3140 Friars Cove ROAD, Saint Cloud, FL, 34772 | $4,500,000

SELLER FINANCING AVAILABLE **Multiple offers** Appraisal at $6, 000, 000 and is available upon request . . . Pass through a gated entrance & experience one of St. Cloud’s finest gems. Throughout this completely remodeled Mediterranean style home, you will find much time has been spent ensuring the utmost quality & comfort have been taken into consideration. Situated on 22. 6 acres of land with mixed land use, , just 20 miles south of Orlando. Ready to be developed. High and dry land has a mixed-use (MXD) zoning designation and a mixed-use land use classification per Osceola County. 33-minute drive to the Orlando International Airport (MCO). The community is projected to see a 4. 0% growth in population by 2025. Property is immediately south of Fontana Lakes, one of five large master-planned and mixed-use communities that make up Osceola County’s 11, 000-acre East Lake Toho element of the Comprehensive Plan. Fontana Lakes has an approved Concept Plan that also includes a marina on the cove. The marina would anchor a 248-unit condominium community. In total, the 677-acre project is entitled for 1, 752 single-family homes and 1, 200 multifamily units. . . Osceola county List of mayor developments This property is immediately south of Fontana Lakes, one of five large master-planned and mixed-use communities that make up Osceola County’s 11, 000-acre East Lake Toho element of the Comprehensive Plan. 1. Fontana Lakes has an approved Concept Plan that also includes a marina on the cove. The marina would anchor a 248-unit condominium community. In total, the 677-acre project is entitled for 1, 752 single-family homes and 1, 200 multifamily units. The project is scheduled to break ground on Phase 1 in 2022. 2. property behind mine Osceola’s nearly 6, 000-acre Green Island Ranch sold for $140M The 6, 000-acre Green Island Ranch property, SOLD to Reed Berlinsky, president of St. Cloud’s Gentry Land Company, and Wheelock Street Capital. The sprawling ranch property features 2. 5 miles of lake frontage, and it also has entitlements for a future marina. 3. First phase 2022 of Osceola’s Edgewater community to launch with 1, 125 homes BTI Partners has broken ground 2022 on the sitework and road construction for the first phase of its 1, 400-acre Edgewater community in Osceola County. BTI paid $40 million last August for the mixed-use community east of Lake Tohopekaliga The Concept Plan for Edgewater (Cross Prairie), now in development by BTI Partners, calls for boat lifts at Goblets Cove and on a canal that separates the community from BellaTera and runs into Friars CoveMinutes away from local shops, restaurants, and attractions such as Airboat Adventures, Crabby Bill's, and St. Cloud Square. Rare opportunity to acquire a 22. 68-acre parcel of land in the Osceola submarket that is zoned mixed-use. The land is centrally located within growing St. Cloud, near downtown Orlando, Walt Disney World and the region’s numerous popular destinations. The Florida Turnpike is only 1. 56 miles away. Current improvements include a single-family home constructed in 2001 with four-and-a-half baths, six bedrooms and a barn. Fully remodeled 2019! Due diligence have been completed. opportunities are endless. You could not rebuild the house for the price being asked! .

Features

  • Lot Size: Irregular
  • Lot Desc: Cleared, In County, Zoned for Horses
  • View: Trees/Woods, Water
  • Elem. School: Canoe Creek K-8
  • MLS#: O6225324
  • Days on Market: 39 days
  • Website: https://www.raveis.com
    /prop/O6225324/3140friarscoveroad_saintcloud_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 9/21/2024 4:25:56 AM)
Listing courtesy of LA ROSA REALTY CW PROPERTIES L   Phone: 407-910-2168

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3140 Friars Cove ROAD, Saint Cloud, FL, 34772

$4,500,000

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 $3,600,000 $3,600,000 $3,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.443% 6.258% 6.201%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,874 $21,874 $30,379
Total Monthly Payment $21,999 $21,999 $30,504

* 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.