Duplex-Style Model Home With
1183 TURTLE ISLAND Road Lady Lake, FL 32159
1183 TURTLE ISLAND Road, Lady Lake, FL, 32159
$260,000
For Sale
$260,000
MULTI_FAMILY - LADY LAKE, FL
Property Size1,509 SF
Lot Size0.09 Acres
Price / SF$172.30
Days on Market9
Property Features for 1183 TURTLE ISLAND Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Laundry Room, Bedroom 2, Bedroom 1, Bathroom 2
- Interior features
- Crown Molding
- Exterior features
- Sidewalk
- Appliances
- Dishwasher, Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 19-18-24-0012-000-17500
- Size
- 1,509 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HAMMOCK OAKS PHASE 1C PB 83 PG 12 LOT 175 ORB 6441 PG 64
- Tax Annual Amount
- 8140
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Shingle
Listing agency
SOUTHERN ASSOCIATES REALTY LLC
(352) 877-3099
Listed by
David Moore · License #3304995
(352) 877-3099
Added: Jul 14 Updated: Jul 21 at 5:06PM Checked: Jul 22 at 2:06AM
MLS# OM728253
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2024, this move-in-ready residence features an open-concept layout with 3 bedrooms, 2 bathrooms, and an attached two-car garage. The home includes quartz countertops, stainless steel appliances, and abundant natural light throughout.
Located in Lady Lake, it is positioned just minutes from Spanish Springs in The Villages, with access to shopping, dining, golf, and nightly entertainment. Exterior lawn care is included, supporting a low-maintenance lifestyle.
The property totals 1,509 square feet and sits on a 0.09-acre lot. Community amenities referenced include a resort-style pool, clubhouse, dog park, playground, and scenic walking areas.
Located in Lady Lake, it is positioned just minutes from Spanish Springs in The Villages, with access to shopping, dining, golf, and nightly entertainment. Exterior lawn care is included, supporting a low-maintenance lifestyle.
The property totals 1,509 square feet and sits on a 0.09-acre lot. Community amenities referenced include a resort-style pool, clubhouse, dog park, playground, and scenic walking areas.
Key Highlights
- Built in 2024 3 bed, 2 bath home with central heating and central air
- Open‑concept layout with tile flooring and crown molding
- Kitchen features quartz countertops and stainless steel appliances including dishwasher, range, refrigerator, washer, and dryer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $16.32 |
| − Vacancy | −$1.3k | −$0.85 |
| EGI | $23.3k | $15.47 |
| − OpEx | −$7.0k | −$4.64 |
| NOI | $16.3k | $10.83 |
1,509 SF · lease $16.32/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.4K
$204.2K – $272.3K
NOI $16,339 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$215.1K
$188.2K – $251.0K
NOI $15,059 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 2024, this move-in-ready residence offers an open-concept layout with 3 bedrooms, 2 baths, and an attached 2-car garage.
Where is this duplex located?
The property is located at 1183 TURTLE ISLAND Road Lady Lake, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Built in 2024 3 bed, 2 bath home with central heating and central air; Open‑concept layout with tile flooring and crown molding; Kitchen features quartz countertops and stainless steel appliances including dishwasher, range, refrigerator, washer, and dryer
