Under contract-accepting backup offers. Calling all pilots, families, adventurers, or anyone looking for a large property with direct runway access. This 4. 8-acre parcel (with the ability to create multiple buildings) is located at the end of a quiet cul-de-sac in the private gated community of Grass Roots Airpark. You have the freedom to fly in and fly out in minutes without the long lines and hassles you find at every commercial airport. The parcel is one of the largest in the community and enjoys a corner location at the end of the runway. This is the only lot currently listed and ready to build your family compound. Not just for pilots, a wonderful place to raise your family. You can build your dream home (1, 800 sqft minimum) with a connected hangar, or you can rent a spot for your plane in the community hangars adjacent to the precision grass runway. There is no timeline to build, so you can buy now and take as long as you need to plan your dream home. Grass Roots Airpark is located west of Orlando, surrounded by lakes and ranches. It was developed and designed to evoke vintage feelings of the “Golden Age of Aviation”, and residents have access to a Craftsman-style clubhouse. The community feels rural, but you’ll be close to shopping & dining, with historic lakeside towns like Mt Dora, Clermont, Tavares and Leesburg just minutes away. Jump on the Turnpike in no time, with Orlando and all the theme parks about 45 mins from your front door. No other property will offer you a taxiway directly from the runway to your home. Schedule your tour of this unique property in Central Florida!
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $234,000 | $234,000 | $234,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,616 | $1,537 | $1,959 |
Total Monthly Payment | $1,691 | $1,612 | $2,034 |
* 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.