Welcome to 8575 Hempstead Way. This custom-designed waterfront Bermuda Model, built in 2023 by Medallion Homes, sits on a corner lot within the distinctive 55+ Active Living Community of Lakes of Mount Dora. The floorplan of this 3 bedroom 2. 5 bath retreat with a private office, boasts 2370 square feet of living space that is meticulously designed for those who appreciate high-end features and spacious comfort. From the moment you walk inside, you will immediately embrace this home's timeless elegance and functionality. Whether you want to cook and entertain one day in the custom gourmet kitchen, or simply enjoy your peace and privacy on another, your dream vacation finally becomes your daily lifestyle. Fluid access to the extended lanai offers an array of outdoor views to include endless breath-taking sunsets and ample space for relaxation and entertaining. This home reeks of pridefull ownership and is equipped with everything you want and need on one stylish floor. From an open-concept living space to the privacy of an accomodating master bedroom retreat, the split bedroom design gives you all the bright living space you need to do it all. There are numerous structural and design upgrades to include impact windows and 12-foot pocketing slider, a 4-foot extended two-car garage with storage shelving, a Secure View smart opener series garage door opener with built-in camera, tray ceilings in the den, dining room and master bedroom, wood-look porcelain floor tiles, an extended screened in lanai, rain gutters, 2 master bedroom walk-in custom closets, a decorator-designed framed mirrored accent wall, plantation shutters, a 74-inch electric fireplace and built-in surround sound. The Lakes of Mount Dora is more than just a community—it's a lifestyle. Residents enjoy resort-style amenities including a state-of-the-art clubhouse with a ballroom, a fitness center, and an Olympic-sized pool. There are plenty of opportunities to stay active with tennis and pickleball courts, a baseball field, bocce ball, croquet lawns, corn hole and walking trails. For those with a love for the water, the community features 4. 5 miles of interconnecting waterways, a boat dock, and even a gated RV/boat storage yard. With a low HOA fee of only $280 per month, lawn irrigation through a reclaimed water sprinkler system is provided, and high-speed internet and cable are included. In addition to all of this, you have easy access to nearby golf courses, and you are just 15 minutes away from charming Downtown Mount Dora, known for its art festivals, unique shops, and restaurants. And with easy access to Orlando’s attractions and Florida’s beautiful beaches, this location offers the perfect balance of serene living and convenience. Do not miss the opportunity to call this exceptional home your own. Make the move to The Lakes of Mount Dora, where luxury, convenience, and an active lifestyle lies ahead.
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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 | $647,999 | $647,999 | $647,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.200% | 6.748% | 6.786% |
Monthly Tax Payment | $17 | $17 | $17 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,311 | $4,149 | $5,689 |
Total Monthly Payment | $4,420 | $4,258 | $5,798 |
* 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.