Welcome to this Stunning, Lake Front, Custom-Built home by the multiple Award-Winning Builder Built by Waters Inc. Located in the coveted Water Ridge Community on a uniquely beautiful 0. 45 Acre Lot abutting the picturesque Lake Medora as well as a lovely pond, this home features a perfect blend of elegance, comfort and superior quality. This spacious 5 bedroom, 3 full bath, open concept home will impress you with the latest styles as well as beautiful and luxurious finishes throughout and a seamless integration of indoor-outdoor living space. Witness Breathtaking sunset views of Lake Medora through the 10 ft tall sliding glass doors of the first floor living area, from the master bedroom second floor lanai, or from the grand paver patio with outdoor kitchen, firepit and bench wall out back. Enjoy hosting guests for dinner with a state-of-the-art kitchen featuring quartz countertops, Double Stacked custom solid wood cabinets, a Waterfall Island and premium, top of the line appliances. Relax in the spacious Master Bathroom’s cedar Sauna or unwind while you soak in the free-standing tub as you gaze out the large picture window. Do not fret if you have an expansive wardrobe as the Master Bedroom has an expansive Walk-In Closet to accommodate. Dreaming of a large game room, home gym or a home theatre? Let your imagination run wild with the enormous second floor Studio Room as your canvas. Featuring windows stretching from wall to wall overlooking Lake Medora and Lake Van it sports 4 separate 15 AMP Circuits so the choice is yours. The house was designed to make smart use of space and this includes ample storage space from the High-End Custom Cabinets in the Laundry Room, the 2 Large, Air-Conditioned Equipment Storage Closets in the 3 Car Garage, the big walk-in pantry off of the Kitchen, the giant walk-in closet in the Studio Room, and the ample Attic space. As if this home was not spectacular enough on its own it also comes with a community offering great resort style amenities such as multiple tennis and pickleball court complexes, 3 pools, boat ramps, access to 3 lakes, gym facilities, boat/RV storage, community fishing docks, a beautiful club house and it is conveniently located between Tampa and Orlando off the I-4.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,245,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $996,000 | $996,000 | $996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $90 | $90 | $90 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,378 | $6,378 | $8,745 |
Total Monthly Payment | $6,593 | $6,593 | $8,960 |
* 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.