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Are you looking for a charming Central Florida retreat with multi-generational living? Then 151 Pine Street in Babson Park, Florida is the perfect home for your next chapter. Discover the perfect blend of space, flexibility, and small-town charm in this impressive 5-bedroom home. Located in the peaceful, "Mayberry-esque" community of Babson Park, this property offers a rare Florida find: a functional basement designed for multi-generational living or rental potential. The interior features a modern open floor plan with cathedral ceilings and a split-bedroom layout for maximum primary suite privacy. The unique basement includes a mother-in-law suite with its own private entrance, living area, and kitchenette—ideal for extended family or as an income-generating apartment, as Webber International University is just a mile down the road.
You can also rest easy with significant recent improvements, including a newer roof and high-efficiency HVAC system (both ~3 years old), and a Westinghouse water softener system. Relax on the large 34'x11' screened-in balcony lanai, which offers elevated views of the lush landscape. With no HOA, you have the freedom to park your boat or RV on your 0. 29-acre lot, and there are two driveways to accommodate plenty of parking. This home is also nestled in a prime Central Florida location, where you can experience quiet beauty without sacrificing convenience, as you will live just minutes from the pristine, spring-fed shores of Crooked Lake, renowned for superior trophy bass fishing and boating, all while being close to first-class golf courses like the Lake Wales Country Club and just a short distance from the Lake Wales Airport.
Enjoy the proximity to top local dining like The Crooked Bass Grill and Tavern, medical care, and shopping at Publix.
Since Babson Park is centrally located, nestled along the Ridge, you are just a 1–2 hour drive from Florida’s famous east and west coast beaches. You will be just 45 minutes (36 miles) from Lakeland; 1 hour & 10 minutes (60 miles) from Orlando; and 1 hour & 10 minutes (65 miles) from Tampa. This home is USDA eligible, making it a fantastic opportunity for those seeking flexible financing options. Schedule your private tour of this unique home today.
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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 | $296,000 | $296,000 | $296,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.603% | 5.952% |
| Monthly Tax Payment | $248 | $248 | $248 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,773 | $1,869 | $2,458 |
| Total Monthly Payment | $2,096 | $2,192 | $2,781 |
* 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.