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***SELLER IS OFFERING A $15, 000 CONCESSION TO THE BUYER WITH A FULL PRICE CONTRACT*** HOME IS PRICED TO SELL! Experience the perfect blend of LUXURY LAKEFRONT LIVING in a RURAL GATED 40 HOME INTIMATE, ENCLAVE COMMUNITY surrounded by a LAKE ON ALL SIDES. Welcome to 12706 Magnolia Bay Blvd in the HIGHLY SOUGHT after CLERMONT with ROLLING HILLS and NUMEROUS LAKES in South Lake county. Lake county is known for having some of the lowest property taxes in Central FL. This 4 bedroom 3 full bath, CUSTOM BUILT, two-story POOL HOME offers a blend of comfort and recreational opportunities, all set on an expansive . 92-ACRE OVERSIZED LOT WITH MATURE OAK TREES, FIVE MILES TO ORANGE COUNTY and the turnpike. The established and upscale Magnolia Bay has a PRIVATE COMMUNITY BOAT DOCK for launching boats, access to Johns Lake, a peaceful 2, 580 acre lake flowing through Lake and Orange County and is known for BASS FISHING AND WATER SPORTS. Intimate and small, all 40 homes within the community were custom built. Lake county zoning department approved for this PROPERTY IS LARGE ENOUGH TO BUILD AN ACCESSORY DWELLING for a smaller second home or a two story garage. Step through the FRENCH FRONT DOUBLE DOORS into the spacious two story foyer and be greeted by the flex living space, adorned with tasteful finishes and flooded with lots of natural light and plantation shutters, double pane windows throughout the home, installed March 2022. The main level features a FIRST FLOOR GUEST BEDROOM ENSUITE WITH BATHROOM also used as a pool bath, a seamless flow between the living, dining and family room providing ample space for both relaxation and entertainment. Upstairs discover the restful retreats of three bedrooms, the owner's suite is complete with a spa-like ensuite bathroom with a SHOWER AND GARDEN TUB, UPDATED IN 2024, linen, storage closet and two walk-in closets. Bedrooms two and three share a JACK AND JILL BATHROOM with double sinks updated in 2024. A versatile upstairs loft area offers endless possibilities as a home office, media room, or play area, ensuring every member of the family finds their perfect sanctuary. The home includes an irrigation system, septic, water softener REPLACED MARCH 2025 AND a WELL, NO WATER BILL!!! But the true gem of this property awaits outdoors on the oversized almost 1 acre lot with woods, shrubs and trees to the side and back of the home for privacy. Step out to your private oasis and lounge on the oversized back patio where endless days of sunshine, shade, breezes and relaxation await. Take a refreshing dip in the sparkling pool, or simply bask in the tranquility of your lush surroundings. The long driveway CAN ACCOMMODATE A BOAT, the home has an oversized 2-car garage with storage and epoxy floors. Parking will never be an issue for you or your guests. For those who love the outdoors, Magnolia Bay delivers unparalleled amenities. Community features include a playground, PICKLEBALL, tennis and basketball courts ensuring there's never a dull moment for residents of all ages. 10 minutes to the campus of Montverde Academy, a private college preparatory PK–12 school known for its athletic programs, with students from all over the world living on campus. Clermont has an international reputation as an ideal training spot among world class athletes. Experience lavish, outdoor living in Magnolia Bay where every day feels like a vacation, nights are filled with views of Disney fireworks and memories are waiting to be made.
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Our Executive Mortgage Banker:
Our Insurance Division:
$775,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $620,000 | $620,000 | $620,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | $362 | $362 | $362 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,868 | $4,073 | $5,149 |
Total Monthly Payment | $4,322 | $4,527 | $5,603 |
* 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.