Seller is motivated. Welcome to your WATERFRONT LUXURY home! This is a rare opportunity to own a first-floor unit and discover the epitome of lakefront living in this stunning 2Br/2Ba condo nestled within the coveted Masters Condos in Bay Hill. Immerse yourself in unobstructed views of the Lake Butler Chain of Lakes including covered boat slip with an electrical lift in your own backyard. This meticulously maintained condo boasts high-end finishes, an open and bright floor plan, and serene ambiance. The gourmet kitchen is a chef's dream, featuring stone countertops, a large island, ice maker, eat-in breakfast space, large pantry, Thermador convection oven with a warming tray, microwave and ample storage in beautiful cherry wood soft-close cabinets. Flooded with natural light, the floor plan is perfect for entertaining with an impressive built-in wet bar and refrigerator. The spacious family room features ceramic tile and massive double glass sliding doors that showcase the breathtaking waterfront views, visible from almost every room. The lake vistas continue in the primary bedroom featuring double sliding glass doors and spa-like bathroom with a beautiful double-sink vanity, a tiled shower, and an enormous walk-in closet. Experience carefree living at its finest with exterior maintenance, insurance, and structural concerns covered by the Association. With only 11 units in the renowned Masters condo community, this property won't last long. The 1-car garage includes a 220-volt electrical outlet for your electric vehicle, plus room for your golf cart. Additional parking is available in the brick-paved driveway or guest parking spaces. The iconic Lake Butler Chain of Lakes offers endless entertainment, such as boating, fishing, water sports, and more. Enjoy stunning nature views or simply relax on your private, brick-paved lanai while drinking in the breathtaking sunsets. Community dock space also available for entertaining. Enjoy the many amenities that a private Bay Hill membership offers, including golf, tennis, pickleball, a fitness center, a pool, a marina, dining rooms, lounges, meeting and banquet facilities, and numerous social and recreational events. This property is situated on a quiet cul-de-sac street yet offers unparalleled convenience, located just minutes from Universal Studios Orlando, Restaurant Row, Disney's Hollywood Studios, Volcano Bay, shopping, and much more. It's also 20 minutes to the Orlando International Airport, Disney, and downtown Orlando.
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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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $849 | $849 | $849 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,635 | $5,635 | $7,726 |
Total Monthly Payment | $6,609 | $6,609 | $8,700 |
* 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.