Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1150 CARMEL CIRCLE 201 Casselberry, FL 32707

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $239,900

    Move-in ready condo with lake access and modern amenities.

    Type:Condo/Townhome
    Property size:
    1,615 SF
    Lot size:
    0.01 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 26 at 12:11 am

    Property Features for 1150 CARMEL CIRCLE 201

    General Information

    Standard status
    Active
    Size
    1,615 SF
    Lot size
    0.01 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Sal Luccisano

    Listing agent Sal Luccisano License #3174359

    Listing office EDISON REAL ESTATE SERVICES

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of EDISON REAL ESTATE SERVICES

    Overview

    Renovated Condo with Lake Access

    This renovated condo offers stress-free Florida living with access to the 400-acre Lake Howell for boating, fishing, kayaking, and sailing. Residents can also enjoy a tennis court, pickleball court, a large pool with a hot tub, and a large clubhouse that can be reserved for private gatherings. The 1,615 sq ft corner unit features two bedrooms and two full baths and is filled with natural light. The kitchen and both bathrooms have new granite, cabinets, and flooring. New appliances and a hot water heater have been installed. Built in 2002, this unit is located in the newest building of the development and includes assigned indoor car parking. A new roof was recently added. The monthly HOA fee covers upkeep of the common amenities and grounds, as well as water, trash, cable, and internet. A new dock is planned as of September 2025. The property is located just off SR 436, close to shopping and restaurants, and is zoned for Seminole County schools. It is 35 minutes from Disney and Orlando International Airport and close to Winter Park train service.
    Location Intelligence

    Current Use by Public Records

    Carmel By the Lake ... Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Casselberry
    County
    Seminole
    State
    Florida
    Longitude
    -81.3206712
    Latitude
    28.6377959

    Nearby Similar for Sale

    • $695,000
      4,040 SF

      Casselberry Quadruplex Investment Opportunity

      Four detached rental homes on 0.85 acres in Casselberry.
      454 LAKEPORT COVE, CASSELBERRY, FL 32707
      View Details
    • $649,900
      1,700 SF

      Versatile Flex Space Warehouse

      Flex space warehouse with strategic location and versatile operations.
      201 REECE WAY, CASSELBERRY, FL 32707
      View Details
    • $345,900
      924 SF

      Casselberry Mixed-Use Investment Opportunity

      Mixed-use property with redevelopment potential on a 0.36-acre lot.
      82 CONCORD DRIVE, CASSELBERRY, FL 32707
      View Details
    • $1,200,000

      Commercial Building on Winter Park Drive

      Freestanding commercial building with versatile zoning in Casselberry, Florida.
      940 S. WINTER PARK DR, Other City - In The State Of Florida, FL 32707
      View Details
    • $1,350,000
      3,862 SF

      Casselberry Office and Showroom Building

      Two-story building with showroom and office space for sale.
      850 STATE ROAD 436, CASSELBERRY, FL 32707
      View Details
    • $99,000

      Turnkey Nail Salon Opportunity

      Fully equipped nail salon for sale on busy Semoran Blvd.
      865 FL-436, CASSELBERRY, FL 32707
      View Details
    • $11,750,000
      83,520 SF

      Casselberry Corporate Center Office Space

      Class A office building with recent upgrades and strong tenant mix.
      1211 STATE ROAD 436, CASSELBERRY, FL 32707
      View Details
    • $649,900
      800 SF

      Versatile Flex Space Warehouse

      Flex space with easy access to major highways.
      201 REECE WAY #1425, CASSELBERRY, FL 32707
      View Details
    • $179,900
      1,126 SF

      Casselberry Condo with Community Amenities

      Charming 2-bedroom condo with pool, fitness center, and clubhouse.
      604 KENWICK CIRCLE 202, CASSELBERRY, FL 32707
      View Details
    • $190,000
      1,120 SF

      Lake Howell Arms Condo

      Condo with lake access, private courtyard, and modern updates.
      120 GEORGETOWN DRIVE, CASSELBERRY, FL 32707
      View Details
    • $1,450,000
      5,764 SF

      Casselberry Commercial Property on Semoran

      Two buildings totaling 5,764 SF on 0.48 AC for sale.
      800 E Semoran Blvd, Casselberry, FL
      View Details
    • $245,000
      1,002 SF

      Corner Lot Townhouse in Casselberry

      Well-maintained townhouse with screened porch and community amenities.
      194 POST WAY, CASSELBERRY, FL 32707
      View Details

    FAQs

    What type of property is this?
    Residential income property - Move-in ready condo with lake access and modern amenities.
    Where is this residential income property located?
    The property is located at 1150 CARMEL CIRCLE 201 Casselberry, FL.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: Access to 400‑acre Lake Howell for boating, fishing, kayaking, and sailing.; **Fully renovated, move‑in ready 2‑bedroom, 2‑bath, 1,615 sq ft corner unit condo.**; Comprehensive HOA covers amenities, grounds upkeep, water, trash, cable, and internet.
    (888) 352-4015
    We can help!
    Listing Contact
    Sal Luccisano
    Real Estate License ID: 3174359
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!