$360,000
SOLD APR 30, 2025

231 Ridgecrest Loop Minneola, FL 34715

6 Beds
4 Baths
2,512 Sq Ft
0.26 Acres

Recently Sold

$143 Per Sq Ft

20% Below List Price

22 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Central Heating and Cooling System
  • Lake Minneola High School Rated A-
  • Sliding Doors
  • Ceiling Fan

About This Home

As of April 2025

Duplex Investment Opportunity in Minneola - 231 Ridgecrest LoopWelcome to 231 Ridgecrest Loop, a fantastic duplex investment in the heart of Minneola, Florida! This property offers tremendous potential for investors looking to generate steady rental income. With a spacious layout featuring 3 bedrooms and 2 bathrooms on each side, this property is an excellent opportunity to start or expand your real estate portfolio.Currently, this duplex produces $1,000 per month in rental income per side, making it a consistent and reliable source of cash flow. Whether you're an experienced investor or just starting out, this income-producing property is a great choice.Key Features:2 Units (3 beds / 2 baths each)$2,000 in rental income per monthExcellent location in Minneola, with easy access to local amenities, schools, and shopping centers.Note: The property does require a new roof for insurance purposes, but with the right renovations, it can easily be restored to its full potential.Don’t miss out on this unique opportunity to own a duplex that not only offers great rental income but also provides a chance to add value with a roof replacement. Act quickly—properties like this don’t last long! Contact us today to schedule a viewing or request more details.

Last Agent to Sell the Property

Suabi Ramnarain

FORTUNE REALTY OF CLERMONT Brokerage Phone: 352-429-4621 License #708424

Last Buyer's Agent

Matt Wheatley

WHEATLEY REALTY GROUP License #3191795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,471

Year Built

  • Built in 1994

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 97x118

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,512 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Schools

  • Minneola Elementary School
  • Aurelia Cole Academy Middle School
  • Lake Minneola High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Minneola Ridgecrest Sub Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Water Meters
  • Operating Expense $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,471

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2512
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1994
  • Lease Term: 6-12 Month
  • Lot Size Sq Ft: 11446
  • Tenant Pays: Electricity, Water
  • Directions to Property: Take Cherry Lake Rd to Lake Minneola Shores in Groveland Turn left onto Lake Minneola Shores Take N Lakeshore Dr to US-27 N Turn left onto US-27 N Follow W Minneola St to Ridge Crest Loop
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow City: Clermont
  • Escrow Postal Code: 34711
  • Escrow State: FL
  • Escrow Street Name: E HWY 50
  • Escrow Street Number: 1636
  • List Office Head Office Key Nume: 166281315
  • RATIO Current Price By Calculate: 143.31
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 352-429-4621
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Street Number Modifier: 231
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 233.37

Exterior Features

  • Exterior Features: Lighting, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: None
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Garage Spaces: 1
  • Garage Spaces: 1

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Kitchen
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Minneola Elem
  • High School: Lake Minneola High
  • Middle Or Junior School: Aurelia Cole Academy

Lot Info

  • Zoning: RMF-1
  • Parcel Number: 07-22-26-0250-000-03400
  • Additional Parcels: No
  • Lot Features: City Limits, In County
  • Lot Dimensions: 97x118
  • Flood Zone Code: X
  • Lot Size Square Meters: 1063

Green Features

  • Green Verification Count: 0

Rental Info

  • Total Actual Rent: 2000
  • Terms Of Lease: Other

Multi Family

  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 2
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 4470.97
  • Tax Block: 000
  • Tax Book Number: 27-41
  • Tax Lot: 34

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Sold $360,000 -20.0% $143 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
02/17/2025 02/17/25 For Sale $450,000 -- $179 / Sq Ft
Source: Stellar MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,242 $312,655 $49,000 $263,655
2024 $4,242 $312,655 $49,000 $263,655
2023 $4,242 $304,239 $49,000 $255,239
2022 $4,075 $304,239 $49,000 $255,239
2021 $3,122 $168,574 $0 $0
2020 $2,827 $142,818 $0 $0
2019 $2,959 $142,818 $0 $0
2018 $2,772 $142,818 $0 $0
2017 $2,488 $119,470 $0 $0
2016 $2,389 $119,470 $0 $0
2015 $2,268 $111,474 $0 $0
2014 $2,016 $91,068 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $84,000 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $120,000 --
Source: Public Records

Source: Stellar MLS

MLS Number: G5092730

Stellar MLS

APN: 07-22-26-0250-000-03400

Florida Lake County Minneola 34715

231 Ridgecrest Loop, Minneola, FL

Homes for Sale in Minneola, FL

This home is located at 231 Ridgecrest Loop, Minneola, FL 34715 and is currently priced at $360,000, approximately $143 per square foot. This property was built in 1994. 231 Ridgecrest Loop is a home located in Lake County with nearby schools including Astatula Elementary School, East Ridge Middle School, and Lake Minneola High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393