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Overview

3 bd2 ba1,053 sqftSingle Family
TypeSingle Family
HOANone listed
Built1985
Lot8,550 sqft
Living area1,053 sqft
Price / sqft$217

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

About this home

Ceiling Fans(s)Open FloorplanThermostatSidewalkSidewalksElectric Water HeaterMicrowaveRange

505 Oak Dr is a 1985-built home in Tavares Summerall Park Heights, Tavares. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,053 square feet of living space. Listed at $228,000 (about $217/sqft), 111 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Virtually Staged. Enjoy the best of small-town Florida living in this well-maintained 3-bedroom, 1.5-bath home located in Tavares, known as America's Seaplane City. Conveniently situated near downtown, waterfront dining, marinas, and Lake Dora, this property offers both comfort and accessibility. Inside, you'll find a spacious living area filled with natural light, easy-care tile and laminate flooring, and a functional eat-in kitchen with plenty of potential to make it your own. The primary bedroom includes a private half bath, while two additional bedrooms provide flexibility for family, guests, or a home office. A converted garage adds valuable bonus space that can serve as a workshop, creative studio, business workspace, or hobby room. Outdoors, a screened patio overlooks the fenced backyard, creating a great setting for entertaining, gardening, pets, or relaxing in the shade. A storage shed provides additional space for tools, equipment, and outdoor essentials. With no HOA restrictions, there's room for your boat, motorcycle, or other recreational vehicles. Whether you're purchasing your first home, looking to downsize, or seeking a seasonal retreat, this property offers versatility, value, and a desirable location.

The essentials

Built
1985
Price / sqft
$217
On market
111 days
Annual tax
$557
Flood zone
X · Low risk
Lot
8,550 sqft
Type
Single Family Residence

At a glance

Single family
Built 1985
8,550 sqft lot
Lot size
1,053 sqft
Living area

Payment

Est. monthly payment
$1,349/mo
Down payment (20%)
$45,600
Property taxes
$46/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1985
Lot
8,550 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
-
Days on Market
111
Ceiling Fans(s)
Open Floorplan
Thermostat
Sidewalk
Sidewalks
Electric Water Heater
Microwave
Range
Refrigerator
Elementary
Tavares Elem
Middle
Tavares Middle
High
Tavares High

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

Flood Zone X
Annual Tax (2025)
$557
Parcel #
31-19-26-0400-00H-00700

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
Tavares Summerall Park Heights
County
Lake
MLS Area
32778 - Tavares / Deer Island
Lot Size
8,550 sqft
In CountySidewalkPaved

Price history

Date
Event
Price
9/10/2026
Price change
Source: Stellar MLS #O6419927
$228,000-3.0%
$217/sqft
-
Price change
Source: Stellar MLS #O6419927
$235,000-4.1%
$223/sqft
6/25/2026
Listed for sale
Source: Stellar MLS #O6419927
$245,000
$233/sqft

Neighborhood

505 Oak Dr
Tavares, FL, 32778 · 32778 - Tavares / Deer Island

Market insights

Offer Insights

Choose an offer strength

List price: $228,000
$222,500 – $228,000
97.8% – 100% of listTops out right at the list price
80% of listList price
113 of the last 224 home closings in 32778 landed at this number or higher (50%). The median one sat 50 days before it went under contract, and this one is on day 111 after a $17,000 cut.

Sample: 224 closed home sales in 32778 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$1,350/mo
Principal & interest$1,189
Property taxes$46
Insurance$114
Down payment20% · $45,600
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%. 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

$228,000

$217 per sq ft

Beds and baths

3 beds, 2 baths

Size

1,053 sq ft

Time on market

111 days

Year built

1985

Monthly payment

About $1,349/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $557 annual tax bill, insurance.

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 byMARK SPAIN REAL ESTATEListing agent: Christine LandrauListing data from Stellar MLS, MLS# O6419927.

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