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Rarely does a canvas this perfect become available in the beautiful "Old Florida" sanctuary of Montverde. This massive 1. 22-acre lot gives buyers the ultimate blank slate for your architectural vision, boasting a uniquely level topography and a coveted "High and Dry" status outside of any flood zones. Best of all, a wetlands determination confirms the entire property is buildable, giving you the full use of every square foot of your land. While the property remains in its beautiful, natural state and will require clearing, this allows you the rare opportunity to selectively preserve the mature trees that best frame your future estate. With absolutely NO HOA and no timeline to build, you have total creative freedom to bring your own builder and design the custom dream home or modern masterpiece you’ve always imagined. Positioned in an elite, quiet community of under 2, 000 residents, you are just blocks from the world-renowned Montverde Academy and a short, scenic stroll from the shores of Lake Apopka. All the heavy lifting of due diligence is already done with a survey available, and essential utilities—including gas, electricity, and water—are conveniently nearby (septic required). In a town that strictly limits density and bans commercial chains to protect its affluent, peaceful atmosphere, an acre-plus lot this level and fully usable is a "gold mine" opportunity that won't last. Secure your piece of Florida’s most intentional preservation today and build the lifestyle you deserve!
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Our Executive Mortgage Banker:
Our Insurance Division:
$350,000
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 |
|
|---|---|---|---|
| Loan Amount | $280,000 | $280,000 | $280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,634 | $1,701 | $2,269 |
| Total Monthly Payment | $1,709 | $1,776 | $2,344 |
* 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.