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    Minneola Duplex with Backyard Spaces Title is generated by Realmo AI

    238 RIDGECREST LOOP, Minneola, FL 34715

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    Pending
    $529,900

    Duplex - MINNEOLA, FL

    Type:Duplex
    Property size:
    1,961 SF
    Lot size:
    0.30 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    72
    Last Refresh:
    May 15 at 12:06 am

    Property Features for 238 RIDGECREST LOOP

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    RMF-1
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage, Garage - Attached
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s)
    Exterior features
    Sliding Doors
    Standard status
    Pending
    APN
    07-22-26-0250-000-02000
    Size
    1,961 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4634.28

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2002
    Number of units
    2
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block, Brick
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Horner
    Steven Horner

    Listing agent Steven Horner License #3262014

    Listing office RE/MAX PRIME PROPERTIES 311 S Main St, Winter Garden, FL

    Listing date Mar 4, 2026

    MLS# O6379155 Listing URL

    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.

    HighLights

    • Duplex in Lake County: Investment opportunity with two 3‑bedroom, 2‑bathroom units, each featuring its own backyard and laundry.
    • Excellent location: Minutes from Colonial & 27, 10 minutes to Florida Turnpike, 5 minutes to Publix, 8 minutes to South Lake Hospital, and 10 minutes to Minneola Advent Health Facility.
    • Each unit features tile flooring throughout, eat‑in kitchens, ample counter space, and well‑designed floorplans with plenty of natural light.
    • Newer HVAC systems and newer water heaters in both units; full roof replacement scheduled for August 2025.
    • Ample parking with an extra‑long driveway in addition to the one‑car garage.
    • Separate water and electric meters for each unit.

    Overview

    Located in the heart of Lake County, this duplex property offers two units, each featuring 3 bedrooms, 2 full bathrooms, and a 1-car garage. Each side provides 1,030 square feet of living space. The property has individual backyard spaces and laundry facilities for each unit. The units feature tile flooring throughout. Natural light fills the interior spaces, which include eat-in kitchens and ample counter space. Each room is equipped with ceiling fans, and the bathrooms have updated one-piece shower and bathtub units. Additional storage is available inside and in the garages. The property includes an extra-long driveway for additional parking. Each side has newer HVAC and water heaters. The left side has a 2023 water heater. The property has separate water and electric meters for each side. A full roof replacement is scheduled for August 2025. The property is located minutes from the intersection of Colonial & 27, 10 minutes to Florida Turnpike, 5 minutes to Publix, 8 minutes to South Lake Hospital & 10 minutes to the brand new Minneola Advent Health Facility. The lot size is 0.3 acres, and the total property size is 1,961 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneola
    County
    Lake
    State
    Florida
    Longitude
    -81.7482191
    Latitude
    28.5814428

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    FAQs

    What type of property is this?
    Duplex - Duplex in Lake County with private backyards and garages.
    Where is this duplex located?
    The property is located at 238 RIDGECREST LOOP Minneola, FL.
    What is the asking price?
    The asking price for this property is $529,900.
    What are key features of this property?
    This property features: Duplex in Lake County: Investment opportunity with two 3‑bedroom, 2‑bathroom units, each featuring its own backyard and laundry.; Excellent location: Minutes from Colonial & 27, 10 minutes to Florida Turnpike, 5 minutes to Publix, 8 minutes to South Lake Hospital, and 10 minutes to Minneola Advent Health Facility.; Each unit features tile flooring throughout, eat‑in kitchens, ample counter space, and well‑designed floorplans with plenty of natural light.
    (321) 226-8499
    We can help!
    Listing Contact
    Steven Horner
    Steven Horner
    Real Estate License ID: 3262014
    Learn More
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    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.

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