Winter Park Block Home on 1.7 Acres – Lake Dawn Dr. Winter Park Sold

  • $245,000
  • 4 beds
  • 3 baths
  • 1,735 sqft

Winter Park block 4 bedroom 3 bath home on a huge 1.7 Acre lot. This house is in decent condition but will need a full rehab for maximum value, or you could do minimal updates and keep it as a rental.  Getting such a large lot in this area is extremely rare and valuable.

Partially remodeled houses nearby on standard size lots are selling in the $310k-$340k price range.  A new construction home on standard lot nearby is pending at $409k. If you do a nice modern full rehab so the house is nearly new, the extra 1 acre of land should allow you to push your ARV to $400K-$420K. The rehab would include all cosmetics, opening the kitchen floorplan, creating a larger master, and finishing 220sqft of enclosed but unfinished space.  This would put the total sqfootage at 2055sqft.  Please do your own rehab estimates and ARV estimate because this could be different depending on how far you take it.

New construction houses are built along the west boundary and they are in the process of building two homes along the back of the property line so $400k values are becoming the norm back there.  The differences, this house has a 1.7acre lot which adds a lot of value for buyers who appreciate the extra land.

The only comparable property with over an acre of land is listed at $449k and is lived in and about 15 years dated (8005 Ridge Way).

Priced well below anything else in the area

Comps:

4308 ENRIGHT CT: 4bed/2bath, 2265sqft, pool, decent rehab, sold for $335k
7744 GLENMOOR LN: 4bed/2bath, 1966sqft, no pool, new construction, standard lot, Pending at $409k
7628 LODGE POLE TRL: 3bed/2bath, 1906sqft, pool, partial rehab, sold for $310k
7688 BENT BOW TRL: 3bed/2bath, 1906sqft, pool, partial rehab, sold for $310k
8005 RIDGE WAY: 5bed/3bath, 2307sqft, pool, outdated, 1.06 Acre lot, Active at $449,900

Price:
$245,000
Address:
Lake Dawn Dr.
Winter Park, Fl 32792
Square Feet:
1,735
Lot Size:
1.68 Acre
Bedrooms:
4
Bathrooms:
3
Terms:
For Sale
Property Type:
Home
Basement:
$50,000
Const. Type:
Block
MLS #:
$369,000

Call (407) 678-0062 for more details

Property Location