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Do you dream to live in a rural area, but close to all shopping, dining, school, restaurants, hospitals and highways?
Discover a rare opportunity to own nearly 5 acres on the scenic slopes of Sugarloaf Mountain, one of Florida’s most beautiful and sought-after locations. This expansive piece of property offers endless possibilities to design and build the home you’ve always envisioned, surrounded by breathtaking panoramic views and the natural beauty of rolling hills. This parcel boasts a brand-new well system, providing essential utilities for your future residence. Enjoy the peace and privacy of your own piece of paradise while still being just a short drive to charming local shops, dining, and convenient access to the Turnpike for easy commuting. Whether you dream of a luxurious estate, a peaceful retreat, or a custom-designed masterpiece, this property offers the perfect canvas for your vision.
Rising as the highest point in peninsular Florida, Sugarloaf Mountain is near the heart of Clermont and all the growth of Minneola. Historically known for its citrus groves, the area has seen significant development. Major national builders like Lennar, Pulte, and Tri Pointe Homes are building numerous new communities, including Lookout Ridge, Sugarloaf Ridge, Pine Ridge, and the 55+ community Del Webb Minneola, all offering a mix of single-family homes, townhomes, and luxury estates.
The development is not just limited to housing. It is supported by a significant expansion of infrastructure, including the widening and extension of roads like Hancock Road and the ongoing Wellness Way Corridor project, which is designed to improve connectivity to major areas like Winter Garden and the Disney resort area. Along with the residential boom, there is building underway for new commercial centers, including the Crooked Can and and the Minneola City Center. This development includes a new school, hospital, fire station, and a variety of retail and dining options. This intense development has given the area the nickname "Millionaires Ridge" due to the high concentration of new, multi-million dollar homes and estates, attracting affluent families seeking a blend of natural beauty, privacy, and luxury living.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$600,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $480,000 | $480,000 | $480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.296% | 6.406% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,801 | $2,955 | $3,890 |
| Total Monthly Payment | $2,893 | $3,047 | $3,982 |
* 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.