503 N Summerlin AVENUE, Orlando, FL, 32803 | $1,499,000

Discover a rare opportunity to own a unique, gated compound in the heart of the Lake Eola Heights historic district. Situated on the corner of East Amelia Street and North Summerlin Avenue, this property spans two parcels with the opportunity to turn into one large property or a great investment property with two high-end rentals. The possibilities are endless at the Summerlin/Amelia compound! Built in 2007, "Cottage Way" consists of two custom-designed structures, carefully crafted to meet the highest standards of quality and historic charm, as recognized by the National Preservation and Historic Board. The cornerstone of Cottage Way is a 2, 300-square-foot Spanish Mediterranean home, with distinctive elevation, high ceilings, and an expansive feel throughout. This home offers an array of luxurious features including a two-floor Otis elevator with a full shaft, a wood-burning fireplace, travertine tile, a custom staircase, a Sub-Zero refrigerator, and more. The second-floor balcony provides stunning views of the historic neighborhood, making this property a dream for professionals seeking an office, studio, or creative flex space. The second parcel, facing East Amelia Street, is a charming Craftsman-style home with a spacious front porch and exquisite interior woodwork. The living room centers around a wood-burning brick fireplace with a wooden mantle, creating a warm and inviting atmosphere. The home boasts a 400-square-foot wardrobe room, a luxurious master bath with a jacuzzi tub and multi-head shower, and a master suite featuring a built-in bar with a custom wine rack, sink, and fridge, leading to a versatile theater loft space. This property offers the perfect blend of luxury living and creative workspace. Don’t miss out on this exceptional opportunity—schedule your appointment today. The sellers are motivated!

Features

  • Rooms: 3
  • Bedrooms: 5
  • Baths: 2 full / 2 half
  • Lot Size: 131 x 100
  • Laundry: Inside, Laundry Room
  • Style: Key West, Mediterranean
  • Year Built: 2007
  • Garage: 2-car Driveway, Garage Door Opener, Guest, On Street
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 4,320
  • Acreage: 0.21
  • Lot Size: 131 x 100
  • Est. Taxes: $19,188
  • Elem. School: Hillcrest Elem
  • Middle School: Howard Middle
  • High School: Edgewater High
  • Pet Policy: Yes
  • Appliances: Cooktop, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: O6234002
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/O6234002/503nsummerlinavenue_orlando_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 11/12/2024 4:17:15 PM)
Listing courtesy of OLDE TOWN BROKERS INC   Phone: 407-425-5069

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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

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503 N Summerlin AVENUE, Orlando, FL, 32803

$1,499,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,199,200 $1,199,200 $1,199,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.406% 6.864% 7.058%
Monthly Tax Payment $1,599 $1,599 $1,599
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,778 $7,778 $10,612
Total Monthly Payment $9,502 $9,502 $12,336

* 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.