Property Description:
This 2-bed, 2-bath mobile home sits on a 5,662 sq ft lot in a quiet, 55+ community in Tavares, FL. Built in 1971 with 1,124 sq ft of living space, the property has low HOA dues of just $35/month and offers access to Lake County’s retirement-friendly surroundings and services.
🛠️ Light Rehab – Cosmetic Updates + AC Replacement Needed
The home needs a new AC unit, fresh paint, new carpet or flooring, and patching of a summer room roof leak (main roof is solid). Water heater is functioning, layout is efficient, and the structure appears sound. Whether you’re flipping or holding, this one checks the boxes for low-cost improvement and strong return potential. You also have a room that’s used for storage currently, that would make a potential 3rd bedroom.
🔵 Active / Pending Listings
· 31151 Valencia Ave – 970 sq ft, 2/2, listed at $142K – smaller home, similar
· 1007 Belmont Cir – 1,176 sq ft, 2/2, listed at $169,900 – same size range, upgraded
🔴 Recently Sold
· 1028 Capella Dr – 1,166 sq ft, 2/2, sold for $120K (May 2025) – near match, clean
· 1408 Schult Ct – 1,152 sq ft, 2/2, sold for $170K (May 2025) – same size class, strong
· 31232 Temple Ave – 1,212 sq ft, 3/2, sold as-is for $90K (Mar 2025) – larger, unrenovated
Comps are hard to come by so we had to go out a little bit to come up with 3 comps. The property on Temple was not renvated. Priced at just $55,000, this is the lowest entry point in the neighborhood by far, with a potential ARV of $140K–$150K+ after light updates.