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1554 LAKE RHEA DRIVE

House For Sale
$1,350,000

BTC: 21.84466019

ETH: 773.19587629

-$50K (2026/05/29)
27 days
4 bds
3 ba
3,427 sqft

Overview

Price Improvement! Located behind the gates of the prestigious Reserve at Belmere in sought-after Windermere, this exceptional Mediterranean-inspired estate offers a rare blend of timeless architecture, modern luxury and thoughtful custom enhancements. Built in 2004 by the original owners and expanded during construction, the residence offers more than 3,427 square feet of refined living space and over 4,528 total square feet, creating a larger footprint than many comparable homes within the community. Extensively upgraded with more than $250,000 in recent improvements, this meticulously maintained home showcases true pride of ownership. Significant updates completed within the last three years include three new Trane HVAC systems, replacement windows, premium appliances, pool renovations, designer lighting and numerous interior and exterior enhancements. From the moment you enter, soaring 24-foot ceilings and elegant architectural details set the tone. Crown molding, coffered ceilings, engineered hardwood flooring, custom window treatments and a marble wood-burning fireplace create a sophisticated yet inviting atmosphere. Expansive glass sliding doors frame the outdoor living spaces and provide seamless indoor-outdoor flow ideal for everyday living and entertaining. Integrated ceiling speakers and a dedicated executive office further elevate the home’s functionality and lifestyle appeal. The chef’s kitchen has been thoughtfully curated with luxurious quartzite countertops, custom pullout cabinetry with rotating shelving systems and an impressive suite of premium German appliances, including a Miele built-in coffee system, convection oven, dishwasher and refrigerator. A professional-grade 48-inch chef gas range with six burners and a griddle, custom lighting and a built-in three-stage water filtration system complete the space. Privately on the main level, the primary suite offers a tranquil retreat with coffered ceilings, newly installed commercial-grade carpeting, serene pool views and direct patio access. The spa-inspired primary bath is appointed with marble and travertine finishes, a soaking tub, a separate shower and custom walk-in closet built-ins. Upstairs, generously sized secondary bedrooms and a spacious loft overlook the formal living and dining areas below. Designed for elevated outdoor living, the resort-style backyard features a resurfaced saltwater pool and spa, an updated pool heater, decorative fountains, remote-controlled pool systems and multiple entertaining areas surrounded by lush European-inspired landscaping, stone pathways and manicured grounds. Canary palms and mature landscaping create a private, luxurious setting. Additional highlights include a new front entry door, an oversized three-car garage, an upgraded security system, a partial roof replacement and designer chandeliers and lighting throughout. Ideally located in one of Windermere’s premier gated communities, residents of Reserve at Belmere enjoy convenient access to top-rated schools, dining, shopping, golf, major roadways and the area’s renowned luxury lifestyle offerings.

Location

Details

Type:
Residential
Parking:
Driveway / Garage Door Opener / Ground Level
Year Built:
2004
Lot:
0.28 Acres
Heating:
Central / Electric / Zoned
Price/sqft:
$394
Cooling:
Central Air / Humidity Control / Zoned
HOA:
$241

Valuation

Our model vs. what's actually selling nearby.
Estimate
$798,000
$525K – $1.2M
Confidence Low
List vs. estimate
$552K above estimate
List $1,350,000 · +69.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$393
-5.7% vs. city median $417
Based on
21 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,102
2025
HOA
$241/mo
24-Hour Guard, Cable TV, Escrow Reserves Fund
Pool
Child Safety Fence
View
Pool
Garage
3 car garage
Furnished
Negotiable
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Engineered Hardwood

    • Porcelain Tile

    • Tile

    • Travertine

    Heating

    • Central

    • Electric

    • Zoned

    Cooling

    • Central Air

    • Humidity Control

    • Zoned

    Appliances

    • Built-In Oven

    • Convection Oven

    • Dishwasher

    • Disposal

    • Dryer

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    • Water Filtration System

    Other interior features

    • Built-in Features

    • Coffered Ceiling(s)

    • Crown Molding

    • Eating Space In Kitchen

    • High Ceilings

    • Kitchen/Family Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Split Bedroom

    • Stone Counters

    • Thermostat

    • Tray Ceiling(s)

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 3

  • Parking

    • Driveway

    • Garage Door Opener

    • Ground Level

    Property

    • Levels: Two

    • Pool Private: Yes

    • Exterior Features: Irrigation System / Lighting / Private Mailbox / Rain Gutters / Sidewalk / Sliding Doors / Sprinkler Metered

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 312228735302090

    • Zoning: P-D

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Electricity Connected

    • Fiber Optics

    • Natural Gas Connected

    • Sprinkler Meter

    • Street Lights

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA: $241

    • HOA Frequency: Monthly

    • Annual tax amount: $9,102

  • Source details

    • MLS ID: O6406297

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Fireplace Features: Decorative / Living Room / Wood Burning

    • Laundry Features: Electric Dryer Hookup / Inside / Laundry Room / Washer Hookup

    • Lot Features: Landscaped / Level / Sidewalk

    • Patio And Porch Features: Covered / Patio / Screened

    • Pool Features: Child Safety Fence / Gunite / Heated / Lighting / Outside Bath Access / Salt Water / Screen Enclosure / Tile

    • Window Features: Blinds / Double Pane Windows / Drapes / Shades / Window Treatments

    • Direction Faces: Southeast

    • Other Structures: Shed(s)

    • Architectural Style: Mediterranean

    • Fireplace: Yes

    • Garage Spaces: 3

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 3427

    • Water Source: Public

    • Subdivision Name: RESERVE AT BELMERE

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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: PREMIER SOTHEBYS INT'L REALTY