Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome to 815 S Lake Formosa Drive. This exquisite lakefront residence spans 3, 197 of living square feet, has 4 bedrooms and 4 bathrooms, and is located in the heart of Orlando; a historic gem that is one of just 11 homes situated along the stunning Lake Formosa. Step through the front door and find yourself greeted with an unparalleled view of Lake Formosa through the glass sliding doors that span the back wall. The living room includes a wood burning fireplace, beautifully framed by porcelain tile. Enjoy having the choice of 2 master bedrooms, both beautifully put together, and both offering exterior access to your private oasis. Walk through the kitchen, meticulously designed with white oak soft close cabinets and finished with Calcutta quartz countertops. Included is a Fisher & Paykel french door refrigerator, complemented by Fisher & Paykel's Series 9 Contemporary Series Induction Range with which you can delight in producing masterpiece after masterpiece. Journey down to the finished basement and open your mind to the possibilities, consider transforming it into a game room, or gym space - already complete with a sauna. Step out into your backyard through the french doors and soak it in. With direct lake access from your own private boat ramp and dock, the entertainment possibilities are endless. The property spans approximately one-third of an acre, with 230 feet of lake frontage, ensuring that no matter where you are, theres a distractingly good view. Look across the lake to view the Menello Museum of American Art, and the Orlando Urban Trail - putting you just a short walk away from attractions such as the Orlando Museum of Art, the Orlando Repertory Theatre, Shakespeare Theatre, the Orlando Science Center, many restaurants, The Fresh Market grocery and parks of the Loch Haven Cultural District. 815 S Lake Formosa Drive provides a unique blend of lakefront living and extraordinary accessibility to the city life that Orlando has to offer. Whether you're in the mood for a relaxing day on the lake or an inspiring visit to a museum—maybe even both—this property offers the perfect location to enjoy it all.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,399,900
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 | $1,119,920 | $1,119,920 | $1,119,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.532% | 6.723% | 6.806% |
Monthly Tax Payment | $576 | $576 | $576 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,171 | $9,833 |
Total Monthly Payment | $7,965 | $7,872 | $10,534 |
* 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.