518 Hibiscus DRIVE, Indian Lake Estates, FL, 33855 | $49,900

Under contract-accepting backup offers. This 1. 5-acre property in Indian Lake Estates offers the perfect location for your Florida dream home. The land, which is partially wooded with 300 feet of frontage and 218 feet deep, is ideal for building your estate or dividing it into three lots. Public water is available, but septic will be required, with electricity nearby. Indian Lake Estates is a gated community spanning over 7, 500 acres, offering a range of recreational activities such as fishing, boating, golf, and country club amenities. The area also includes postal, church, dining, and lakefront facilities, with an annual community fee of $328. 62 per lot. Located between a golf course and a lake, this property is just 20 miles east of Lake Wales and within an hour's drive to Orlando, the Atlantic coast, or Tampa Bay, giving you easy access to world-class attractions, shopping, and beaches. A short golf cart ride takes you to Lake Walk In Water, Polk County’s largest lake, known for its excellent bass fishing and recreational facilities. Invest now in this prime location to build your dream estate in this vibrant community.

Features

  • Amenities: Clubhouse, Fitness Center, Golf Course, Recreation Facilities
  • Lot Size: 300 x 218
  • HOA Fee: $329 Annually
  • Elem. School: Bartow Elem Academy
  • Middle School: Union Academy Magnet
  • High School: Haines City Senior High
  • Pet Policy: Yes
  • MLS#: O6256363
  • Days on Market: 12 days
  • Website: https://www.raveis.com
    /prop/O6256363/518hibiscusdrive_indianlakeestates_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 11/23/2024 9:17:07 PM)
Listing courtesy of URBAN CITY REALTY LLC   Phone: 321-948-3411

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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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Our Insurance Division:

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518 Hibiscus DRIVE, Indian Lake Estates, FL, 33855

$49,900

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 $39,920 $39,920 $39,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $266 $265 $342
Total Monthly Payment $341 $340 $417

* 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.