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This exceptional custom estate, once featured in Southern Living, offers an unparalleled lakefront living experience. Situated on a quiet cul-de-sac in the exclusive 24-hour manned, gated community of Lake Forest, this distinguished home boasts 5 bedrooms, 4 full bathrooms, 2 half bathrooms, a state-of-the-art media room, and a large bonus room with a built-in Murphy bed system. Upon entering, you’re welcomed by a grand entrance with breathtaking views of the 55-acre lake, flowing seamlessly into the elegant living and dining areas. The chef’s kitchen features high-end built-in appliances, including a 5-burner cooktop, double ovens, built-in refrigerator, and a spacious breakfast area. Tongue-and-groove wood ceilings and walls of windows overlooking the pool and lake add warmth and charm. The family room, with soaring ceilings and a custom-built gas fireplace, creates the perfect space for entertaining. The main-floor primary suite is a private retreat with courtyard access, a fireplace, and lake views. The spa-like bath includes a dual walk-in shower and vanities. A second bedroom on the main level, with an en-suite bathroom, functions as an office. Upstairs, two staircases lead to three generously-sized bedrooms, two with walk-in closets. The fifth bedroom is currently used as a media room and the bonus room opens to a private balcony with lake views. The soundproof media room includes a 100” movie screen and projector. The exterior features a brick-paved driveway, 3-car garage with AC, firepit, and a screened lanai leading to the large pool/spa with a fully automated system and a new heater (2021). New HVAC (2023) and tile roof (2021) provide peace of mind. Lake Forest is a 24-hour guard gated resort community featuring an Olympic sized swimming pool, heated spa, kiddie pool, new playground, new tennis and pickleball courts, sand volleyball, a new basketball court, remodeled fitness room, a community clubhouse, the sprawling lake for paddle boards or kayaks and two fishing piers. Don’t wait - call your favorite REALTOR® today to schedule a showing of this incredible property!
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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 | $1,239,920 | $1,239,920 | $1,239,920 |
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% | 6.764% | 6.601% |
Monthly Tax Payment | $863 | $863 | $863 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,634 | $7,939 | $10,801 |
Total Monthly Payment | $8,622 | $8,927 | $11,789 |
* 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.