Don’t miss this unique opportunity! Purchase this beautiful, manufactured home on nearly a quarter acre of land in the serene, waterfront community of Terra Mar, located just off US 1 in Edgewater, FL. This spacious, bright 3-bedroom, 2-bath home is ideally situated near one of the two 40, 000-gallon saline swimming pools (one of which is heated year-round) and just a short stroll from the 300-foot private community fishing pier on the stunning Florida Intracoastal Waterway.
Terra Mar Village offers residents an array of amenities and recreational activities, making it perfect for outdoor enthusiasts, those seeking a strong sense of community, or anyone desiring a tranquil family home. Build lasting connections through community events, or simply relax at the large brick clubhouse featuring an outdoor pizza oven and enjoy the company of good neighbors. The community also boasts shuffleboard, bocce ball, and horseshoe courts for friendly competition. Social events are held throughout the year, promoting a warm, family-friendly atmosphere.
For boating enthusiasts, a new secure marina with covered boat lifts and slips was recently constructed, providing easy access to the Intracoastal Waterway (slip leases are still available). A community boat launch allows for stress-free start to your boating adventures. Additionally, affordable on-site RV or trailer storage is available for a minimal monthly fee. The community is a haven for wildlife lovers, with sandhill cranes, egrets, herons, ospreys, and playful dolphins and manatees frequenting the river and plentiful communal areas of Terra Mar Village.
Back at home, unwind in your spacious screened-in front porch, perfect for enjoying the pleasant Central Florida climate. Large windows fill the home with natural light, enhancing the welcoming atmosphere. Vaulted ceilings in the main living area compliment the spacious feel of the home. The generously sized kitchen features ample storage, making it ideal for family meals or entertaining guests. With both formal and casual dining areas, hosting gatherings is a breeze. The private primary bedroom suite, with its ensuite bathroom featuring a relaxing tub and separate enclosed shower, is thoughtfully separated from the other two bedrooms and bathroom, ensuring privacy. Just off the kitchen and primary suite is a nicely sized laundry room with side-by side washer and dryer, overhead shelving, and a linen closet.
Enjoy abundant storage throughout the home with three walk-in closets and a large kitchen pantry. The back deck offers a peaceful spot for grilling, overlooking a large grassy area, often frequented by the local wildlife. Situated on a unique lot just under a quarter of an acre, this property offers tremendous value and Old Florida charm.
If you’re searching for a home that blends nature, community, and tranquility, this one is for you!
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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 | $204,000 | $204,000 | $204,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $321 | $321 | $321 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,357 | $1,340 | $1,720 |
Total Monthly Payment | $1,753 | $1,736 | $2,116 |
* 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.