Lay's Cove Place, Odessa, FL 33663

5 Bedrooms / 7 Baths / Single Family

Property Status: Available (Wholesale) |  For Sale: $1,325,000.00

Property Photos


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $1,325,000.00
Property Details:
5 Bedrooms / 7 Baths / Single Family
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Property Features:
No Property Features Listed.
Contact Info
First Alliance Capital
(407) 668-4396

View on Individual's Website
Property Description:

ARV: $2,500,000+

5 Bedrooms / 7 Bath

8867 Sq Ft

Built: 1974

Rare luxury flip opportunity in the highly sought after neighborhood of Keystone Lakes in beautiful Odessa, FL. This estate is made up of a main house, carriage house, and six-car garage. The main house features a pool, three bedrooms, three bathrooms, and two half-bathrooms. It is just over 7,000 square feet.

The second home is approximately 1,200 square feet. This carriage house is situated above the six car garage and features two bedrooms and two bathrooms. Each bedroom has its own bathroom, an open living room and kitchen area. The garage features three double-car garage doors and can easily fit six vehicles. The property has its own gate at the entrance point and has a privacy wall for added seclusion. 

The main home has many unique features including, beautiful exposed steel beams above the entrance, the front door is custom built glass and is over 12 feet high. The foyer has blonde marble flooring with crystal a chandelier and half guest bath. There is black marble bar in the great room with exposed beams and windows throughout. Most of the flooring throughout the main house is a mixture of marble and carpet. The kitchen has a double-oven and custom cabinets, an eat-in area, as well as formal dining room overlooking the great room. There is a huge walk-in pantry that leads into the spacious laundry room. Each bedroom has it’s own bathroom. One of the guest bedrooms has a giant walk-in closet and vanity. Master suite has his and her walk-in closets. Additionally, the master suite has a giant Jacuzzi tub, a steam room that doubles as a shower, and a nice vanity that runs the width of the room. There is a private office off the master suite which has a half bathroom and has direct access to and from the pool. The outdoor pool and Jacuzzi tub are black marble. The pool decking is made up of coral that was shipped in from Florida City. The pool is screened-in and provides access to the dock. This property has great bones and was built to last. Many of the features it has have stood the test of time and are still highly desirable in higher end homes. In order to get the best return on investment, we recommend updating the entire property. The roof needs to be replaced and fountain, Jacuzzi, and pool need to be maintained. We’re giving this home an ARV of $2.5M but feel the value can increase with further re-design and renovations.

We have an equity interest in this property and are selling the contract.      

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract.

 Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed.  All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier Broker - Gold Key - G.R.I..

FLA Real Estate Services

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Central Florida Realty Investors Association, Inc. is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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