SELLER MOTIVATED!!!!
The perfect blend of convenience and charm with this exceptional property, located just 1. 5 miles from downtown Lakeland and scenic Lake Hollingsworth. Nestled in one of Lakeland's most desirable and rapidly growing neighborhoods, this home offers easy access to a vibrant community and a wealth of recreational opportunities.
Enjoy the array of activities available at "your own peninsula", including boating, parasailing, fishing, and jet skiing. Additionally, the property is conveniently close to renowned institutions such as Southeastern University, making it an ideal location for students and faculty alike.
One of the standout features of this location is its proximity to major cities: just an hour’s drive to Orlando and a mere 1. 5 hours to Tampa, 40 minutes to Tampa Airport, offering endless possibilities for entertainment, shopping, and cultural experiences.
More than that, a premier investment opportunity in Central Florida with this exceptional lakefront estate! Spanning over 5 acres and featuring 8 stunning lakefront lots, this property allows you to own your very own island on Lake Bonny.
The estate includes a primary home with 5 bedrooms and 3 bathrooms, a spacious guest house with over 3, 000 square feet, 3 bedrooms, and 3 bathrooms, and a detached two-story apartment building. Currently, 2 of the 3 units are generating impressive income through Airbnb and short/long-term leases, providing a solid revenue stream.
Imagine enjoying breathtaking lake views from every room of your home—this is the reality on this property. The lot has been surveyed and can accommodate up to 8 houses, offering significant potential for expansion and development.
Whether you’re seeking a luxurious residence with a profitable rental component or envisioning a larger-scale development, this property presents endless possibilities. Don’t miss out on this unique opportunity to invest in a slice of paradise on Lake Bonny!
SCHEDULE AND CHECK IT OUT !!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,449,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,159,200 | $1,159,200 | $1,159,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $691 | $691 | $691 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,519 | $7,422 | $10,258 |
Total Monthly Payment | $8,335 | $8,238 | $11,074 |
* 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.