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920 LAKE COVE TRAIL

House Active With Contract
$350,000

BTC: 5.66343042

ETH: 200.45819015

9 days
Waterfront
4 bds
3 ba
2,542 sqft

Overview

Short Sale. Short Sale!!! MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST BY NOON ON WEDNESDAY!!! Investor opportunity with endless potential on Little Lake Victoria! This rare short sale property sits on 1.68 secluded acres in South Lakeland on a private peninsula with water on three sides, offering breathtaking lake views from nearly every room. If you’ve been searching for a one-of-a-kind waterfront estate to renovate and transform into something spectacular, this is it. The main home features 4 bedrooms and 3 bathrooms, including a private 4th bedroom suite located off the garage with its own entrance and bathroom — ideal for an older child wanting independence, guests, a home office, or multigenerational living. While the home needs significant updating and repairs, the setting and layout offers incredible possibilities for the right buyer with vision. Adding even more value and opportunity is the detached 2 bedroom, 2 bathroom cottage located on the property. The cottage is currently not livable after sustaining major roof damage during the last hurricane, but the potential is undeniable. With extensive renovation, it could become an income-producing rental, AirBnB, guest house, or the perfect detached in-law home for an amazing family compound. Important updates already completed on the main home include a new roof, septic system, and drainfield in 2020, along with a new AC in 2017. This property is being sold as a short sale and will require lender approval. The listed price is not guaranteed to be the final accepted sales price. Buyers should expect a lender response time of approximately 60–90 days. Cash offers only due to the condition of the property. Bring your vision, roll up your sleeves, and look beyond the tall grass and deferred maintenance — because this hidden waterfront estate could truly become paradise once again. NO SITE UNSEEN OFFERS WILL BE CONSIDERED!

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1974
Lot:
1.68 Acres
Heating:
Central
Price/sqft:
$138
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$7,451
2025
Waterfront
Lake Front
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    • Laminate

    • Quarry Tile

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Range Hood

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Exterior Features: Balcony / Other / Sliding Doors / Storage

    Lot

    • Lot: 1.68 Acres

    Other Property Information

    • Parcel Number: 242918000000043040

    • Zoning: R-1

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $7,452

  • Source details

    • MLS ID: L4961807

    Other facts

    • Construction Materials: Wood Siding

    • Foundation Details: Slab

    • Fireplace Features: Family Room

    • Laundry Features: Inside

    • Lot Features: In County

    • Patio And Porch Features: Covered / Deck / Enclosed / Other / Patio / Porch / Rear Porch / Screened / Side Porch / Wrap Around

    • Direction Faces: Southeast

    • Other Structures: Additional Single Family Home / Guest House

    • Architectural Style: Florida

    • Waterfront: Yes

    • Fireplace: Yes

    • Water Body Name: LITTLE LAKE VICTORIA

    • Living Area: 2542

    • Water Source: Public

    • Subdivision Name: ACREAGE

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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: REGAL REAL ESTATE LLC