Under contract-accepting backup offers. Perched on one of the highest lots in Marion County, this home sits 85 ft above highway 225A and has a mile long vista of horse farms. This custom designed residence seamlessly combines 3460 SF of air-conditioned living area with 2741 SF of outdoor living space bestowing the owners 4-seasons of enjoyment of Florida weather. The 3-bedroom, plus office, 2. 5-bath layout is adorned with plantation shutters and tile floors throughout, providing an easy-care lifestyle. Upon entering the 30'x25'-great room, you'll be captivated by the expansive view created by the wall of windows overlooking the pool, patio and horse farms. The room features a high granite wall with a wood-burning fireplace, ceiling fans, and a convenient wet bar with an ice-maker all crowned by the vaulted ceilings; an entertainers delight. The kitchen with eat-in area, is 14' x 27', and showcases granite counters, cherry cabinets galore, and newer Kitchen-Aid appliances. A skylight brightens the large country sink and work area. The butler’s pantry with a microwave oven, warming drawer and second large sink, tops off a true chef's dream. The elegant chandelier lit dining room, spanning 21' x 14', has ample room for a large dining table plus display cabinets and sideboard. The owner’s wing combines all your daily needs. The 20' x 20'-bedroom is brightened by another wall of windows. The 12' x 19' office has 2 walls of built-in cabinets. The bath has a walk-in shower, a jacuzzi tub with sky light for star gazing and lots of cherry cabinets. The 6'x13' laundry has a sink, storage cabinets and recessed ironing board. The two tiered and screened lanai, spans approx. 50' x 40' and is a luxurious outdoor oasis for relaxation and entertainment. The upper level is roofed and tiled like the great room and capped with ceiling fans. The lower level has an in-ground pool surrounded by pavers and sports a gurgling stone waterfall. For those who enjoy dining al fresco, there is another patio nestled under huge oak trees and adorned with hanging lights. The guest wing offers a 12’ x 12' and a 12' x 13' bedroom, both feature ceiling fans and large closets. The 2-car garage includes a third overhead door for a golf cart and a generous workshop area. This residence has a new septic system, drain field and lift station. This one-of-a-kind residence is a masterpiece that combines luxurious living and rare breathtaking views overlooking Millionaires' Row.
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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 | $952,000 | $952,000 | $952,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | $470 | $470 | $470 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,175 | $5,862 | $8,424 |
Total Monthly Payment | $6,770 | $6,457 | $9,019 |
* 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.