Furnished Villa with Pool
1815 Key Lake Drive Sebring, FL 33875
For Sale
$159,900
SINGLE_FAMILY - Sebring, FL
Property Size1,248 SF
Lot Size0.08 Acres
Price / SF$128.13
Days on Market225
Property Features for 1815 Key Lake Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R3 WATER
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
- Parking features
- Driveway
- Patio and Porch features
- Patio
- Pets allowed
- No
- Interior features
- BB / HS Internet Available, Blinds, Cable TV Available
- Exterior features
- Bulkhead/Sea Wall, Patio, Stucco, Well Irrigation
- Appliances
- Dishwasher, Dryer, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer, Wtr Heater-Electric
- Standard status
- Active
- APN
- C-24-35-28-060-0040-0285
- Size
- 1,248 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- NWLY PORT OF LOT 28-AKA UNIT 5 OF KEY LAKE HOMES PER OR 2133-PG 429 BEING NWLY 1/2 OF A DUPLEX ON LOT 28 + INT IN COMMON AREAS
- Tax Annual Amount
- 1830
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water front
- 1
Building Details
- Year built
- 1987
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Concrete Block
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
RE/MAX REALTY PLUS
(863) 385-0077
Listed By:
Emily Jones · License #3402440
(863) 446-3246
Added: Dec 11, 2025
Changed: Jul 23
Last Checked: Jul 24 at 7:06PM
MLS# 320045
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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.
This fully furnished 2-bedroom, 2-bath villa is designed for easy, low-maintenance living. Inside, you’ll find tile flooring throughout, an indoor laundry closet, and a fully equipped kitchen for everyday use. The outdoor space features a patio area positioned to overlook the inground community pool, shuffleboard court, and serene waters of Key Lake.
The home is located at 1815 Key Lake Drive in Sebring, within Highlands County, and is part of a community with an HOA currently stated at $300 per month. Included services are central water, exterior pest control, lawn and pool maintenance, and insurance for the pool and deck.
Recent updates noted in the remarks include a new septic drainfield installed in 2023, a new roof in 2024, and a new HVAC system installed in 2012. The property is offered furnished exactly as shown.
The home is located at 1815 Key Lake Drive in Sebring, within Highlands County, and is part of a community with an HOA currently stated at $300 per month. Included services are central water, exterior pest control, lawn and pool maintenance, and insurance for the pool and deck.
Recent updates noted in the remarks include a new septic drainfield installed in 2023, a new roof in 2024, and a new HVAC system installed in 2012. The property is offered furnished exactly as shown.
Key Highlights
- Fully furnished 2‑bedroom, 2‑bath villa with tile flooring throughout and an indoor laundry closet
- Overlooks the inground community pool, shuffleboard court, and Key Lake waters from the patio
- HOA includes central water, exterior pest control, lawn and pool maintenance, and insurance for the pool and deck ($300/month)
Financial Insights For Apartment 5plus
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 | $20.2k | $16.20 |
| − Vacancy | −$1.2k | −$0.94 |
| EGI | $19.0k | $15.26 |
| − OpEx | −$8.6k | −$6.87 |
| NOI | $10.5k | $8.39 |
1,248 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$149.6K
$130.9K – $174.6K
NOI $10,475 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.6K
$227.2K – $302.9K
NOI $18,175 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Fully furnished 2-bed, 2-bath villa with tile flooring, indoor laundry, and a patio overlooking the community pool and lake waters.
Where is this single family property located?
The property is located at 1815 Key Lake Drive Sebring, FL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Fully furnished 2‑bedroom, 2‑bath villa with tile flooring throughout and an indoor laundry closet; Overlooks the inground community pool, shuffleboard court, and Key Lake waters from the patio; HOA includes central water, exterior pest control, lawn and pool maintenance, and insurance for the pool and deck ($300/month)
