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Build your dream home in the Sunshine State on this beautiful 1. 14-acre homesite located in the desirable Royal Trails community in northeast Lake County. With over an acre of land, you’ll enjoy privacy, space, and the freedom to create the Florida lifestyle you’ve been envisioning.
Royal Trails is a deed-restricted community that maintains quality and long-term value while still offering flexibility. According to the Architectural Committee guidelines, only site-built, conventional single-family residences are permitted, with a minimum of 1, 200 square feet of ground floor living area. Manufactured, modular, and mobile homes are not allowed. Zoning allows up to two horses per acre, making this an ideal setting for equestrian enthusiasts or anyone who appreciates a little extra elbow room. The HOA is just $65 per year, helping maintain the character and shared amenities of the neighborhood.
Residents enjoy access to Lake Norris, a beautiful 1, 200-acre lake perfect for fishing and kayaking, as well as Lake Marion within the community. Royal Trails also features miles of paved roads ideal for walking, biking, or jogging, along with a community park, playground, and enclosed pavilion with picnic tables where neighbors gather for events and activities throughout the year. The Florida National Scenic Trail runs through the area, offering even more opportunities to explore Florida’s natural beauty.
Located in northeast Lake County, Royal Trails offers peaceful country living while remaining convenient to Eustis, Mount Dora, and the greater Orlando area for shopping, dining, and entertainment. You’re close enough for easy access to major roadways and attractions, yet far enough to truly enjoy wide-open skies and a quieter pace of life.
Don’t miss the opportunity to drive by and experience the setting for yourself. This 1. 14-acre parcel could be the perfect place to build your next Florida home.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$85,000
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 | $68,000 | $68,000 | $68,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.156% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $386 | $407 | $547 |
| Total Monthly Payment | $461 | $482 | $622 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.