1972 Built 4/2 Pool Home in Dr. Phillips

This spacious 4-bedroom, 2-bathroom single-family home sits on a large 10,074 sq. ft. lot in the highly desirable Dr. Phillips area (Zip 32819). Built in 1972, the property features 1,812 sq. ft. of living space and includes a private pool. The home offers a solid layout with strong upside potential. While it requires a moderate rehab, the spread between the asking price and the neighborhood values is massive. With top-rated schools and “Restaurant Row” nearby, this is a prime canvas for a high-margin flip.

🛠️ Rehab Scope (Estimated)

• Cosmetic Overhaul: Full interior update including modernizing the kitchen (open concept/quartz), new flooring (LVP/Tile), and updated fixtures throughout.
• Roof needs replacing and you will need some drywall repair/minor mold remediation
• Pool Area: Budget for pool resurfacing and deck refreshment. A renovated pool home in this zip code commands a significant premium over dry lots.
• Bathrooms: Update both bathrooms with modern vanities, lighting, and tile work to meet the mid-$500k buyer expectations.
• Exterior: Fresh exterior paint and landscaping to enhance curb appeal in the established Lake Cane/Shadow Bay neighborhood.

🟣 Comparable Sales

1. 5724 Pitch Pine Dr – 4/2 | 2,046 sf | Sold $599,000 ($292/sf) | 08/2025 | Top Comp (Slightly larger, sets the ceiling for renovated 4/2s).
2. 7209 Grace Rd – 4/3 | 2,104 sf | Sold $580,000 ($275/sf) | 01/2026 | Value Validator (Supports the high $500s demand).
3. 7058 Archwood Dr – 4/3 | 1,934 sf | Sold $545,000 ($281/sf) | 09/2025 | Conservative Comp (Similar vintage and utility).
4. 7002 Crestlake Dr – 4/2 | 1,728 sf | Active/Pend | Direct Neighbor (Listed at $545k, showing immediate demand on the same street).

💰 ARV Analysis

The existence of the pool is a major value driver. While 3-bed non-pool homes might sell in the low $500s (like 7438 Burnway at $510k), a 4-bed pool home pushes the valuation significantly higher.  The Adjustment: Even applying a conservative $310/sf to the subject’s 1,812 sq. ft., the numbers support a valuation north of $560k.  We are being conservative with our ARV because of the current market.

Estimated ARV: $515,000 – $545,000 +/-

Projected Rent: $3,200 – $3,500/mo +/- (High demand school zone)