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Presented by
Linda O'Hara - Linda's Team |
Two acre multifamily lakefront property on Lake Ola, located minutes from Historic Downtown Mount Dora. The property includes approximately 120 feet of lake frontage and a covered dock completed in 2020. Offered furnished, and currently operating as a vacation rental. Buyer to verify all short term rental regulations, zoning, and allowable uses.
The property includes four buildings, one of which is a duplex, for a total of five independent living units. Recent updates include roofs replaced in January 2022 and repiping completed in 2019. Each residence includes its own washer and dryer.
Lakey Daze Cottage is the largest home with a two car garage, oversized driveway, a 30 amp hookup, and an area suitable for boat or RV parking. The layout includes three bedrooms and two bathrooms on the main floor, plus two additional rooms and a full bathroom in the upper loft.
Firefly Cottage is a two bedroom, two bathroom home with a one car garage that is under air and currently used as a bonus space. The Sunrise and Sunset duplex offers two separate units, each with two bedrooms and one bathroom. Rockin Fish Camp Cottage is a one bedroom, one bathroom residence with direct lake views.
A video walkthrough is available and includes an overview of each home on the property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.209.7044
Linda.OHara@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.223% | 6.164% |
| Monthly Tax Payment | $1,547 | $1,547 | $1,547 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,870 | $9,236 | $12,827 |
| Total Monthly Payment | $10,542 | $10,908 | $14,499 |
* 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.