With over 750 feet of prime waterfront on the South Shore of picturesque Lake Fay, this exceptional property boasts two parcels totaling 12. 76 acres of coveted A1 land. A captivating scene unfolds as you follow the meandering private drive lined with majestic moss-draped oaks and fragrant citrus trees, leading to your expansive Ocala Block home with lake views.
Whether enjoying the cool breezes from the screened porch during summer or cozying up by the fire in winter, this home offers the perfect retreat for every season. Fish, swim and boat! Inside, a spacious great room welcomes you with a rock fireplace and dining area and featuring sliders opening to the screened porch and the serene vista of Lake Fay. The triple split bedrooms offer abundant space, ensuring comfort and privacy for all.
The kitchen, strategically positioned to overlook the lake, seamlessly transitions into a generous mudroom and laundry area, extending to a covered porch and carport beyond. The layout of the home is thoughtfully designed and awaits the touch of a new owner to transform it into a captivating masterpiece.
The expansive acreage presents endless possibilities, adorned with majestic Granddaddy oaks, citrus trees, and ample space for additional amenities such as a barn and pastures. Embrace the opportunity to create your own idyllic sanctuary on this exquisite canvas. Two parcels. . Parcel map DOES NOT show 10 acre parcel. parcel number is shown in listing. Property next door on both sides is fenced so you can see/walk whole property.
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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 | $480,000 | $480,000 | $480,000 |
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 | $493 | $493 | $493 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,193 | $3,190 | $4,116 |
Total Monthly Payment | $3,777 | $3,774 | $4,700 |
* 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.