541 1ST Avenue, Welaka, FL, 32189 | $1,450,000

Waterfront residence boasts 215' on the St. John's River plus 2 acres on one of the best streets in town! This CBS home offers sense of security & unmatched access to nature -- it sits on ~28' ridge for superior elevation & extraordinary views plus its directly across from Ocala N Forest! Includes 2 car garage, carport w workshop, detached barn w 220 AMP that can store an RV/boat, & a 115' dock w two boat lifts (2, 500 & 5, 000 lbs). For peace of mind living, there is a metal roof, impact glass, a 2023 AC, 2023 generator, 2021 WH, irrigation sys & natural gas. With panoramic windows & volume ceilings, the family room is exceptional for 180 degree river views & stunning sunsets. Enjoy 100+ year Oak canopies & wildlife like bald eagles, deer, & turkey from this observatory room. Split floor plan offers 2 primary suites for privacy-- both face the river & include dual sliders to private screened lanais overlooking firepits. A paved deck spans the length of the home for relaxing. The St. John's River is the longest river in Florida with 310 miles of rare, north flowing spring fed fresh water. This property is located directly across from 387, 000 acres of the Ocala national forest and just north of approx. 2, 300 acres of the Welaka State Forest. The Ocklawaha River and natural springs such as Silver Glen and Salt Springs are also just a short boat ride away. Welaka is a quaint town that has convenient access to St. Augustine, Jacksonville, Gainesville and Daytona. It's known as a golf cart community with gravel paths canopied with live oaks. It is home to entrepreneurs, artists, veterans, and even world-class outfitter brands, which is fitting considering the river is known as the Bass Fishing Capital of the world and Welaka means river of lakes.

Features

  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: In Garage
  • Style: Ranch
  • Year Built: 1994
  • Garage: 2-car
  • Heating: Central, Electric
  • Cooling: Central Air, Electric
  • Approx Sq. Feet: 2,040
  • Acreage: 2
  • Est. Taxes: $10,164
  • Lot Desc: Many Trees, Sprinklers In Front, Sprinklers In Rear
  • View: Protected Preserve, River, Water
  • Water Front: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • MLS#: 2065817
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/2065817/5411stavenue_welaka_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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541 1ST Avenue, Welaka, FL, 32189

$1,450,000

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 $1,160,000 $1,160,000 $1,160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.148% 6.748% 6.786%
Monthly Tax Payment $847 $847 $847
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,620 $7,428 $10,185
Total Monthly Payment $8,592 $8,400 $11,157

* 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.