5360 SE 159 LANE, Summerfield, FL, 34491 | $599,000

SELLER MOTIVATED! Build your dream home, horse ranch, in the same neighborhood as the 2024 Kentucky Derby winner! NEW 200 AMP electric service WITH 50 AMP RV hookup. New 3HP commercial irrigation well and all new 4 board fencing. Embark on a unique equestrian adventure with this unparalleled opportunity to acquire a majestic plot within the newly-established Silverleaf Hills - a pristine, gated Equestrian Community that breathes sophistication and functionality for horse lovers, your dream equestrian lifestyle is within arm’s reach. Silverleaf Hills, gracefully unfolding over 765 acres, with riding bridle trails and deeded access throughout the whole community, unveils an enchanting canvas of rolling hills, crystalline spring-fed lakes, and mesmerizing views that serve as the backdrop for your equestrian endeavors. The community boasts secure gated access, meticulously paved streets, underground utilities, and sensible deed restrictions, encapsulating a harmonious blend of beauty and convenience. Your prospective 2/3 cleared property is attentively fully fenced and cross-fenced with secure no-climb and handsome 4-board fencing, providing a safe haven for your equine companions. The interior boasts three generously-sized 80'x200' arena-sized paddocks, each meticulously designed with equine no-climb and 4-board fencing to facilitate your horse's free movement and exercise. Enjoy the luxury of immediate access to crystal-clear water, courtesy of a newly-installed high-output 3HP well. The property invites you to immerse yourself in the delightful embrace of nature with majestic Granddaddy Oaks sprinkled across the landscape, while the community allows for the construction of barns prior to residences, truly reflecting its equestrian-centric vision. Positioned strategically, Silverleaf Hills offers swift connectivity to equestrian landmarks, being a mere 25-minute drive from the World Equestrian Center in Ocala, 10 minutes from the revered Florida Horse Park, and conveniently adjacent to The Villages, Florida. With entrances accessible from both US 301 and Hwy 42 and nearly 700 feet of paved road frontage, the property promises ease of access for its future owners. Within this extraordinary community, observe the rise of elegant custom homes, each echoing a narrative of luxury and style, with several currently under construction. Engage in tranquil horse rides with over the whole property's bridle path easements dedicated for your riding delight, and revel in a setting where every detail is meticulously crafted, reflecting a commitment to excellence in equestrian living. This must-see property is not just a piece of land; it is a gateway to a refined equestrian lifestyle where your vision of a perfect equestrian home can come to life amidst a community that shares your passion and sophistication. Seize this opportunity to craft a legacy of equestrian excellence at Silverleaf Hills.

Features

  • Amenities: Gated, Maintenance, Other, Trail(s)
  • Lot Size: 661 x 1075
  • HOA Fee: $538 Quarterly
  • Lot Desc: Buildable, Farm, In County, Pasture, Zoned for Horses
  • View: Garden, Trees/Woods
  • Pet Policy: Yes
  • MLS#: OM677883
  • Days on Market: 191 days
  • Website: https://www.raveis.com
    /prop/OM677883/5360se159lane_summerfield_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/22/2024 5:15:19 AM)
Listing courtesy of MAJESTIC OAKS REALTY   Phone: 352-274-6224

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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5360 SE 159 LANE, Summerfield, FL, 34491

$599,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $479,200 $479,200 $479,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,188 $3,185 $4,041
Total Monthly Payment $3,280 $3,277 $4,133

* 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.