IMPROVED PRICE — (Reduced $625, 0000: The price adjustment is generating strong interest. Acting now ensures you don’t miss out on this unique Butler Chain of Lakes opportunity. ) Welcome to 4108 Downeast Ln. , Windermere, FL 34786, a rare lakefront estate on Lake Down, part of the prestigious Butler Chain of Lakes. This exceptional property spans approximately 3. 31 total acres, including 1. 2 acres of high and dry land, with 225 feet of pristine sandy beach shoreline perfectly positioned on the west side of the property, offering breathtaking sunset views. Nestled at the end of a long, private driveway, the home provides a serene and secluded retreat. Built in 1979 by the loving family bringing it to the market today, this two-story, four-bedroom, three-bathroom home presents an incredible opportunity to embrace a lakeside lifestyle or reimagine the property to suit your vision. The first floor features an inviting open floor plan with a casual foyer, spacious family and dining areas, a kitchen, and a large Florida room that seamlessly connects to expansive outdoor entertaining spaces running the width of the home on both levels. The first-floor interior space is completed by a flex room, full bathroom, and laundry room, located between the general living area and the oversized two-car garage. Upstairs, the private retreat consists of a spacious primary suite with an en-suite bathroom and walk-in closet, two additional bedrooms with sliding glass doors opening onto the second-floor deck, a fourth bedroom, and a shared hall-entry full bathroom. Notable property features include sizable rooms within a desirable floor plan, double-pane windows, a new roof (2023), a storage shed, perfect for lake and boating gear, and a paver-covered walkway leading to Lake Down, which spans approximately 900 acres and is part of the Butler Chain of Lakes—a network of 13 interconnected lakes known for their clear waters, sandy bottoms, and luxury waterfront properties. The chain offers exceptional opportunities for boating, fishing, and water sports, with access via scenic canals and public boat ramps. Zoned for top-rated schools, including Windermere Elementary, Chain of Lakes Middle, and Olympia High School, the property is conveniently located near Apopka Vineland Road and Conroy Windermere Road, with easy access to The Vineyard shopping and dining, major highways, and Orlando’s world-renowned attractions. Whether you choose to move in or build your dream lakefront estate, this is a rare opportunity to own a slice of paradise in Windermere. Schedule your private tour today!
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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 | $1,836,000 | $1,836,000 | $1,836,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.739% | 6.686% |
Monthly Tax Payment | $645 | $645 | $645 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,305 | $11,756 | $15,994 |
Total Monthly Payment | $12,075 | $12,526 | $16,764 |
* 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.