Property Description:
This 5,394 sq ft 6-bed, 5.5-bath estate home sits on a 1-acre lot in Longwood’s prestigious guard-gated Alaqua community. Built in 1988, the property features a 3-car garage, tile roof, pond and golf course views, wine cellar, exercise room, outdoor living area with lanai and built-in grill, and two fireplaces. Recent upgrades include updated plumbing, newer water heater, and three HVAC units. The home is in overall good condition but needs minor TLC to modernize finishes and maximize market value.
🛠️ Minor TLC – High-End Cosmetic Touch-Ups Needed
The property needs general cosmetic refreshing, potential kitchen/bath updates depending on buyer taste, and landscaping to elevate curb appeal. Mechanical systems are reported functional and the tile roof is a premium long-life feature.
🔴 Recently Sold
· 3044 Timpana Pt – 6,867 sq ft, 6/5, built 1988 → Sold $1,999,900 ($291/sq ft) – updated
· 2822 Tupelo Ct – 4,148 sq ft, 5/4, built 1988 → Sold $1,300,000 ($313/sq ft) – updated smaller home
· 1793 Oakbrook Dr – 5,473 sq ft, 5/6, built 1998 → Sold $1,900,000 ($347/sq ft) – updated
· 2224 Alaqua Dr – 6,621 sq ft, 5/7, built 1998 → Sold $2,375,000 ($359/sq ft) – fully renovated
🟠 Pending / Active
· 1766 Alaqua Dr (Pending) – 5,867 sq ft, 4/6, built 2009 → Pending $2,200,000 ($375/sq ft) – newer, fully updated
· 3134 Tala Loop – 4,439 sq ft, 5/7, built 1993 → Sold $1,532,800 ($345/sq ft) – smaller, updated
✅ ARV Conclusion
Based on these comps, your property at 5,394 sq ft aligns well with:
- Low-end ARV: ~$1,600,000 (using smaller updated Tupelo Ct and Tala Loop comps)
- Likely ARV: ~$1,800,000–$1,900,000 (in line with Oakbrook Dr and Timpana Pt adjusted for your lower sq ft)
- High-end ARV: ~$2,000,000+ (if fully modernized to the standard of the highest recent sales)
At an asking price of $1,439,000, this represents a solid luxury flip or light value-add opportunity with upside potential of $350K-$500K gross margin, depending on the level of upgrades and final finish quality.