This is an available 227.43 acres located with frontage on Lake Harris. The site has significant elevation changes and 1,600+/- linear feet of waterfront. The location is close to a Publix grocery located 1.4 miles away. Builders DR Horton and LGI Homes are active in communities that are almost adjacent to The Peninsula on Lake Harris. According to the property owners, the property has approximately 35 acres of wetlands with the remainder upland/usable. A wetland delineation has not been completed. Zoning and FLU allow for a density of 3 UPA. According to the property owner the site is entitled for 558 dwelling units
Access to the Orlando MSA is via SR 414 to the north side of Altamonte Springs, Casselberry, and Winter Park. SR 50 runs into downtown Orlando. The Florida Turnpike is nearby for commuters to the area south of Orlando including Kissimmee and the Disney and Universal
entertainment district. Access to the property is facilitated via Woodlea Road or Lane Park Road off of Florida Highway 19.
Tavares, FL, 32778
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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