Probably the finest site for a huge estate home in Orange County! No need to move almost an hour away in Montverde just to find enough land to build your private estate when this gem is minutes to Windermere and everywhere you want to be.
This highly sought-after 10-acre property in the Lake Avalon rural settlement is a declining citrus grove and sits on the highest elevation in West Orange County, which affords it incredible views in every direction.
If you build a two-story home on the property with a balcony, you can see all the way to Orlando, Windermere, and Walt Disney World nightly fireworks. There is a contract in place for reclaimed water for irrigation and a clean well on the property for drinking water. This property is just minutes from the Winter Garden Village, Windermere, Hamlin, and the 429 Expressway to Disney, Downtown Orlando, and all major shopping, restaurants, and attractions. This lot is truly a rare find, as there's nothing like it currently on the market, and there never will be again, as quality parcels of country real estate are disappearing fast. Don't miss this chance to own your perfect piece of country paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,900,000
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 | $6,320,000 | $6,320,000 | $6,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.750% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $40,468 | $40,468 | $55,054 |
Total Monthly Payment | $40,593 | $40,593 | $55,179 |
* 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.