705 Devon Dr · Lady Lake, FL 32159

$249,900

2 bd · 2.0 ba · 1,654 sqft · Manufactured public records · 16 Days on market

Built 1985 10,802 sqft lot Est $266k · 6% under $204/mo HOA · 9% of rent

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Why this score? — see what drove the D+ 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 +13.7/30.0
• ARV discount +10.3/15.0
• Schools +4.2/10.0
• DSCR +4.1/10.0
• 1% rule +4.0/10.0
• 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

Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

Key facts

• Fresh new paint
• Brand new dishwasher
• Walk-in closet

Tags

• NEWLY RENOVATED
• FRESH NEW PAINT
• BRAND NEW DISHWASHER
• BRAND NEW ELECTRICAL PANEL
• PULL-THROUGH PAINTED DRIVEWAY
• WALK-IN CLOSET

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $250k.

Deal economics

• At list price, monthly cash flow is $19 ($226/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (9.9% below list).
• Recommended offer: $225k (9.9% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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; 25 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).
• At $2,253/mo this rent would consume 46% of the median local household income ($59k/yr) (locally 1047% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $210k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $225,260 (9.9% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.32%
• DSCR: 1.01
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $266,294
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
705 Devon Dr	0.00mi	2/2.0	1,654 (0%)	0mo	$242,000	$146	100
727 Turnberry Ln	0.45mi	2/2.0	1,576 (-5%)	12mo	$165,000	$105	61
709 Turnberry Ln	0.43mi	2/2.0	1,736 (+5%)	14mo	$279,900	$161	60
708 Tangerine Dr	0.36mi	2/2.0	1,446 (-13%)	8mo	$285,000	$197	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -14.6%
• Equity multiple: 0.47×
• Total profit: $-36,884
• Equity at exit: $37,261

10-year hold

• IRR: -4.2%
• Equity multiple: 0.71×
• Total profit: $-20,472
• Equity at exit: $21,607

Cash invested: $69,972 (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: 9.2×

Monthly cashflow live

• Estimated rent: $2,253 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$142 /mo · $1,706/yr
• Insurance: −$104
• HOA: −$204
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $19

Break-even live

Break-even rent $2,229

Max offer price $249,900

Occupancy floor 94%

Sensitivity live

Price	-10% $160	-5% $90	+0% $19	+5% $-52	+10% $-123
Rent	-10% $-159	-5% $-70	+0% $19	+5% $108	+10% $197
Rate	-1.0pp $145	-0.5pp $82	base $19	+0.5pp $-46	+1.0pp $-112

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
640 Rainbow Blvd Lady Lake, FL	2.0	2.0	1600	$1,900	$1.19	25d	1	0.15mi
617 Webb Way Lady Lake, FL	2.0	2.0	1542	$3,000	$1.95	25d	1	0.16mi
703 Royal Palm Ave Lady Lake, FL	3.0	2.0	1730	$2,600	$1.50	23d	1	0.17mi
602 Jason Dr Lady Lake, FL	3.0	2.0	1726	$1,650	$0.96	25d	1	0.21mi
1222 Palmetto Dr Lady Lake, FL	2.0	2.0	1248	$1,700	$1.36	25d	1	0.35mi
1540 Hillcrest Dr Lady Lake, FL	2.0	2.0	1200	$1,600	$1.33	25d	1	0.73mi
710 Cortez Ave Lady Lake, FL	2.0	2.0	1564	$2,500	$1.60	25d	1	0.78mi
932 Chula Ct Lady Lake, FL	2.0	2.0	1346	$3,000	$2.23	5d	1	0.80mi
715 Hudson Ln Lady Lake, FL	3.0	2.0	1392	$2,700	$1.94	25d	1	0.83mi
943 Mendoza Blvd Lady Lake, FL	2.0	2.0	1268	$5,800	$4.57	25d	1	0.90mi
1614 Kiley Ct Unit 1545709P Lady Lake, FL	2.0	2.0	1593	$3,452	$2.17	18d	1	0.95mi
1430 W Schwartz Blvd Lady Lake, FL	2.0	2.0	1377	$2,500	$1.82	25d	1	0.97mi
1401 W Schwartz Blvd Lady Lake, FL	2.0	2.0	1552	$1,999	$1.29	25d	1	1.03mi
1824 Marion County Rd Weirsdale, FL	2.0	2.0	1064	$1,500	$1.41	25d	1	1.09mi
1304 Santa Rosa Ct Lady Lake, FL	2.0	2.0	1286	$4,500	$3.50	23d	1	1.11mi
1532 W Schwartz Blvd Lady Lake, FL	2.0	2.0	1092	$2,950	$2.70	25d	1	1.12mi
1314 Corona Ave Lady Lake, FL	2.0	2.0	1656	$2,500	$1.51	23d	1	1.15mi
716 Dominguez Dr Lady Lake, FL	2.0	2.0	1094	$2,450	$2.24	23d	1	1.19mi
628 Dominguez Dr Lady Lake, FL	2.0	2.0	1214	$2,245	$1.85	23d	1	1.25mi
923 Oleander St Lady Lake, FL	3.0	2.0	2076	$4,000	$1.93	25d	1	1.25mi
411 Del Mar Dr Lady Lake, FL	3.0	2.0	1730	$3,000	$1.73	25d	1	1.35mi
1524 Martinez Dr Lady Lake, FL	2.0	2.0	1199	$2,095	$1.75	23d	1	1.39mi
323 Chula Vista Ave Lady Lake, FL	2.0	2.0	1486	$2,700	$1.82	25d	1	1.40mi
1330 La Jolla Cir The Villages, FL	2.0	2.0	1214	$3,000	$2.47	23d	1	1.43mi
13740 Lead LN The Villages, FL	1.0–3.0	1.0–2.0	1029	$1,720	$1.67	23d	38	1.49mi

HOA detail

• Monthly dues: $204 · $2,448/yr

Listing history 18 events

1. 2026-04-27
   status Pending
2. 2026-04-11
   listed $249,900 Active
3. 2025-07-02
   soldstatus $210,000
4. 2025-06-23
   soldstatus $210,000 Closed 1411-char remark

   Show marketing remark (1411 chars)

   Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

5. 2025-05-06
   status Pending 1411-char remark

   Show marketing remark (1411 chars)

   Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

6. 2025-04-01
   price $230,000 1411-char remark

   Show marketing remark (1411 chars)

   Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

7. 2025-03-13
   price $235,000 1411-char remark

   Show marketing remark (1411 chars)

   Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

8. 2025-03-13
   price $23,500 1411-char remark

   Show marketing remark (1411 chars)

   Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

9. 2025-03-10
   status Active 1411-char remark

   Show marketing remark (1411 chars)

   Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

10. 2025-03-07
    status Pending 1411-char remark

    Show marketing remark (1411 chars)

    Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

11. 2025-03-05
    price $245,000 1411-char remark

    Show marketing remark (1411 chars)

    Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

12. 2025-02-03
    listed $249,000 Active 1411-char remark

    Show marketing remark (1411 chars)

    Recalibration price 230,000. Motivated Seller!!! Bring your OFFERS!! Great opportunity to live in The Villages. Welcome to this charming, manufactured home featuring two spacious primary bedrooms, perfect for comfort and privacy. Situated on a desirable cul-de-sac, ideal for relaxation or entertaining with an open-air pull through driveway. With 1,653 square feet of well-designed living space, this home offers a seamless blend of functionality and style. Enjoy the best of Florida living in a layout that suits your needs! The primary bedroom is very spacious with walk in closet, updated in 2020 large walk-in shower with grab bars and bench. 2nd Primary bedroom has closet with tub/shower combo. Inside laundry right off the kitchen. The Kitchen cabinets have been refaced and there is a cook-top on the Island & a breakfast area. There is a wall oven for your baking needs. Dining area is very spacious with a step down into the Florida room. This home features a spacious living area for great evening entertainment at home with enough room for an office area. This home has 2 carports 1 carport is large enough for 2 cars, and the other carport is large enough for 1 car & golf cart with its own private entrance into the house. This home features 3 entrance doors and a large storage shed, golf cart garage, Invisible fence if you have a dog, plus a lemon tree. Metal Roof 2011, A/C 2017.

13. 2024-11-07
    historical
14. 2024-06-04
    price $265,000
15. 2024-05-23
    listed $287,000 Active
16. 2010-06-22
    soldstatus $106,000
17. 2003-04-09
    soldstatus $115,000
18. 1991-08-01
    soldstatus $83,500

ⓘ 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: $1,706 · $142/mo
• Projected year-2 tax: $2,074 · $173/mo
• Expected delta: +$369/yr (+$31/mo · 21.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,031
• − Mortgage interest: −$13,998
• − Property taxes: −$1,706
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,162
• − Management: −$2,162
• − HOA: −$2,448
• − Depreciation: −$7,270
• Taxable loss: −$3,965
• Est. tax savings @ 24.0%: +$952
• After-tax cash flow: $1,177/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

+199.3% since first listed

18 events — show timeline

• 2026-04-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-11 Listed $249,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-02 Sold (Public Records) $210,000 Public Records
• 2025-06-23 Sold (MLS) $210,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-04-01 Price Changed $230,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-13 Price Changed $235,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-13 Price Changed $23,500 Stellar MLS as Distributed by MLS Grid
• 2025-03-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-03-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-03-05 Price Changed $245,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-03 Listed $249,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-06-04 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-23 Listed $287,000 Stellar MLS as Distributed by MLS Grid
• 2010-06-22 Sold (Public Records) $106,000 Public Records
• 2003-04-09 Sold (Public Records) $115,000 Public Records
• 1991-08-01 Sold (Public Records) $83,500 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,706 · +20.0% YoY. Source: county tax records.