$175,000

1861 HEART LAKE DR, GROVELAND, FL 34736

Under Contract
3
Beds
2
Baths
1,851
Sqft
2022
Year built
2
Garage
$95
$/sqft

Property details

Type Residential
MLS # MFR788751000
Listed Apr 18, 2026
Days on market 6
HOA Yes
Pool No
County Lake
Data source Stellar MLS

About this home

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.

Property records

Public records from the county assessor.

Assessor market value $114,992
Assessed value $107,350
Taxable value $50,939
Est. annual taxes $1,067/yr
Homestead Exemption (first exemption up to $25,000) Additional Homestead Exemption (up to an additional $25,000)  Veteran’s Disability Exemption ($5,000)

Recent sales

Mar 28, 2022 $289,800 Qualified

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Data source

Stellar MLS

MLS #MFR788751000

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