Breathtaking panoramic lake views and the seasonal scent of orange blossoms await you at this stunning multi-generational estate home on nearly 2 acres graced with mature oak trees draped in Spanish moss. The expansive main residence with a 2018 roof and 2017 HVAC features 5 bedrooms, 3. 5 baths, and over 4, 700 sq ft of inviting living space, including a finished walk-out basement. The spacious living room is a true focal point, featuring a cozy wood-burning stone fireplace beautifully framed by stained glass windows on either side. It opens to a screened porch where you can enjoy sweeping views of the private 104-acre Blue Lake, known for its crystal-clear waters and scenic beauty. Blue Lake is a local gem, ideal for fishing, water skiing, and swimming, with depths reaching approximately 54 feet. An entertainer’s delight, the upgraded kitchen is equipped with wood cabinetry, granite counters, stainless steel appliances, a wine fridge, and a butler’s pantry for extra storage and staging. Enjoy casual meals in the breakfast nook overlooking the lake, or host gatherings in the formal dining room. The finished walk-out basement offers an additional private room with a walk-in closet and full bath access, ready for you to customize to your desire. A 1, 300 sq ft detached guest house is accessible via a covered walkway and provides complete privacy, featuring its own full kitchen, bedroom, bath, laundry room, and screened porch with lake views perfect for family, guests or a tenant. With a three-car carport and a two-car garage, there’s ample storage for all your recreational equipment. Experience the serenity of rural private lakeside living with easy access to shopping, dining, and entertainment. Conveniently located in Lake Wales, you’ll enjoy central access to both Tampa and Orlando, making this unique home an opportunity you won’t want to miss!
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$685,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $548,000 | $548,000 | $548,000 |
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 | $423 | $423 | $423 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,692 | $3,642 | $4,621 |
Total Monthly Payment | $4,207 | $4,157 | $5,136 |
* 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.