This Spectacular "Harris Chain of Lakes" buildable 0. 74 acre lot has 107 feet lakefront with Panoramic Views across 7 miles of open water. This is one of the last two lots available directly on the lake. in this community, A Complete set of Architectual & Engineering Plans approved by the City of Leesburg included in the price. This is a Gated Community and has million dollar "Custom Built Homes". Deed Restrictions, City water and Sewer, Mature oak trees. Majestic Oaks is a private deed restricted Central Florida community & only minutes to the Hospital, UF Health at Leesburg & Downtown. Utilities are available. Bring your builder and walk the property. Lake Griffin is over 9, 327 acres and is the last lake in the Harris Chain. The nine lakes of the Harris Chain total approximately 76, 000 acres. Water flows into Lake Griffin through Haines Creek and exits into the Ocklawaha River flowing north through the Ocala National Forest as it winds to the St. Johns River and out to the Atlantic Ocean. Just an hour to Orlando or Ocala & minutes to The Villages. All information is believed to be correct and accurate but is not guaranteed or warranted and subject to change without notice.
A complete set of Architectural and Engineering Plans approved by the city available. The dock is in need of TLC, however, it can be repaired on the existing posts. Call for Gate code.
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William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr)
Adjustable Rate Conforming*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||7.250%||7.000%||6.375%|
|Interest Rate based on Index + Margin||8.125%|
|Annual Percentage Rate||7.932%||7.169%||6.538%|
|Monthly Tax Payment||N/A||N/A||N/A|
|H/O Insurance Payment||$92||$92||$92|
|Initial Principal & Interest Pmt||$2,920||$2,847||$3,699|
|Total Monthly Payment||$3,012||$2,939||$3,791|
* 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.