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Lakefront Living with Income Potential on Beautiful Lake Irma-Tucked away on the peaceful and private shores of Lake Irma, this hidden gem offers the perfect blend of tranquility, space, and lifestyle. With generous living areas inside and out, this unique property includes a spacious 1, 100-square-foot apartment featuring 2 bedrooms and 2 baths—ideal for multigenerational living, guests, long-term tenants, or short-term rental income. The apartment was most recently leased for $2, 000 per month, providing an excellent income opportunity.
Location is everything, and you'll love being just minutes from the charming downtown districts of Mount Dora and Eustis, where waterfront dining, festivals, shopping, entertainment, and everyday conveniences await. Outdoor enthusiasts will appreciate deeded access to Lake Joanna, one of Lake County's most desirable spring-fed lakes and access to Lake Maggie, as well as nearby Hidden Waters Preserve, offering scenic trails for walking, running, and nature exploration.
Recent updates include new laminate flooring throughout the main level, a roof that's only 2½ years old, and two new water heaters '24. The home is equipped with propane gas for the furnace and outdoor grilling.
Designed for entertaining, the oversized kitchen is a chef's dream, featuring a commercial refrigerator and freezer, freestanding ice maker, and abundant space for food prep, cooking and of course gathering with family and friends. Every room throughout the home is generously sized, creating a comfortable and inviting atmosphere.
Bring your boat, RV, motorcycles, and all your toys—there's plenty of parking and room to spread out. From your doorstep, enjoy easy access to the Harris Chain of Lakes and spend your days exploring waterfront restaurants by boat, cruising scenic country roads, or biking through picturesque Lake County.
Conveniently located with quick access to Daytona Beach, New Smyrna Beach, and Cocoa Beach, this exceptional property offers the best of Central Florida living. Whether you're seeking a lakefront retreat, income-producing property, or a home with room for everyone, this one-of-a-kind residence delivers endless possibilities. Quick and easy access into downtown Orlando and the Amusement Parks via the new SR 429 by the Mount Dora connector SR 453.
Hop on your boat, bike, or motorcycle and start living the Florida lifestyle you've been dreaming of today.
***Lawn is being restored-owner will sod as part of purchase agreement*** TV's in Primary and Livingroom convey.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $355 | $355 | $355 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,864 | $4,016 | $5,281 |
| Total Monthly Payment | $4,311 | $4,463 | $5,728 |
* 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.