RARE LAKEFRONT DEVELOPMENT OPPORTUNITY: Spanning 34. 35 acres, this exceptional parcel boasts 1, 229 linear feet of direct lake frontage on the iconic Harris Chain of Lakes. Elevated and densely wooded, the land offers an unparalleled canvas for a private, gated luxury community, complete with multiple lakefront homes and direct access to Central Florida’s most sought-after waterways. See MLS O6243293 for additional details.
STRATEGIC LOCATION: Ideally positioned near key highway systems, including the 429, US-441, and the Florida Turnpike, this property enjoys unmatched accessibility. Just 10 miles from the Turnpike, it places future residents within quick reach of Orlando, Mount Dora, and The Villages—three of Central Florida’s fastest-growing cities. This convenient access has spurred significant development activity in the area, making this parcel a prime candidate for a high-end residential community strategically located at the nexus of Central Florida’s growth corridors.
UNMATCHED LAKEFRONT LIVING: The Harris Chain of Lakes is a renowned network of seven interconnected lakes, including Big and Little Harris, Dora, Carlton, Beauclair, Eustis, and Griffin. As part of the Florida Ocklawaha Basin, these lakes drain into the St. Johns River, flowing to the Atlantic Ocean at Jacksonville. Lake Harris is celebrated for its annual bass fishing tournaments and pristine boating conditions, attracting enthusiasts and homeowners seeking waterfront living.
PROPERTY FEATURES: The land features a gated entrance and a functional pole barn, enhancing its immediate utility and development potential. With its elevated terrain and heavily wooded setting, the property offers panoramic lakefront views, providing an exclusive and serene environment for luxury living.
EQUESTRIAN FACILITIES: Nearly 1 mile of private, wooded riding trails meander through the property, including lakefront hardwood and cypress paths—perfect for equestrian enthusiasts seeking a natural, secluded environment for riding.
ENTERTAINMENT: The property includes a private rifle and pistol range up to 150 yards, offering a unique recreational element for outdoor enthusiasts.
DEVELOPER’S DREAM: This parcel represents an extraordinary opportunity for developers to create a premier lakefront community. Its direct access to the vibrant Harris Chain of Lakes, coupled with its strategic central location, offers endless possibilities for high-end residential development.
EXCEPTIONAL LOCATION: With proximity to Orlando, Mount Dora, and The Villages, future residents will benefit from the region’s blend of tranquility and vibrant Central Florida living. The property is also conveniently situated just 75 minutes from Homosassa on the west coast, renowned for Gulf access, world-class flats fishing, and scalloping. As this area continues to experience rapid growth, this property stands poised to become a centerpiece of luxury living in Central Florida.
LUXURY ESTATE DEVELOPERS, REAL ESTATE INVESTORS, WATERFRONT ENTHUSIASTS, HIGH-NET-WORTH INDIVIDUALS SEEKING PRIVACY, SECOND-HOME OR VACATION HOME BUYERS, OUTDOOR RECREATION ENTHUSIASTS, EQUESTRIAN ENTHUSIASTS, FAMILY COMPOUND SEEKERS, AGRICULTURAL AND TIMBER INVESTORS, NATURE AND CONSERVATION ENTHUSIASTS, ECO-TOURISM DEVELOPERS - This remarkable property offers the versatility and potential to fulfill your vision for generations to come.
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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 | $5,260,000 | $5,260,000 | $5,260,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,116 | $32,387 | $46,546 |
Total Monthly Payment | $34,241 | $32,512 | $46,671 |
* 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.