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Pristine, beautiful Island on Lake Griffin. Accessible only by water, a public boat ramp allows you to access the property by watercraft in five minutes! This is the ONLY island on beautiful Lake Griffin. Just a few minutes from the famous THE VILLAGES, this property has huge potential (with re-zoning) for a water oriented 2nd or primary home, multiple unit get aways, a camp for your organization, or just a peaceful, unspoiled island retreat! Owner lives on the island with a stilted cabin with boat dock, & it has been nicely updated & is move-in ready, but this is being sold for its 'island value' as vacant land & no value is given to the cabin even though it's worth probably over $500K as-is. There simply aren't many properties like this available in Florida. Enjoy a wide variety of wildlife, including osprey, bald eagles, blue herons, anhinga, ibis, & river otters. If you've been looking for an isolated living environment or an island with many development possibilities, this is it! Lake Griffin is the 8th largest lake in Florida and is approximately seven miles long. Lake Griffin is the only Harris Chain fishery with controllable water levels because of a lock on Haines Creek with two access points that opened into the Esmeralda Marsh. It's the least developed lake along the Harris chain of lakes that have boater friendly fun. These chain of Lakes have many points of access, restaurants, parks for play and splashing, sea plane adventures and beautiful nature. These chain of lakes include: Lake Harris, Eustis, Dora, Beauclaire and Lake Griffin. Lake Griffin boasts wonderful fishing. There are two locks which control the water levels of the lake. A public boat ramp is accessible on 441 at the south end of the lake at Herlong Park.
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Our Executive Mortgage Banker:
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$2,200,000
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 | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.727% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,552 | $11,269 | $15,211 |
Total Monthly Payment | $10,677 | $11,394 | $15,336 |
* 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.