Indian Lake Estates FL 3BR Home – Fixer Upper on 0.6 Acre Corner Lot

Property Overview
Indian Lake Estates, FL 33855

This 3-bedroom, 2-bath concrete block home offers 1,160 sq ft of living space on a 0.6-acre corner lot in Indian Lake Estates. The property is vacant with clear title and features city water and septic. Located within an HOA ($1,700/year) that includes access to golf courses, lake, marina, and clubhouse amenities.

The home requires a full cosmetic rehab and heavy trash-out but presents a solid layout with functional major systems reported, including water heater, PVC plumbing, and electrical. The 3rd bedroom will require a closet to meet official bedroom count. Overall, this is a value-add opportunity with multiple exit strategies.

Seller is motivated—bring offers.

Investment Highlights

📊 Comparable Properties – Indian Lake Estates, FL

Address | Status | Beds/Baths | Sq Ft | Year Built | Price | $ / Sq Ft | Closing Date
3601 Camellia Dr | Sold | 2 / 2 | 1,100 | 1958 | $225,000 | $204 | 05/27/2025
2330 Park Ave | Sold | 2 / 2 | 1,104 | 1990 | $260,000 | $236 | 06/03/2025
6261 Red Grange Blvd | Sold | 2 / 1 | 1,040 | 1975 | $200,000 | $192 | 10/03/2025

Property Details

Item | Info
Foundation | Slab
Construction | Concrete Block
Condition | Full cosmetic rehab + trash-out
Occupancy | Vacant
Utilities | City water / Septic
HOA | ~$1,700/year
Lot Size | 0.6 acres (corner lot)

Rental Outlook

Market Rent: ~$1,600–$1,800/month

Rehab Scope Summary (Estimated)

Full interior trash-out
Interior modernization (flooring, paint, fixtures)
Kitchen and bath full updates
Frame and add closet to 3rd bedroom
Roof replacement
HVAC service (inactive ~4+ years)
Exterior pressure wash and landscaping

Exit Strategies

Wholetail with clean-out + light updates
Full flip targeting ~$225K–$235K ARV
Buy-and-hold rental (strong lot size + amenities)

📞 Call/Text: 321-436-4911
📧 Email: fosteralgier@gmail.com
🌐 Website: FACSold.com