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1861 HEART LAKE DRIVE

House Active With Contract
$175,000

BTC: 2.82440284

ETH: 100.22909507

6 days
3 bds
2 ba
1,444 sqft

Overview

Under contract-accepting backup offers. Short Sale. This 2022 built home is Lennar’s “Annapolis” floor plan, offering a rare opportunity for investors or experienced rehab buyers looking to capitalize on one of Central Florida’s fastest growing markets. Following a 2023 house fire, the property is now in pre-drywall condition, providing a blank slate to rebuild and customize.The structure remains in place with several valuable components already intact, including tile flooring through much of the home, a preserved kitchen island, and a bathroom tub/shower in good condition. The exterior requires comparatively minimal work, while the interior is ready for a full renovation. The backyard is fully fenced, adding immediate usability and value. Groveland continues to experience significant growth, with multiple residential and infrastructure projects recently approved, making this an ideal time to invest ahead of continued expansion and appreciation. Strong resale potential is supported by nearby new construction, community amenities, and ongoing commercial development in the area. Property was previously equipped with a solar system; panels were removed due to the fire (system still operational). This is a true rehab project with strong potential for resale or rental once completed. CASH ONLY. No financing available.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
2022
Lot:
0.12 Acres
Heating:
Central
Price/sqft:
$121
Cooling:
Central Air
HOA:
$96

Valuation

Our model vs. what's actually selling nearby.
Estimate
$325,000
$292K – $347K
Confidence Medium
List vs. estimate
$150K below estimate
List $175,000 · -46.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$121
-40.7% vs. city median $204
Based on
11 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,342
2025
HOA
$96/mo
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Concrete

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • None

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Sidewalk / Sliding Doors

    Lot

    • Lot: 0.12 Acres

    Other Property Information

    • Parcel Number: 052225010000012400

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Available

    • Water Available

  • Other financial information

    • HOA: $96

    • HOA Frequency: Monthly

    • Annual tax amount: $2,342

  • Source details

    • MLS ID: G5111533

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Other

    • Lot Features: Sidewalk

    • Patio And Porch Features: None

    • Direction Faces: North

    • Architectural Style: Other

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1444

    • Water Source: Public

    • Subdivision Name: TRINITY LAKES PH 1

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS ELITE PARTNERS III REALTY