Endless possibilities await you in Lake County - whether the dream is a future residential development, commercial rezoning, continuing farming, building an equestrian paradise, or just wanting some elbow room away from the hustle and bustle of the city: this is the perfect place to call home. This spectacular 40 +/- acre property is fully fenced, multi-fenced, and conveniently located just outside Tavares with power and water onsite. This location would be perfect for future development: imagine a local ministry, or estate home development that is within 8 minutes of Publix, 15 minutes to Downtown Mount Dora, and 15 minutes to Advent Health Waterman. Nestled next door to the million-dollar homes of Beauclair Ranch Club, this working farm is currently operating with multiple streams of income: raising cattle, producing hay, and a nearly turnkey aquaponics into hydroponic setup including koi fish. If the privacy and serenity of Old Florida are what you seek, the towering Grandfather Oaks, extended private driveway, rolling hills, and natural wildlife including fox squirrels will surely impress. While a majority is irrigated, there is also a small private pond on the property surrounded by mature bamboo, and another unique feature is the Moringa Trees which are said to carry health benefits such as anti-inflammatory qualities and anti-oxidants. Don't delay - call for all the details today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,000,000
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 | $2,400,000 | $2,400,000 | $2,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 6.977% | 7.041% |
Monthly Tax Payment | $134 | $134 | $134 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,372 | $15,766 | $21,405 |
Total Monthly Payment | $16,631 | $16,025 | $21,664 |
* 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.