New Price!!! Dreams Do Come True! Just what you've been looking for and at the right price. This vacant lot on Caladium Ave, is a magnificent waterfront property located in the highly sought-after gated community of Water Ridge Subdivision in Lake Alfred, FL. Situated on a generous . 524-acre lot, this prime real estate offers an incredible opportunity to build your dream home in a serene and picturesque setting. Featuring breathtaking frontage to Lake Alfred, this property boasts a magnificent view of the shimmering waters, allowing you to indulge in a variety of water activities with a boat ramp close by or the possibility of building your own private ramp. Whether you're a boating enthusiast, love fishing, or simply enjoy the tranquility of lakeside living, this location is sure to exceed your expectations. The Water Ridge Subdivision provides a peaceful and exclusive environment for homeowners, offering a secure and private community to enjoy. Immerse yourself in the beauty of nature as you explore the meticulously maintained grounds, dotted with lush greenery and mature trees. Residents of Water Ridge also have access to a range of premium amenities, including two clubhouses, fitness center, three swimming pools, two tennis courts etc. With this size-able . 524-acre lot, you'll have plenty of space to bring your architectural visions to life and create a home tailored to your desires. Whether you envision a sprawling estate or a cozy retreat, this blank canvas eagerly awaits your imagination. Lake Alfred is renowned for its idyllic scenery, charming small-town atmosphere, and convenient access to urban amenities. Located just a short drive from major cities such as Orlando and Tampa, you can enjoy the best of both worlds—peaceful lakeside living and the excitement of metropolitan attractions. Don't miss this incredible opportunity to own a waterfront property in the serene Water Ridge Subdivision. Embrace a lifestyle filled with natural beauty, and the serenity of lakeside living. Contact us today to schedule a private viewing and begin the journey of turning your dream home into a reality.
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Our Executive Mortgage Banker:
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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 | $184,000 | $184,000 | $184,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,240 | $1,255 | $1,590 |
Total Monthly Payment | $1,315 | $1,330 | $1,665 |
* 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.