PRICE REDUCTION. Come settle in at this tranquil custom lakefront home on the shores of the Butler Chain of Lakes in Dr. Phillips. Offering unsurpassed elegance and distinction, this home is a meticulous combination of living and entertaining. Located in the prestigious 24-hour guard gated community of Emerson Pointe in the Bay Hill community, this luxurious home offers impressive views and gorgeous sunsets overlooking Lake Chase. Warm colors, rich details and authentic charm and character reflect an eclectic mix of Mission and European architecture with modern luxuries. Displaying influences of timeless beauty with high ceilings and an extensive array of woodwork - including exposed beams, timber trusses, barrel ceiling and more - are some of the distinct features found throughout the living areas. Entering the home, you are embraced by arches outside and inside, leading to nine sets of 10-foot French doors that overlook an artfully crafted central courtyard. The stunning fountain and surrounding landscaping were designed to enhance the natural blending of indoors and outdoors and provide sunlight into the center of the house. The front guest bedroom serves as an attached casita with a full bedroom, bath and living area with its own entrance - but is also connected to the main living area. The four bedrooms are located on the main floor along with six baths, the living room, kitchen, family room, dining room, laundry, and office. Downstairs offers a gym, movie theater, full bath, storage closet and game room with a custom Sapele bar. Another amazing amenity is the studio located above the three-car garage, a perfect place for hobbies or storage. Stroll down the hallway to the main area of the home. The view is spectacularly captured by 32 feet of ten-foot-high sliding glass pocket doors overlooking the panoramic lake. The large island offers a large amount of space to entertain, and the Thermador appliances are a welcome feature of the exceptional kitchen. Continue to the dining room, office and primary bedroom and enjoy the lake view as you walk past the wall of fixed and operating French doors. The wood-covered patio ceiling and bar permit you to relax by lounging under the shade. Or, sit on the open deck by the outdoor fireplace and pool as you watch the sunsets and fireworks. The summer kitchen has been outfitted with a brand new 36-inch DCS grill and is just waiting on its new grill master. The opportunity to unwind continues from the infinity pool and spa to the dock. An extension of the indoor living space, the boat dock with wood ceilings has a boat lift and one double ski lift, enabling you to enjoy the activities of jet skiing, boating, paddle boarding, wakeboarding, or kayaking along the 13 lakes of the Butler Chain. Ideally located in Dr. Phillips, this home boasts a remarkable location with proximity to Arnold Palmer Golf Course, Restaurant Row, Orlando International Airport, and more. This is your chance to own a truly rare lakefront home with wonderful lakefront views.
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Our Executive Mortgage Banker:
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$4,850,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,880,000 | $3,880,000 | $3,880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | $2,550 | $2,550 | $2,550 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,468 | $25,814 | $34,604 |
Total Monthly Payment | $29,143 | $28,489 | $37,279 |
* 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.