5415 Banana Point DRIVE, Okahumpka, FL, 34762 | $1,700,000

One or more photo(s) has been virtually staged. Welcome to 5415 Banana Point Drive, a waterfront equestrian estate on the Harris Chain of Lakes. From sunrises over Lake Harris to breathtaking Florida sunsets over your peaceful equestrian pasture, Banana Point is a 5-acre estate, which includes 2. 5 acres of horse-grazing pasture. From the leading edge of The Villages, the estate is only 3. 9 miles east on The Villages’ Central Parkway and 45 minutes to Orlando International Airport. This estate is a beautiful home, and a wise investment in the Central Florida real estate market.
With chain-of-lakes waterfront and horse-owner necessities in one private property, Banana Point is one lucky buyer’s future trophy home.
As you approach, a grand circular driveway leads to majestic live oaks and a private entrance with a unique indoor/outdoor pond featuring a waterfall ready for Koi. Your eye will catch the hand-carved solid wood staircase and overhead pecky cypress beams nestled in two stories of glass windows.
The residence features 3 bedrooms, 3 ½ bathrooms, a newer shingle roof, and beautiful windows strategically designed to maximize the stunning lake views. The interior layout is distinctive, with bedrooms, great room, family room, kitchen, sunroom, and home office all facing the picturesque Lake Harris.
Wake up each morning to your Florida sunrise. Your spacious primary suite is located in a private wing of the home, ensuring complete privacy. Boasting picture windows, a huge walk-in closet, and a master bathroom with double vanities, a Jacuzzi soaking tub, and a walk-in shower, the master suite is a luxurious retreat. On the upper floor of the house, the two additional bedrooms are intelligently arranged, creating a quasi-separate living space. Each bedroom enjoys its own private bathroom, and lake-facing private balcony, enhancing a sense of autonomy. Step outside to the beautiful waterfront where you’ll find your private boat dock and lift.
The expansive three-car garage has a separate workshop and two other closets to use as a wine room or additional storage.
The Villages expansion of Middleton, The Villages Charter School, Eastport, and the planned world-class senior healthcare research and development Wellness Village, along with the move inland to combat the insurance crisis has reset the Banana Point real estate market.
This real estate reset of Banana Point value is just the beginning. Interested parties of 5415 Banana Point would serve their financial interest well by doing their investor and Villages’ expansion homework.
To be clear, 5415 Banana Point Drive is not priced relative to comparative properties in the secret yet sought-after Banana Point neighborhood. Those remarkable properties were last purchased years, if not decades, before The Villages expansion to Central Parkway. 5415 Banana Point Drive is priced relative to its location to The Villages’ future business marketplace along The Villages’ Central Parkway.
Seller is accepting offers at or above $1. 7M
The following links reveal the long-term growth of the area surrounding Banana Point and demonstrate that the decision to make 5415 Banana Point Drive your primary home or second home is a wise investment.
https: //www. thevillages. com/whats-new/growth/continuing-the-dream/
https: //www. dailycommercial. com/story/news/local/2021/07/27/villages-receive-help-lake-county-build-wellness-complex/5380537001/
https: //thevillageshealth. com/wp-content/uploads/2022/02/Care-Close-to-Home. pdf

Features

  • Rooms: 4
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside
  • Year Built: 1992
  • Garage: 3-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 4,880
  • Acreage: 5.14
  • Est. Taxes: $8,619
  • Elem. School: Leesburg Elementary
  • Middle School: Oak Park Middle
  • High School: Leesburg High
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener
  • MLS#: G5090496
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/G5090496/5415bananapointdrive_okahumpka_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 1/7/2025 4:47:16 PM)
Listing courtesy of Real Broker, LLC   Phone: 407-279-0038

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5415 Banana Point DRIVE, Okahumpka, FL, 34762

$1,700,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $1,360,000 $1,360,000 $1,360,000
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 7.559% 6.723% 6.847%
Monthly Tax Payment $718 $718 $718
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,821 $8,708 $11,941
Total Monthly Payment $9,664 $9,551 $12,784

* 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.