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1559 NASSAU CIRCLE
About This Property
The home includes two private bedroom suites, each with its own bathroom and generous closet space. The living and dining areas are conveniently located next to the kitchen, creating a comfortable layout for everyday living and entertaining. Take advantage of this property with new roof and AC from 2024. Enjoy the fenced backyard. NO LOT rent, you own the land.
Lake Frances Estates is a popular 55+ community offering an array of amenities, including two swimming pools, a spacious clubhouse, a scenic lake, and a community dock. The neighborhood is also golf-cart friendly, adding to its relaxed and convenient lifestyle.
Located near Downtown Tavares, this home provides easy access to waterfront dining, local shops, live entertainment, community festivals, and beautiful Lake Dora sunsets. Known as "America's Seaplane City," Tavares offers a vibrant downtown atmosphere with waterfront parks, boat tours, and plenty of opportunities to enjoy the outdoors.
Come see this wonderful home and discover the lifestyle and possibilities Lake Frances Estates has for you!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2026 | In contract | - | |
| In contract | |||
| Sep 12, 2026 | Listed by OLYMPUS EXECUTIVE REALTY INC | $174,900 | |
| Listed by OLYMPUS EXECUTIVE REALTY INC | |||
| Jul 3, 2025 | Listed | $163,000 | |
| Listed | |||
| | |||
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This spacious 2-bedroom, 2-bathroom home with New roof (2024) and recent HVAC system is nestled in the highly sought-after Lake Frances Estates, a resident-owned, 55+ active community in the heart of Tavares. NO LOT RENT AND YOU OWN THE LAND! Only $50 a month hoa fee! Step into a bright Florida room that leads into a generous open-concept living and dining area, featuring vaulted ceilings, wood-style flooring, and abundant natural light. The updated kitchen offers pantry shelving, skylights, and a window overlooking the sink, perfect for those Florida sunny mornings. This thoughtfully designed home features two spacious primary suites, each with their own en-suite bathroom and walk-in closet—providing privacy and comfort for both you and your guests. The home is wheelchair accessible, and move-in ready. The home features a shaded carport, a fully fenced backyard for your furry friend and enjoying the Florida sun, a large workshop/storage shed for hobbies, tools, or extra storage and an attached laundry room and craft area. Located just across the street from Winn-Dixie, JOANN Fabrics, and Twistee Treat, and minutes from downtown Tavares, Lake Dora, and Lake Eustis, you’ll have access to shopping, dining, healthcare and local festivals all year long. Enjoy Lake Frances Estates amenities include Indoor & outdoor heated pools, Clubhouse with bingo, card games, and movie nights, Fishing pier, Shuffleboard courts & billiards room, Golf cart-friendly community and Regular community events and social gatherings. This home has everything you need — comfort, convenience, and community. Don’t miss your chance to live in one of the most active and welcoming 55+ communities in Central Florida. With interest rates dropping, now is the time to act! Schedule your private showing today before this gem is gone!
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| Jun 24, 2025 | Price Decreased |
$168,000
↓ $2K
(1.1%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$169,900
↓ $5K
(2.9%) | |
| Price Decreased | |||
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About Lake Frances Estates
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$2,100 /mo
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$2,100 /mo
- 3 Beds
- 2 Baths
- 2,139 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017