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.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,600,000
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 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.