Residential Income Villa with Wooded
For Sale
$299,000
1208 TURTLE ISLAND Road, Lady Lake, FL 32159
Residential, LADY LAKE, FL
Property Size1,509 SF
Lot Size0.09 Acres
Price / SF$198.14
Days on Market210
Property Features for 1208 TURTLE ISLAND Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Laundry Room, Bedroom 3, Bedroom 2
Parking features
Open, Driveway
Window features
Blinds, Shutters
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters, Window Treatments
Appliances
Cooktop, Dishwasher, Disposal, Dryer, Microwave, Tankless Water Heater, Washer
Subdivision
HAMMOCK OAKS PH 1C
Lot features
Conservation Area
Elementary school
Villages Elem of Lady Lake
Middle school
Carver Middle
High school
Leesburg High
Directions
Make your way toward US-441 / US-27. Travel toward Lady Lake / The Villages. Once on US-441/US-27, continue driving until you reach the Lady Lake area. Look for Lake Griffin Road (also labeled CR 25 in some areas). Turn east onto Lake Griffin Road. Drive along Lake Griffin Road until you see Turtle Island Road. Turn right onto Turtle Island Road. Continue straight.1208 Turtle Island Road will be on your left as you proceed.
Standard status
Active
APN
19-18-24-0012-000-21700
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 217
Tax Annual Amount
2514
Legal Description
HAMMOCK OAKS PHASE 1C PB 83 PG 12 LOT 217
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Flooring type
Vinyl, Carpet, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
COLLADO REAL ESTATE
(386) 427-0002
Listed By:
Michelle Alban · License #3394567
(954) 554-7182
Added: Apr 7
Changed: Oct 30
Last Checked: Nov 2 at 11:06PM
MLS# NS1087894
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,509-square-foot block ranch villa, built in 2026, has three bedrooms and two bathrooms. Its interior includes an open floor plan, an eat-in kitchen with solid-surface counters, and a primary bedroom on the main floor. Vinyl, ceramic tile, and carpet are used across the home. The kitchen is equipped with a cooktop, dishwasher, disposal, and microwave; a washer, dryer, and tankless water heater are also included. Central air, ceiling fans, window treatments, and a patio round out the features.
The property occupies a 0.09-acre lot with a wooded rear outlook and a retaining pond. Public water and sewer serve the home, and parking is available in the driveway and open areas.
The property occupies a 0.09-acre lot with a wooded rear outlook and a retaining pond. Public water and sewer serve the home, and parking is available in the driveway and open areas.
Key Highlights
- 1,509‑square‑foot block ranch built in 2026
- Three bedrooms and two bathrooms
- 0.09‑acre lot with wooded rear outlook and retaining pond
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,531
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,620
$370.6K
Cap Rate 7%
$264,729
$264.7K
Cap Rate 9%
$205,900
$205.9K
Market Conditions
NOI Build-Up for 1,509 SF
Gross rent
$36.0K $23.88/SF
− Vacancy
−$2.3K −$1.55/SF
EGI
$33.7K $22.33/SF
− OpEx
−$15.2K −$10.05/SF
NOI
$18.5K $12.28/SF
Area
Lake County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,620
Cap Rate 7%
$264,729
Cap Rate 9%
$205,900
Alternative Uses
Best Use
Apartment 5plus
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.4K
$375.7K – $501.0K
NOI $30,059 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 32159, FL
30,455
Population
19,670
Households
1.5
Avg Household Size
69
Median Age
29%
College-Educated
95%
High-School Grad
30.2 sq mi
ZIP Area
1,008
Density / Sq Mi
$57,536
Median Household Income
$30,723
Median Earnings
$1,370
Median Rent
$272,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A 2026 ranch-style home offers an open layout, a main-floor primary bedroom, and public water and sewer.
Where is this residential income property located?
The property is located at 1208 TURTLE ISLAND Road Lady Lake, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,509‑square‑foot block ranch built in 2026; Three bedrooms and two bathrooms; 0.09‑acre lot with wooded rear outlook and retaining pond
