Listing Details for MLS #G5088305
7373 Circle Drive, Lady Lake, Fl

Residential Property - Single Family Residence in Lady Lake

Listing Price: $725,000 (Mortgage Calculator →)Days on Market: 401Cumulative Days on Market: 667

Description of Property

Experience the rare opportunity to own a home on one of the last majestic private islands. This one-of-a-kind property showcases a quality build and timeless design that you will not find anywhere else. Surrounded by a privately owned marsh, the surrounding waters are fully private and not even accessible by Lake County or Fish & Game, providing unmatched privacy and enhanced safety. Located on Lake Griffin, where bass fishing competitions are often held, you will have private access from your dock to the Chain of Lakes with restaurants and endless water sports opportunities. This 3 bedroom, 2 bathroom home is listed below appraised value. This waterfront property is an escape from the hustle and bustle of daily life yet is close to shopping, restaurants, and the entertainment in the town squares. The first floor features a private mother-in-law suite with a new mini split, private bathroom with shower, and a small kitchenette (not included in the home’s square footage), making it ideal for guests, family, or multigenerational living. With a few additional changes, this 380 square feet can be added to the home’s total living area. Inside, the home showcases vaulted pine ceilings, wood flooring and accents, and expansive windows that fill the open layout with natural light. The windows were strategically placed during design to ensure temperature control and energy efficiency. A cozy wood-burning stove warms the entire home on cool winter nights, and the interiors feature modern paint colors that complement the mid-century modern character. Bathrooms have been remodeled, and the home offers hurricane-preparedness with generator plugs in the detached garage and emergency lighting. The storm-ready construction built in the 1970s exceeds many requirements of the 2020s, with a sturdy block first floor supported by a steel beam structure that allows for flexible interior design. The beams are covered with wood accents that can be removed to expose them for a more modern look. Recent upgrades include a new commercial-grade standing seam metal roof, updated electrical panels, a new AC system, upgraded garden sprinkler system, and a new deck with stairs. Outdoors, the 1.38-acre lot is adorned with majestic trees draped in Spanish moss and offers peaceful lake views from a first-floor covered porch, a second-floor wraparound balcony, and a third-floor balcony. The property includes a private boat dock on the secluded canal as well as an HOA shared launch slip. The oversized 4-car garage can fit up to 6 vehicles and has built-in workbenches for a spacious workshop area. With actively regulated water levels due to government-controlled locks, this property has never experienced flooding. The thoughtful design includes oversized gutters and an underground drainage system leading to the canal, offering year-round peace of mind. This is a lifestyle like no other. Why settle for ordinary when you can own a unique, one-of-a-kind island retreat surrounded by Florida’s natural beauty?The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $406,191. This single family residence is listed at about 178% of the average asking price. There are 7 3 bedroom/2 bath homes between $600,000 and $900,000 currently listed for sale in this Zip code. See other listings like this one »