Build your perfect home on this spacious half-acre lot in the peaceful Indian Lake Estates community, located in central Florida. This beautiful neighborhood offers a range of outdoor activities, including golf, fishing, and boating. About 20 miles east of Lake Wales, the community surrounds Lake Walk In Water, a 7, 500-acre lake known for its top-notch bass fishing. The lake features a beach, boat ramp, marina, and Florida’s longest freshwater fishing pier, complete with a pavilion offering propane grills and picnic tables, perfect for enjoying meals by the water.
The community also includes an 18-hole golf course, basketball and tennis courts, a 23, 000-square-foot clubhouse, a cafe, post office, library, fitness center, and pro shop. Nature enthusiasts will love the area’s abundant wildlife, including deer, raccoons, turkeys, turtles, cranes, and a variety of bird species.
Indian Lake Estates offers the ideal mix of tranquility and convenience, with Orlando and Disney just an hour’s drive to the north, and Tampa, Busch Gardens, and the Gulf Coast beaches a little over an hour to the west. Nearby attractions include the historic Bok Tower in Lake Wales and the Westgate River Ranch Resort, offering horseback riding, rodeos, and airboat rides, just six miles away.
Discover the beauty and charm of Indian Lake Estates, one of Polk County’s best-kept secrets. Your dream home awaits in this peaceful, vibrant community!
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Our Executive Mortgage Banker:
Our Insurance Division:
$20,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $16,000 | $16,000 | $16,000 |
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 | $108 | $109 | $138 |
Total Monthly Payment | $183 | $184 | $213 |
* 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.