Tradewinds Trl., Orlando, FL 32805

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Awesome flip deal on 357 acre Clear Lake Canal.  This is the largest ski lake within 4 miles of downtown Orlando.  For only $204,500 you get a 1560 SF, 3bed, 2 bath block home in relatively good condition! The terrazo floors and old subway tile bathrooms appear to be in very good condition. Even the original wood cabinets are still in pretty good shape. Overall, it’s a clean house and newer A/C. Nice 2 car carport, great curb appeal. End canal lot offers a great view down the canal, which is more appealing than looking straight across to your neighbor across the canal. Prices in this neighborhood are climbing very rapidly.  Where else can you get a nice canal front home on a huge ski lake within 4 miles of downtown for anywhere close to this price? This place will not last.

This deal works as a full rehab, or a lipstick rehab to keep as a rental or AirBnB.  This is actually a great AirBnB opportunity with the lake and proximity to downtown and Disney! 

Lipstick Flip Details: $20k

• New Roof: $9,000
• Plumbing: $3,000 (has polybutylene)
• Paint: $3,300
• Clean Terrazo floors: $2,000
• new fixtures: $1,000
• misc: $1,700

Full Rehab Details: $46k

• Kitchen: $10,000
• Baths: $5000
• Roof: $9,000
• Plumbing: $3,700
• Paint: $3,300
• Floors: $5,000 (cover terrazo)
• Electrical: $2,500
• Demo pantry for open concept: $1,500
• Level driveway bricks: $2,000
• Landscaping: $1,000
• Misc: $3,000

Est. ARV: Comps put today’s ARV at $300k, but there are no canal front homes on the market, and I would not be surprised if the $300k ARV climbs to $325k very soon.

Recent Area Sales / Activity:

• 3110 Tradewinds: 3bed/2bath, 1572 SF – Sold $289k – Worse curb appeal, original bathrooms, detached carport, choppy layout, worse location on canal.
• 2709 Tradewinds: 3/2, 1494 SF – Sold 0 days, 4 months ago – Nice rehab, but 66 SF smaller, worse location on outside canal.
• 2500 Caribbean Ct: 4/2.5, 1728 SF – Sold $310k in 7 days – about 10 years outdated, with pool.
• 2921 Tradewinds: 3/2, 1724 SF – Lipstick Rehab – Sold $265k in 11 days – Original  kitchen, original bathrooms, terazzo floors, clean.