Description
This 3-bedroom, 2-bathroom manufactured home sits on a good sized, 1.2-acre lot in Lady Lake (32162), just outside The Villages. Built in 2004, the property is a double wide with 2,240 sq. ft. There is no HOA, making it ideal for buyers who own boats, RVs, or work equipment. The property needs a full cosmetic overhaul plus most mechanicals are from 2004. AC and roof will likely need to be replaced.
Rehab Scope (Estimated)
Replacement of roof, HVAC, and Water Heater (all 15+ years old/original).
Interior Cosmetics: New flooring throughout, paint, kitchen/bath modernization (cabinets, counters, fixtures).
Landscaping cleanup on the 1.2-acre parcel; check tie-downs and skirting to ensure FHA/financing compliance.
🟣 Comparable Sales
359 Ivanhoe Cir – 3/2 | 2,265 sf | Sold $258,000 ($114/sf) | 02/2024 | Condition: Good (Best size comp; confirms demand for large sq. ft. on land)
1715 Lilly Ln – 3/2 | 1,756 sf | Sold $250,000 ($142/sf) | 01/2026 | Condition: Good (Smaller home selling at the top of the range)
14090 SE 162nd Pl – 3/2 | 1,612 sf | Sold $199,900 ($124/sf) | 01/2026 | Condition: Average (Sets the price floor for smaller units)
💰 ARV Analysis
Land-owned manufactured homes near The Villages are seeing strong demand due to the lack of deed restrictions and larger lot sizes. Smaller homes (1,600-1,700 sq. ft.) in this area are consistently selling between $200,000 and $250,000. The subject property has a distinct advantage with over 2,200 sq. ft. of living space. It is not easy to comp this property, as there are no mobile home comps at all. We had to go out further milage and time wise.
Estimated ARV: $255,000 – $265,000 +/-
Projected Rent: $2,200 – $2,500/mo +/-