Ideally located in the sought-after 24/7 GUARD GATED LAKEFRONT COMMUNITY of MAGNOLIA POINTE and behind a secondary gated division within the community for added exclusivity, this stunning custom home has 4-bedrooms and 3-bathrooms with an abundance of curb appeal. Sitting on a HALF-ACRE lot, the property has an enviable FENCED-IN LANDSCAPED YARD and PRIVATE SIZABLE OASIS OUTDOOR AREA with newly re-surfaced POOL and OUTDOOR KITCHEN as well as an air-conditioned CABANA. Upon arrival, an impressive entryway with double front doors opens to a welcoming foyer which allows for plenty of natural light to flood into the residence. The floorplan is well designed lending itself to a spacious feel whilst providing plenty of functional, relaxing as well as entertainment areas. To the left of the foyer is the home office (or bedroom), with custom cabinetry (including an in-built Murphy bed), wood floor and feature tray ceiling. Straight ahead is the great room with stunning gas fireplace, wet bar area and glass sliding doors framing picture perfect views of the pool area. The formal dining area with accented tray ceiling has beautiful views over the yard. At the heart of the home is a chef’s dream GOURMET KITCHEN with high-end stainless-steel appliances, heating drawer, ample cabinetry & workspaces. The sprawling central island has COUNTERTOP SEATING and opens-up to a well-proportioned family room with NEWLY UPGRADED focal tv & contemporary fireplace. The primary suite also overlooks the pool area and has a sitting area with separate patio access. This owner retreat is an expansive space with large dual entrance walk-in closet and full ensuite bathroom featuring separate vanities, a walk-in shower and whirlpool tub. There are two well-appointed bedrooms with wood floors and sizeable closet spaces. Upstairs the BONUS ROOM is a versatile space which can function as a home theater, entertainment space, dedicated playroom or even a 5th bedroom. The laundry room is generously sized and leads to the 3-CAR GARAGE with side entry and ample DRIVEWAY SPACE for cars and even your boats/jet skis to use in nearby JOHN’S LAKE. Enjoy Florida living at its finest under the covered lanai with plentiful lounge/dining space or cool down with a swim in the screened-in SPARKLING POOL (also has a pool heater). In addition to the covered full outdoor kitchen with high top seating is the CABANA which also provides a secondary living air-conditioned FLEX SPACE with a private screened-in patio area – ideal as a gym or home office! Recent notable UPGRADES INCLUDE: roof (2016), 2 new Trane HVAC units and ducting (2022), new pool heater (2022), new induction stovetop (2023), new exterior painting (2024), new pool resurfacing and tile work (2024), pool filter system (2024). With a sprinkler system, 2 ring cameras, smart lighting and set up with a security system, this property has it all! Note: there is an ASSUMABLE VA LOAN at 2. 5 available to qualifying/eligible applicants. MAGNOLIA POINTE community amenities include a boat ramp to John’s Lake, fishing pier, lighted tennis/basketball courts and playground. In close proximity to major highways, Orlando International Airport, local shopping & malls and entertainment from theme parks to nature trails and golf courses, don’t miss out on this exquisite gem, BOOK YOUR VIEWING TODAY!
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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 | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $600 | $600 | $600 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,097 | $4,966 | $6,879 |
Total Monthly Payment | $5,789 | $5,658 | $7,571 |
* 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.