7616 Spring Bay COVE, #3, Orlando, FL, 32819 | $650,000

Picture yourself enjoying your morning coffee and evening cocktails with a magnificent lakefront view. The setting of Spring Lake combined with the desirable area of Dr. Phillips makes this hidden gem the perfect retreat. Don’t miss this rare opportunity to own a piece of paradise at Spring Bay Villas, a gated enclave with a serene location with 14 private units. This elegant three-bedroom, two-bathroom custom villa welcomes you with a private entry and charming, gated courtyard. As you enter the home, you are immediately embraced by an ambiance of warmth and openness, showcasing the vaulted Tongue and Groove wood ceilings, travertine flooring on point, and custom decorative iron railings. The kitchen culinary space is highlighted by wooden cabinetry with elegant crown molding, complemented by modern stainless steel appliances and granite countertops. Above, a tray ceiling, also finished with crown molding, adds a layer of sophistication, while a distinctive brick wall infuses a touch of old-world allure. This kitchen is not just functional, but also serves as a stylish gathering place, featuring a convenient kitchen bar and a cozy nook for casual dining. The transition to the formal dining area is seamlessly facilitated by French doors, revealing a room with polished wood flooring, ready to host memorable dinners. The expansive living room adorned with a classic brick fireplace and further enhanced with decorative etched designs over the wet bar, and curved walkways is a focal point of relaxation and entertainment. Therma pane skylights are strategically placed to bathe the room in natural light creating a welcoming environment. The elevated landing area with a rod iron ladder is designed to inspire creativity. This space with its surround, offers the unique opportunity for it to be transformed into an art studio or for creative activity. Enjoy the comfort of the spacious first-floor primary suite with double-door entry, vaulted ceilings, a sitting area, walk-in closet, and lake view. The primary bath has dual sinks with granite counters, wood cabinets, and a steam walk-in tile shower with a seat. The second bedroom is also conveniently located on the first floor. The guest bath has a tile shower and a jetted tub. A spiral staircase takes you up to the third loft-style bedroom with wood flooring and an elevated view of the lake. Unwind in the appointed sitting area that leads you to the enclosed Three Seasons Patio with a lake view and Dr. Phillips skyline. These units just received a brand-new metal roof with a beautiful tile look. The serene neighborhood is surrounded by everything you can ask for, restaurants, shopping, Universal Studios, Sea World, Icon Park, Walt Disney World and so much more. With its prime location, this property offers the perfect blend of leisure, entertainment, and everyday living all while enjoying effortless comfort.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Gated, Pool
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside
  • Complex: SPRING BAY VILLAS CONDO PH 03
  • Year Built: 1985
  • Approx Sq. Feet: 1,809
  • Acreage: 0.26
  • Est. Taxes: $4,204
  • Condo Fee: $714 Monthly
  • View: Water
  • Elem. School: Dr. Phillips Elem
  • Middle School: Southwest Middle
  • High School: Dr. Phillips High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: O6238343
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/O6238343/7616springbaycove_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 9/19/2024 1:17:13 PM)
Listing courtesy of Coldwell Banker Realty   Phone: 407-647-1211

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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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7616 Spring Bay COVE, #3, Orlando, FL, 32819

$650,000

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 $520,000 $520,000 $520,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $350 $350 $350
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,160 $3,160 $4,109
Total Monthly Payment $3,602 $3,602 $4,551

* 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.