Off-Market~$200K Spread

4BR / 3BA — 1.32 Acres of Lakefront, Split-Ready

Seminole County · Altamonte Springs
Starting at $398,000

An acre and a third of unrestricted lakefront inside Altamonte Springs, with the groundwork for a two-lot split already done.

About This Property

The house is a 1956 single-storey of about 1,982 square feet, four bedrooms and three baths, and it needs a full renovation. But the land is the reason to look. The parcel runs to 1.32 acres with no HOA, and the seller reports the lot has been cleared, the old carport removed to bring it into compliance for a split, and a new septic system installed in April 2025.

The seller's position is that this supports two lakefront homesites — renovate and hold or sell the existing house on one, build new on the other. We are publishing the number for the existing house only. The larger figure the seller quotes depends on completing the split and building a second home, and that is a development outcome, not an after-repair value. Treat the second parcel as upside to be verified with the county, not as money already on the table.

Property Details

  • Property typeSingle-family on 1.32 acres
  • Bedrooms4
  • Bathrooms3
  • Living area1,982 sq ft
  • Year built1956
  • Lot1.32 acres, lakefront
  • HOANone per seller
  • Street addressOn record — released to registered buyers

Condition & Scope

  • ScopeFull renovation — roof, systems, kitchen, baths, flooring
  • SepticNew system installed April 2025 (per seller)
  • LotCleared; carport removed for split compliance (per seller)
  • Lot splitNot yet entitled — verify with Seminole County

Comparables

  • Seller-provided after-repair value of $600,000 for the existing house — not independently verified by us
  • Seller's renovation allowance: ~$125,000
  • The seller's higher $850,000 figure assumes a completed lot split plus new construction on the second parcel

Ask and we will pull county sold comps and underwrite this deal with you before you offer.

Offer Terms

  • Accepted financingCash · hard-money / private
  • Proof of fundsRequired with offer
  • Earnest moneyDue at contract signing
  • Closing costsTypically buyer-paid
  • TimelineQuick close preferred

Terms are typical for these opportunities — exact figures and title company confirmed with your offer.

How It Works

Is this property on the MLS?

No. These are off-market opportunities shared privately with our buyer network before they ever hit the open market — so you avoid bidding wars and retail competition.

Can I walk the property before I offer?

Yes — walkthroughs are by appointment. Reach out and we'll coordinate access or share a walkthrough video where one is available.

What do I need to lock it up?

A signed agreement, proof of funds, and an earnest-money deposit. Cash or hard-money / private financing moves fastest.

Do you have comps and a full numbers breakdown?

ARV and rehab figures on most listings come from the seller, and we label them that way rather than presenting them as our own analysis. Ask, and we will pull county sold comps and underwrite the deal with you before you make an offer. On some listings that work is already done.

How quickly can we close?

As fast as title allows. Quick, clean closings are preferred and often part of securing the best price.

To schedule a walkthrough or submit an offer, contact:
Stephen Tilton — FLA Private Deals
📲 407-955-2759  |  📧 StephenLifeFL@gmail.com
Unlock Address & Numbers

All figures (after-repair value, rehab estimates, rents, and spreads) are estimates provided for investor convenience and are not guaranteed. Buyers should perform their own due diligence and verify all numbers, condition, square footage, and zoning independently. Property offered for off-market sale; details subject to change or prior sale.