1635 Pinehurst Dr · Lady Lake, FL 32159

$149,900

2 bd · 2.0 ba · 832 sqft · Manufactured public records · 140 Days on market

Built 1988 7,980 sqft lot $204/mo HOA · 10% of rent

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.5/30.0
• 1% rule +8.6/10.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Rent growth +3.5/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

Key facts

• Wet bar area
• Laundry area
• Large storage closet

Tags

• CORNER LOT
• ENCLOSED FRONT PORCH
• WET BAR AREA
• GOLF CART GARAGE
• LAUNDRY AREA
• LARGE STORAGE CLOSET

Property features AI

Finance

• Financial info: Total monthly fees: $204; Total annual fees: $2,448; No lease restrictions indicated
• HOA & community: Clubhouse; Community mailbox; Golf; Reclaimed water irrigation; Community pool; Tennis courts; Senior community

Exterior

• Parking: Covered parking; Driveway; Golf cart garage/parking; 1-car carport; Garage (approx. 18 x 7)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available; Underground utilities
• Home design: Manufactured home (double wide); One level; Faces west
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation with pillar/post/pier
• Exterior features: Enclosed patio; Patio; Porch; Rear porch; Awnings; Mature landscaping; Corner lot; Landscaped; Level lot; Near golf course; Irrigation equipment

Interior

• Kitchen: Convection oven; Dishwasher; Microwave; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $307 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.1% in Lady Lake — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#457 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: employment D, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: The Villages Elementary of Lady Lake School (math 63% / reading 61%, grade B, #608 of 2,144 statewide, top 29%, 761 students, 61% FRL); Carver Middle School (math 41% / reading 41%, grade F, #353 of 571 statewide, top 63%, 837 students, 65% FRL); Leesburg High School (math 24% / reading 32%, grade F, #464 of 667 statewide, top 70%, 1,641 students, 58% FRL).
• Market conditions: Rents rising fast (+4.0%/yr); 586 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).
• This rent runs 42% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 140 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 6y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $99k; list at $150k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 140 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.36% ✓
• Cap rate: 8.75%
• Cash-on-cash: 8.78%
• DSCR: 1.39
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.03% rent growth · sell at horizon

5-year hold

• IRR: -1.5%
• Equity multiple: 0.94×
• Total profit: $-2,417
• Equity at exit: $22,351

10-year hold

• IRR: 9.6%
• Equity multiple: 1.78×
• Total profit: $32,783
• Equity at exit: $12,961

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32159

• Home prices YoY: -16.0%
• Rents YoY: 4.0%
• Active inventory: 586
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,035 high
• Mortgage (P&I): −$786
• Tax from tax record: −$248 /mo · $2,978/yr
• Insurance: −$62
• HOA: −$204
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $307

Break-even live

Break-even rent $1,646

Max offer price $149,900

Occupancy floor 80%

Sensitivity live

Price	-10% $392	-5% $349	+0% $307	+5% $265	+10% $222
Rent	-10% $146	-5% $227	+0% $307	+5% $387	+10% $468
Rate	-1.0pp $382	-0.5pp $345	base $307	+0.5pp $268	+1.0pp $229

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1715 Pebble Beach Ln Lady Lake, FL	2.0	2.0	1040	$3,500	$3.37	25d	1	0.32mi
909 Orchid St Lady Lake, FL	2.0	1.0	936	$1,600	$1.71	25d	1	0.52mi
739 Heathrow Ave Lady Lake, FL	2.0	2.0	1040	$2,250	$2.16	3d	1	0.56mi
1824 Marion County Rd Weirsdale, FL	2.0	2.0	1064	$1,500	$1.41	25d	1	0.77mi
1214 Dustin Dr Lady Lake, FL	2.0	2.0	1040	$1,400	$1.35	25d	1	0.81mi
804 Weeping Willow Ave Lady Lake, FL	2.0	1.0	672	$1,300	$1.93	18d	1	0.91mi
1532 W Schwartz Blvd Lady Lake, FL	2.0	2.0	1092	$2,950	$2.70	25d	1	1.03mi
13765 NE 136th Loop Lady Lake, FL	1.0–3.0	1.0–2.0	1078	$1,639	$1.52	22d	36	1.25mi
508 Tarrson Blvd Unit 1525263P Lady Lake, FL	2.0	2.0	1011	$1,262	$1.25	14d	1	1.25mi
13740 Lead LN The Villages, FL	1.0–3.0	1.0–2.0	1029	$1,720	$1.67	22d	38	1.27mi

HOA detail

• Monthly dues: $204 · $2,448/yr

Listing history 29 events

1. 2026-06-21
   days on market $149,900 Active 140 DOM
2. 2026-06-18
   days on market $149,900 Active 137 DOM
3. 2026-06-17
   days on market $149,900 Active 136 DOM
4. 2026-06-16
   days on market $149,900 Active 135 DOM
5. 2026-06-15
   days on market $149,900 Active 134 DOM
6. 2026-06-13
   days on market $149,900 Active 132 DOM
7. 2026-06-09
   days on market $149,900 Active 128 DOM
8. 2026-06-08
   days on market $149,900 Active 127 DOM
9. 2026-06-07
   days on market $149,900 Active 126 DOM
10. 2026-06-04
    days on market $149,900 Active 123 DOM
11. 2026-06-03
    days on market $149,900 Active 122 DOM
12. 2026-06-02
    days on market $149,900 Active 121 DOM
13. 2026-06-02
    days on market $149,900 Active 120 DOM
14. 2026-05-31
    days on market $149,900 Active 119 DOM
15. 2026-04-21
    status Active
16. 2026-04-16
    status Pending
17. 2026-04-01
    price $149,900
18. 2026-01-27
    listed $159,900 Active
19. 2020-05-20
    soldstatus $99,000
20. 2020-05-15
    soldstatus $99,000 Sold 402-char remark

    Show marketing remark (402 chars)

    BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

21. 2020-04-30
    status Pending 402-char remark

    Show marketing remark (402 chars)

    BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

22. 2020-04-13
    price $109,900 402-char remark

    Show marketing remark (402 chars)

    BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

23. 2020-04-04
    status Active 402-char remark

    Show marketing remark (402 chars)

    BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

24. 2020-03-30
    status Pending 402-char remark

    Show marketing remark (402 chars)

    BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

25. 2020-03-27
    status Active 402-char remark

    Show marketing remark (402 chars)

    BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

26. 2020-02-09
    status Pending 402-char remark

    Show marketing remark (402 chars)

    BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

27. 2020-01-30
    listed $119,900 Active 402-char remark

    Show marketing remark (402 chars)

    BACK ON THE MARKET WITH A NEW PRICE AFTER BUYER FAILED TO PREFORM. Outstanding corner lot . Own a piece of The Villages life style for less than $110k. Don't miss out on this Estate sale OPPORTUNITY. 2/1 manufacture home in the desirable Village of Country Club Hills. . Being Sold As Is. Drywall home with Volume Ceilings. A/C replaced in 2015. Replacement windows. Needs some TLC, priced accordingly.

28. 2000-12-05
    soldstatus $56,000
29. 1999-02-17
    soldstatus $53,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,978 · $248/mo
• Projected year-2 tax: $2,978 · $248/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,420
• − Mortgage interest: −$8,397
• − Property taxes: −$2,978
• − Insurance: −$750
• − Repairs & maintenance: −$1,954
• − Management: −$1,954
• − HOA: −$2,448
• − Depreciation: −$4,361
• Taxable income: $1,580
• Est. tax owed @ 24.0%: −$379
• After-tax cash flow: $3,304/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Lady Lake

• Score: 69/100
• State rank: #457
• US rank: #8302

Category grades

Amenities F Commute F Cost of living A+ Crime C+ Employment D Housing A+ Health & safety A- User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lady Lake, FL
• County: Lake County · 364,602 people
• City population: 32,107
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 32,107
• Household income: $58,518
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 1047.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 6% Two or more races 5% Black 4% Asian 1%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 3%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 4% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.24%
• Current HPI: 237.6208
• Rent YoY: ▲ 4.03%
• Metro: Orlando-Kissimmee-Sanford, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+182.8% since first listed

15 events — show timeline

• 2026-04-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-27 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2020-05-20 Sold (Public Records) $99,000 Public Records
• 2020-05-15 Sold (MLS) $99,000 Stellar MLS as Distributed by MLS Grid
• 2020-04-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-04-13 Price Changed $109,900 Stellar MLS as Distributed by MLS Grid
• 2020-04-04 Relisted — Stellar MLS as Distributed by MLS Grid
• 2020-03-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-03-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2020-02-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-01-30 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2000-12-05 Sold (Public Records) $56,000 Public Records
• 1999-02-17 Sold (Public Records) $53,000 Public Records

Property tax history

+17.7%/yr

Latest (2025): $2,978 · +12.0% YoY. Source: county tax records.