HURRICANE HELENE, MILTON! GOOD RIDDANCE! IF YOU LOVE WATERFRONT PROPERTY AND NEED NOT WORRY ABOUT STORM SURGE OR FLOODING, THIS IS THE PLACE. TWO HOMES ON ONE PROPERTY!! This is your chance to own a very unique, MINI RESORT, Lakefront oasis in the heart of Odessa. 18 minutes to TIA. Less than 10 minutes from St. Joseph's Hospital. This home is one of 3 stilted homes on a spring-fed lake in all of Florida. Boasting 87 feet of prime water-frontage, this property has been owned, maintained, and enhanced by a tradesman/craftsman for the last 25 years. This property is Nestled on the serene, spring-fed Lake Cypress this exceptionally UNIQUE property features two beautifully crafted single-family residences on your own lakefront oasis with room for a pool. As you enter the property you'll notice the audio/visual security gate and the fully fenced in yard that allows for a pool. Enter thru the electric gate and you're on vacation! The main home is elevated on stilts, allowing the lake to flow under the home. It also features a large wrap around porch for quick access to the waterfront! This main residence offers 1, 402 sq ft of living space, featuring Travertine flooring and real wood paneling which makes you feel like you're on a vacation at this waterfront retreat. The main home has 2 bedrooms, 2 bathrooms, and an open concept kitchen that overlooks the Florida room. Upon entry, the guest bedroom is located on the right which features a generously sized closet and ceiling fan while the guest bathroom is just steps away. The guest bath features a tub/shower combo with glass sliding shower doors, a wooden vanity with stone countertops, overhead lighting and a ceiling fan! The kitchen is equipped with stainless steel appliances, wood cabinetry, a breakfast bar, stone counter tops, overhead lighting and serving window to the fully enclosed Florida room. The Florida room is perfect for entertaining with its full lake front view, hurricane impact rated sliding glass door and windows, plus it's equipped with a slate Billiards pool table, Safe, dartboard, card table and its prewired for internet, TV, and surround sound. Step outside the Florida room to the deck and you can enjoy your breakfast, lunch or dinner on your bistro style porch while taking in the views of Cypress Lake. The master suite is fit for a king. It's equipped with an ensuite that offers a Kraftmaid wooden vanity, stone counters, walk in shower with glass shower door and a ceiling fan too! Wake up and enjoy the lake front views thru the triple sliding glass door or enjoy your privacy simply by lowering the mounted shade in your master suite! The recently remodeled guest house, spanning 994sq ft, is currently a profitable Airbnb rental generating $350 per night. The guest home is fully handicap accessible, featuring new carpet and tile flooring, a raised range, raised dishwasher, and cooktop, along with a breakfast bar and lakefront views. It has 2 bedrooms with large closets fitted with organizers and a fully tiled bathroom with a roll/walk-in handicap shower and raised commode with safety bars. Adjacent to the guest home is the 1-car garage, already fitted with a walk-in shower, commode, and a laundry area with two sets of laundry machines, plus a brand new Mini Split A/C and heat system. This additional unit could easily be converted into caretaker's quarters with the addition of a cooktop, a few cabinets, and a sink. CONTINUED. . .
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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 | $797,600 | $797,600 | $797,600 |
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 | $355 | $355 | $355 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,107 | $5,107 | $7,003 |
Total Monthly Payment | $5,554 | $5,554 | $7,450 |
* 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.