Property Description:
This 4,800 sq ft shell sits on a large corner lot in Lake Holden Shores, offering lake views and substantial upside potential. Originally built in 1954 and stripped down to the studs, the structure is prepped for a 4-bed, 3-bath layout (plans approved by the city) and comes with numerous high-ticket improvements already completed: new septic & drain field, dual electrical panels, and PEX plumbing ready for hookup. With an asking price of $389,000 and comps in the $550K–$800K range, there’s room for a high-margin flip or unique custom build.
🛠️ Shell Condition – Major Systems Already Installed
Interior is a blank canvas ready for layout execution. Septic and drain field were completed last week, two new electrical panels are installed, and PEX plumbing is in place with bathroom trenching already done. Five mini-split HVAC units are on-site (not installed), and drywall/tile materials are included in the sale. Roof replacement is recommended. This is a heavy lift, but many major items are already handled — a jumpstart for any experienced investor or GC.
🔵 Active / Pending Listings
(No active/pending listings shown in CMA — limited local inventory = strong resale potential)
🔴 Recently Sold
· 204 Matilda Ct – 2,500 sq ft, 3/2, sold for $800K ($320/sqft) – updated, lakefront, newer style
· 3000 Alamo Dr – 1,692 sq ft, 3/2, sold for $550K ($325/sqft) – same street, smaller, not lakefront
· 3633 MacArthur Dr – 1,491 sq ft, 3/2, sold for $496K ($333/sqft) – smaller and older, updated
This property is priced at just $405,000 — less than $85/sq ft — in a neighborhood where updated homes are selling at $320–$333/sq ft. With a completed footprint nearly double the size of all recent comps, this project supports an ARV over $750K. For investors ready to take on a shell, it’s a rare oversized play with lake views and significant headroom in a stable submarket close to downtown Orlando.