1861 Heart Lake Dr

GROVELAND, FL 34736

About this property

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.

About this property

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.

Features and Additional Information

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$175,000 Active Under Contract
3 Bed(s)
2
Baths
1,444 sqft

Presented By Premier Key Realty

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KELLER WILLIAMS ELITE PARTNERS III REALTY
1-321-527-5111
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Area Information

34736 Groveland | Lake County | TRINITY LAKES PH 1

$ 175,000
This listing is play_arrow 50.0% lower than the average in the area
$ 349,950 in the area
1,444 SqFt
This listing is play_arrow 12.0% smaller than the average in the area
1,641 SqFt in the area
$ 121 $/SqFt
This listing is play_arrow 43.6% less than the average in the area
$ 215 $/SqFt in the area
147 days on site
This listing is play_arrow 9.3% above the average in the area
135 days on site in the area

Schools in the Area

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Listed By Brandie Mathison-Klein
Brokerage: KELLER WILLIAMS ELITE PARTNERS III REALTY

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