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