Property Description:
This 3-bed, 2-bath home sits on an 8,642 sq ft lot in the established Poinciana Villages community. Built in 1986 with 1,590 sq ft of living area, the property features vinyl siding, public sewer, and no history of flooding (Flood Zone X). Big-ticket systems include a 13-year-old roof, a 2009 HVAC system, and a 3-year-old water heater — all serviceable but nearing update range. Property is listed on market, but we were able to negotiate the price considerably down, so it makes sense for an investor.
🛠️ Interior needs full sprucing
The home is clean but dated, with original finishes and an aging AC unit. Paint, fixtures, and flooring updates will bring this one up to market standard, while the exterior appears in good shape. With no pool or waterfront to maintain, it’s a low-hassle flip or rental with plenty of upside. HOA is just $25/month with no approval required.
🔵 Active / Pending Listings
· 412 Short Dr (Pending) – 1,577 sq ft, 3/2, listed at $249,900 ($158/sqft) – similar size
· 462 Cart Ct (Pending) – 1,659 sq ft, 3/2, listed at $290,000 ($175/sqft) – larger footprint, cleaner
· 448 Ball Ct (Pending) – 1,200 sq ft, 3/2, listed at $217,000 ($181/sqft) – much smaller, similar condition
🔴 Recently Sold
· 362 Dundee Dr – 1,100 sq ft, 3/2, sold for $245,000 ($224/sqft) – smaller
· 228 Sorrento Rd – 1,786 sq ft, 3/2, sold for $389,900 ($218/sqft) – larger, newer, fully updated
This home is listed at just $199,800, making it the lowest price per sq ft in the area by a wide margin. With light cosmetic work and a mechanical refresh, it comfortably supports an ARV of $290K–$299K, giving flippers and landlords a strong margin in a low-entry neighborhood with stable demand.