One or more photo(s) has been virtually staged. Welcome to your Water Ridge paradise! This Key West-style two-story home with an elevator, graces THREE beautifully landscaped lots offering stunning elevated lake views. The lots must be purchased together. However, it provides the future owner the flexibility to sell the lots individually. The fully fenced property showcases premium features with over $400k in upgrades, including a metal roof, an elevator and staircase for seamless access to the 2nd floor, and a well for irrigation that cuts your water bill drastically! On the first floor you will find the primary bedroom, foyer with vaulted ceilings, office which could be used as a bedroom and guest room with travertine flooring throughout. Granite and premium stone accents grace the home, extending into the spacious primary bath with dual vanities, his & her closets, walk-in shower, and a garden tub. There is also access to your backyard from the primary bedroom and the back porch from the hallway. You can explore the possibility of adding a spiral staircase to access an unfinished second-floor room that can be converted into the ultimate home theater or hangout lounge. The 2nd floor houses the main living areas and the 4th bedroom with warm wood flooring throughout. The kitchen is adorned with a breakfast bar, stone counters, and NEW stainless steel appliances. The living room, complete with a fireplace, seamlessly connects to a dining area and a screened balcony featuring a Summer Kitchen for alfresco dining while taking in the sunrise and sunset lake views that are unobstructed forever! You'll never have to worry about the bugs as this property comes with a mosquito-repellant system. With almost an acreage of total land, you have the ability to create your dream outdoor oasis if desired, and renderings are available. Lake Alfred is a private sandy bottom lake with 726 acres to explore, perfect for water skiing, fishing, and scenic boat rides. The added luxury landscaping perfects the overall appeal and vibrancy of the home, with its palm trees lining the property. This home is located inside the gated community of Water Ridge, which also has excellent amenities to offer you the luxury of resort-style living without leaving home. Amenities include a stunning lakefront clubhouse, pickle ball, tennis, and basketball courts, 3 private community pools, tennis courts, a fitness center, a sauna, walking trails, 3 fishing docks, access to 2 PRIVATE boat ramps, and assigned boat storage. Less than 30 minutes from Tampa & Orlando, you can enjoy a luxury lifestyle while still being centrally located to top Florida cities right from the comfort of your home. This move-in-ready home caters to those who truly want to live the resort-style life. Don't miss the chance to claim this extraordinary piece of paradise as your own!
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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 | $743,999 | $743,999 | $743,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.636% | 6.579% |
Monthly Tax Payment | $261 | $261 | $261 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,703 | $4,703 | $6,430 |
Total Monthly Payment | $5,056 | $5,056 | $6,783 |
* 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.