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***ADJACENT LAND TO NORTH ALSO FOR SALE (7466 Vivian Lane) MLS #O6337045. ***
A generational family home sits on this expansive 36. 32 acre estate. Built in 1953, this custom-built home boasts two bedrooms and two bathrooms under 3, 170 square feet with an amply-sized indoor pool. Once through the gate and driving through the rolling landscape and a tunnel of mature trees you’ll approach this home resembling a Spanish villa, where the gated entry way takes you to the living room with cedar ceilings and a masonry fireplace.
Older structures on the property include a fenced-in basketball court, greenhouse, playset and horse stable. And there is a matching block and stucco 30'x'60' warehouse/workshop with two-car covered parking, rear and side garage doors, knotted oak rafters, bathroom with tub/shower combo (needs fully renovated) with electrical and plumbing to the entire structure. The primary bedroom features a walk-in closet (as does the second bedroom) where both bathrooms include a single vanity as well as tub and shower. Through the dining room you’ll find the kitchen with bar seating. Adjacent to the kitchen as a second wood-burning stone fireplace and indoor grill made for cooking together with guests. When not entertaining, step into the indoor pool engulfed by an abundance of natural light through the many windows and sliding glass doors. The ceiling boasts tongue and groove cedar planks and beams. There are two dressing rooms and yet another stone-built fireplace that heats the pool with pipes built into the pool’s foundation.
As you could imagine, there was a time where the family enjoyed not only this home, but the potential in this unique northwest Orlando property lies in the vast mostly cleared pastures and fields. It was a working farm back in the day with horses and cattle and currently zoned A-1 Agricultural. Swimming in the spring-fed pond was a regular activity on hot summer days.
While the home has not only a lot of history and good bones, it could use some TLC and remodeling, the potential in this property lies with the land. Build your custom-built dream home or re-establish the homestead as a farm, nursery or equestrian center. Farm animals are permitted subject to county guidelines. Custom built homes, accessory dwelling units and setbacks subject to building codes. The potential is huge for rezoning as well as for city or county government development opportunities like a community complex. Ideal for mixed-used, retail, institutional and nonprofit projects and the possibility for residential development and various real estate ventures.
Easy access to major highways, infrastructure and local amenities. Everything needed to live, shop and play is minutes away. Country-living in a great location with privacy and access to all central Florida has to offer. 20 minutes to schools, hospitals, the YMCA as well as parks, golf and other outdoor activities. DOWNTOWN ORLANDO and its amenities including professional sports, festivals and concerts among other events are a short drive. Orlando International Airport, Universal Studios, SeaWorld and Disney World are a 30-minute drive. It’s just 60 minutes to the East Coast and in just two hours you can be on the beautiful beaches of the Gulf of America!!
Prime location and great investment to buy and hold or build and develop with solid growth potential.
You don’t want to miss this rare opportunity to make this substantial plot of central Florida real estate your own!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,796,000 | $2,796,000 | $2,796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.130% | 5.984% | 5.912% |
| Monthly Tax Payment | $1,872 | $1,872 | $1,872 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,875 | $16,539 | $23,218 |
| Total Monthly Payment | $17,872 | $18,536 | $25,215 |
* 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.