1554 Lake Rhea Dr, photo 1
Active
1 / 57

Overview

4 bd3 ba3,427 sqft3 car garageSingle Family
TypeSingle Family
HOA$241/mo
Built2004
Lot12,150 sqft
Living area3,427 sqft
Price / sqft$372
Garage3 car

Ask anything about this home

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

About this home

Built-in FeaturesCoffered Ceiling(s)Crown MoldingEat-in KitchenHigh CeilingsKitchen/Family Room ComboOpen FloorplanPrimary Bedroom Main Floor

1554 Lake Rhea Dr is a 2004-built home in Reserve At Belmere, Windermere. Inside you'll find 4 bedrooms, 3 bathrooms, and 3,427 square feet of living space. Listed at $1,275,000 (about $372/sqft), 165 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $241 monthly.

From the listing

Price Improvement! Located behind the gates of the prestigious Reserve at Belmere in sought-after Windermere, this exceptional Mediterranean-inspired estate offers a rare blend of timeless architecture, modern luxury and thoughtful custom enhancements. Built in 2004 by the original owners and expanded during construction, the residence offers more than 3,427 square feet of refined living space and over 4,528 total square feet, creating a larger footprint than many comparable homes within the community. Extensively upgraded with more than $250,000 in recent improvements, this meticulously maintained home showcases true pride of ownership. Significant updates completed within the last three years include three new Trane HVAC systems, replacement windows, premium appliances, pool renovations, designer lighting and numerous interior and exterior enhancements. From the moment you enter, soaring 24-foot ceilings and elegant architectural details set the tone. Crown molding, coffered ceilings, engineered hardwood flooring, custom window treatments and a marble wood-burning fireplace create a sophisticated yet inviting atmosphere. Expansive glass sliding doors frame the outdoor living spaces and provide seamless indoor-outdoor flow ideal for everyday living and entertaining. The chef’s kitchen has been thoughtfully curated with luxurious quartzite countertops, custom pullout cabinetry with rotating shelving systems and an impressive suite of premium German appliances, including a Miele built-in coffee system, convection oven, dishwasher and refrigerator. A professional-grade 48-inch chef gas range with six burners and a griddle, custom lighting and a built-in three-stage water filtration system complete the space. Privately on the main level, the primary suite offers a tranquil retreat with coffered ceilings, newly installed commercial-grade carpeting, serene pool views and direct patio access. The spa-inspired primary bath is appointed with marble and travertine finishes, a soaking tub, a separate shower and custom walk-in closet built-ins. Upstairs, generously sized secondary bedrooms and a spacious loft overlook the formal living and dining areas below. Designed for elevated outdoor living, the resort-style backyard features a resurfaced saltwater pool and spa, an updated pool heater, decorative fountains, remote-controlled pool systems and multiple entertaining areas surrounded by lush European-inspired landscaping, stone pathways and manicured grounds. Canary palms and mature landscaping create a private, luxurious setting. Additional highlights include a new front entry door, an oversized three-car garage, an upgraded security system, a partial roof replacement and designer chandeliers and lighting throughout. Ideally located in one of Windermere’s premier gated communities, residents of Reserve at Belmere enjoy convenient access to top-rated schools, dining, shopping, golf, major roadways and the area’s renowned luxury lifestyle offerings.

The essentials

Built
2004
Price / sqft
$372
On market
165 days
Annual tax
$9,102
HOA
$241/mo
Flood zone
X · Low risk
Lot
12,150 sqft
Type
Single Family Residence

At a glance

Single family
Built 2004
Private pool
Heated
3 car garage
Driveway
0.28 acres
Lot size
3,427 sqft
Living area

Payment

Est. monthly payment
$8,287/mo
Down payment (20%)
$255,000
Property taxes
$759/mo
HOA
$241/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
2004
Lot
12,150 sqft
Cooling
Central Air, Humidity Control, Zoned
Heating
Central, Electric, Zoned
Parking
Driveway, Garage Door Opener, Ground Level
Pool
Child Safety Fence, Gunite, Heated, Lighting, Outside Bath Access, Salt Water, Screen Enclosure, Tile
Days on Market
165
Built-in Features
Coffered Ceiling(s)
Crown Molding
Eat-in Kitchen
High Ceilings
Kitchen/Family Room Combo
Open Floorplan
Primary Bedroom Main Floor
Split Bedroom
Stone Counters
Thermostat
Tray Ceiling(s)
Walk-in Closet(s)
Window Treatments
Lighting
Private Mailbox
Rain Gutters
Sidewalk
Sprinkler Metered
Fitness Center
Gated Community - Guard
Park
Playground
Sidewalks
Tennis Court(s)
Street Lights
Built-in Oven
Convection Oven
Dishwasher
Disposal
Dryer
Range
Range Hood
Refrigerator
Washer
Water Filtration System
Elementary
Lake Whitney Elem
Middle
SunRidge Middle
High
West Orange High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone X
Annual Tax (2025)
$9,102
Parcel #
31-22-28-7353-02-090

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
Reserve At Belmere
County
Orange
MLS Area
34786 - Windermere
Lot Size
12,150 sqft
LandscapedLevelSidewalk
HOA
$241/mo
Sentry Management/Carlos

Price history

Date
Event
Price
8/27/2026
Price change
Source: Stellar MLS #O6406297
$1,275,000-5.6%
$372/sqft
-
Price change
Source: Stellar MLS #O6406297
$1,350,000-3.6%
$394/sqft
5/2/2026
Listed for sale
Source: Stellar MLS #O6406297
$1,400,000
$409/sqft

Neighborhood

1554 Lake Rhea Dr
Windermere, FL, 34786 · 34786 - Windermere

Market insights

Offer Insights

Choose an offer strength

List price: $1,275,000
$1.26M – $1.27M
98.4% – 100% of listTops out right at the list price
80% of listList price
152 of the last 302 home closings in 34786 landed at this number or higher (50%). The median one sat 31 days before it went under contract, and this one is on day 165 after a $125,000 cut.

Sample: 302 closed home sales in 34786 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$8,287/mo
Principal & interest$6,650
Property taxes$759
Insurance$638
HOA$241
Down payment20% · $255,000
Interest rate6.80%
Loan term

Not sure what you can afford?

Put in your household income and we will tell you where this payment sits.

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

$1,275,000

$372 per sq ft

Beds and baths

4 beds, 3 baths

Size

3,427 sq ft

Time on market

165 days

Year built

2004

Monthly payment

About $8,287/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,102 annual tax bill, insurance, and the $241/mo HOA fee.

HOA fee

$241/mo

Managed by Sentry Management/Carlos.

Flood zone

Zone X

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

Offer

What should I offer?

Have another question?

Brokered byPREMIER SOTHEBYS INT'L REALTYListing agent: Adam Shuler, IIListing data from Stellar MLS, MLS# O6406297.

Keep exploring Florida

Pick up where you left off, or see what else is out there.