.348% 6.201%
Monthly Tax Payment $425 $425 $425
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,881 $7,881 $10,801
Total Monthly Payment $8,431 $8,431 $11,351

* 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.