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Welcome to 1849 Abrico Drive, Unit K3, located in the highly sought-after Paradise Lakes Resort, a clothing-optional community in Lutz, Florida. This unique 2-bedroom, 2-bath condominium offers flexibility, income potential, and a lifestyle like no other.
Step inside to find a spacious main living area with soaring ceilings and a loft that overlooks the living room, creating an open and airy feel. The large primary suite provides a comfortable retreat, complete with its own private bathroom. The kitchen is equipped with stainless steel appliances, perfect for both everyday living and entertaining.
One of the standout features of this property is the lock-off / mother-in-law studio, offering a separate entrance and the ability to be used as a short- or long-term rental. Whether you're looking for additional income, guest accommodations, or a private workspace, this setup delivers incredible versatility.
Located in a gated clothing optional resort community known for its vibrant social atmosphere and amenities, this unit is ideal as a full-time residence, vacation home, or investment opportunity. The property itself is part of a condominium built in 1984 with approximately two stories and central A/C .
Important: All buyers must be approved by the Condo Association prior to closing.
Don’t miss your chance to own a piece of Paradise with built-in income potential and resort-style living!
Membership into Paradise Lakes Resort is not included in the purchase of this Condo. You are not required to purchase a membership to the club in order to purchase the Condo.
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:
$249,999
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 | $199,999 | $199,999 | $199,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $234 | $234 | $234 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,231 | $1,263 | $1,661 |
| Total Monthly Payment | $1,540 | $1,572 | $1,970 |
* 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.