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Overview

2 bd2 ba1,260 sqft2 car garageSingle Family
TypeSingle Family
HOA$945/qtr
Built1995
Lot4,914 sqft
Living area1,260 sqft
Price / sqft$258
Garage2 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Eat-in KitchenLiving Room/Dining Room ComboOpen FloorplanStone CountersWalk-in Closet(s)Window TreatmentsLighting

551 Grand Cayman Cir is a 1995-built home in Villas By Lake, Lakeland. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,260 square feet of living space. Listed at $325,000 (about $258/sqft), 269 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $945 quarterly.

From the listing

Welcome to Villas on the Lake, a sought-after lakefront community on scenic Kelly Lake, where relaxed living meets an active, resort-style lifestyle. Residents enjoy an impressive lineup of amenities including a clubhouse, lakefront dock and boat ramp, sparkling pool, fitness room, shuffleboard, and tennis courts—perfect for staying social and enjoying Florida living at its best. This move-in ready, well-maintained 2-bedroom, 2-bath home offers an easy, open floor plan with a bright sunroom/den—an ideal spot to relax with morning coffee, read a book, or entertain friends. Ceramic tile flooring throughout provides a clean, cohesive look and effortless maintenance. The updated kitchen features warm maple wood cabinetry, granite countertops, a stainless steel sink, newer appliances, and a cozy breakfast nook. Deep pantry-style cabinetry offers excellent storage and keeps everything neatly tucked away. The spacious primary suite includes a walk-in closet, mounted TV (included), and window treatments. The primary bath has been tastefully updated with a wood vanity, granite countertop, decorative bowl sink, and a walk-in shower with a glass door. A nicely updated guest bath with a pedestal sink adds charm and convenience for visitors. Additional highlights include a 2-car garage with pull-down attic access, washer and dryer included, A/C and water heater (2008), and roof and gutters replaced in 2010. Enjoy truly low-maintenance living in a friendly, lakefront community—schedule your private showing today and start enjoying the lifestyle you deserve. (Price adjustment because of a posting error)

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The essentials

Built
1995
Price / sqft
$258
On market
269 days
Annual tax
$1,391
HOA
$945/qtr
Flood zone
X · Low risk
Lot
4,914 sqft
Type
Single Family Residence

At a glance

Single family
Built 1995
Community pool
Fitness center too
2 car garage
Driveway
4,914 sqft lot
Lot size
1,260 sqft
Living area

Payment

Est. monthly payment
$2,288/mo
Down payment (20%)
$65,000
Property taxes
$116/mo
HOA
$945/qtr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1995
Lot
4,914 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
Driveway, Garage Door Opener
Days on Market
269
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Open Floorplan
Stone Counters
Walk-in Closet(s)
Window Treatments
Lighting
Sidewalk
Association Recreation - Owned
Community Mailbox
Deed Restrictions
Fitness Center
Pool
Special Community Restrictions
Tennis Court(s)
Dishwasher
Disposal
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer
Homestead exemption on file Flood Zone X
Annual Tax (2025)
$1,391
Parcel #
23-28-36-139032-000470

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Villas By Lake
County
Polk
MLS Area
33803 - Lakeland
Lot Size
4,914 sqft
City LimitsLevelNear Public TransitPaved
HOA
$945/qtr
Dave Rhinehart

Price history

Date
Event
Price
1/16/2026
Listed for sale
Source: Stellar MLS #L4958574
$325,000
$258/sqft

Neighborhood

551 Grand Cayman Cir
Lakeland, FL, 33803 · 33803 - Lakeland

Market insights

Offer Insights

Choose an offer strength

List price: $325,000
$322,500 – $325,000
99.5% – 100% of listTops out right at the list price
80% of listList price
81 of the last 145 home closings in 33803 landed at this number or higher (56%). The median one sat 35 days before it went under contract, and this one is on day 269.

Sample: 145 closed home sales in 33803 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$2,288/mo
Principal & interest$1,695
Property taxes$116
Insurance$163
HOA$315
Down payment20% · $65,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$325,000

$258 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,260 sq ft

Time on market

269 days

Year built

1995

Monthly payment

About $2,288/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,391 annual tax bill, insurance, and the $945/qtr HOA fee.

HOA fee

$945/qtr

Managed by Dave Rhinehart.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Have another question?

Brokered byEXP REALTY LLCListing agent: Russ RhoadsListing data from Stellar MLS, MLS# L4958574.

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