NOT LISTED FOR SALE

3112 Highlands By the Lake Way Lakeland, FL 33812

Estimated Value: $992,000 - $1,750,365

5 Beds
4.5 Baths
5,646 Sq Ft
$258/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $1,000,000 $177 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $8,810/month

622 Days on Market

Highlights

  • 122 Feet of Waterfront
  • Dock Has No Access To Electricity
  • Heated In Ground Pool
  • Lincoln Avenue Academy Rated A-
  • Safe Room
  • Gated Community

About This Home

As of December 2019

PRICE REDUCED - ENJOY THE HOLIDAYS IN THIS MAGNIFICENT WATERFRONT HOME situateddirectly on Banana Lake, one of SE Lakeland's premier recreational lakes. This gorgeous home has been meticulously updated and maintained from the professionally designed landscaping and real brick paver drive and walkway this stunning home has curb appeal plus. Elevated foyer provides all who enter a panoramic view of the lake beyond while welcoming family and guests in style. Oversized rooms throughout you will surely not be cramped for space in this 5 bedroom / 4.5 bath beauty with plenty of gathering space such as a full bar room adjacent to the "man-cave" (or 5th bedroom) with it's own bathroom. First floor master suite boasts a spa-inspired bath & dressing area, dual vanities, a fully tiled walk-through shower behind the deep jetted soaking tub and two spacious walk-in closets. Additional guest suite on the first floor with a private bathroom and dressing area. The kitchen has been updated with top of the line Thermador, Electrolux, Bosch and Sub-Zero appliances that include a custom built wine bar with built-in wine refrigerator and wine storage adjacent to a generously sized family room that opens in two directions to bring the outdoors in (fabulous for entertaining) a gas fireplace and access to the summer kitchen. Upstairs is a loft area with built-in desk & storage, two well proportioned bedrooms, full bathroom and playroom. Enjoy the lake views from the screen enclosed saltwater pool & spa and dock beyond.

Last Agent to Sell the Property

Jeri Thom

PREMIER REALTY NETWORK, INC License #659514 Listed on: 02/13/2018

Last Buyer's Agent

Scott Vandergriff

PREMIER REALTY NETWORK, INC License #3379479

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,761

Year Built

  • Built in 2001

Lot Details

  • 0.93 Acre Lot
  • 122 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Street terminates at a dead end
  • South Facing Home
  • Mature Landscaping
  • Oversized Lot
  • Landscaped with Trees

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Guest Parking

Home Design

  • Florida Architecture
  • Bi-Level Home
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 5,646 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Dry Bar
  • Crown Molding
  • Tray Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Sliding Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Storage Room
  • Inside Utility
  • Lake Views
  • Attic

Kitchen

  • Built-In Convection Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Laminate
  • Porcelain Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Home Security

  • Safe Room
  • Security System Owned
  • Fire and Smoke Detector
  • In Wall Pest System

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • Energy-Efficient Roof
  • Whole House Vacuum System
  • Reclaimed Water Irrigation System

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Access To Lake
  • Water Skiing Allowed
  • Dock Has No Access To Electricity
  • Dock made with wood
  • Deck
  • Screened Patio
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters
  • Porch

Schools

  • Highland Grove Elementary School
  • Lakeland Highlands Middl Middle School
  • George Jenkins High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • High-Efficiency Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, manager, private road, recreational facilities
  • Highlands By The Lake Ph 01 & Ph 02 Subdivision
  • The community has rules related to deed restrictions, fencing

Recreation

  • Tennis Courts
  • Recreation Facilities

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,761

Year Built

Built in 2001

Lot Details

0

HOA Fees

$100 per month

Parking

3

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Manager, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 5646
  • Lot Size Acres: 0.93
  • New Construction: No
  • Year Built: 2001
  • Building Area Total: 7460
  • Lot Size Sq Ft: 40350
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=L4725577&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=L4725577&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: Yes
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.81367
  • Price per Sq Ft: 177.12
  • Close to Original List Price Ratio: 0.70175
  • Ratio: Current Price\Building Area Total: 134.05
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Appraiser
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Engineered Hardwood, Laminate, Porcelain Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Central Vaccum, Crown Molding, Dry Bar, In Wall Pest System, Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s)
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Other, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Spa Yn: Yes
  • Window Features: Blinds
  • Room Count: 16
  • Additional Rooms: Attic, Bonus Room, Breakfast Room Separate, Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Direction Faces: South
  • Other Structures: Outdoor Kitchen, Storage
  • Pool Features: Gunite, Heated, In Ground, Salt Water
  • Exterior Features: Irrigation System, Lighting, Outdoor Kitchen, Outdoor Shower, Rain Gutters, Sliding Doors, Sprinkler Metered, Storage
  • Roof: Shingle
  • Pool Private: Yes
  • Road Frontage Type: Street Dead-End, Private Road
  • View: Water
  • Water Body Name: Banana Lake
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Water View: Lake
  • Water Access: Lake
  • Water Extras: Dock - Wood, Dock w/o Electric, Lift - Covered, Skiing Allowed
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12105C0485G
  • Waterfront Frontage: 122
  • Water Frontage Feet Lake: 122
  • Additional Water Information: Skiing Allowed. Property has private dock with cover boat storage / lift and power. Boat ramp access is from public park on Tillery Road outside of the community.
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Guest, Oversized
  • Covered Parking Spaces: 3
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sprinkler Recycled, Street Lights, Underground Utilities
  • Cooling: Central Air, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Sewer: Septic Tank
  • Water Source: Canal/Lake For Irrigation, Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Tennis Courts, Waterfront Complex
  • Association Amenities: Fence Restrictions, Gated, Recreation Facilities, Tennis Court(s)
  • Association Fee: 1200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Gated Community, Security System Owned, Smoke Detector(s), Safe Room
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 1200
  • Monthly HOA Fee: 100
  • Total Monthly Fees: 100

Schools

  • Elementary School: Highland Grove Elem
  • High School: George Jenkins High
  • Middle Or Junior School: Lakeland Highlands Middl

Lot Info

  • Zoning: RES
  • Parcel Number: 24-29-10-280559-001250
  • Additional Parcels: No
  • Lot Features: In County, Oversized Lot
  • Flood Zone Code: x
  • Flood Zone Date: 2016-12-22
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Appliances, HVAC, Insulation, Roof, Water Heater
  • Green Indoor Air Qlty: Whole House Vacuum System

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 8-12 Months
  • Approval Process: Contact management company or refer to deed restrictions for answers to specific questions.
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: Contact management company or refer to deed restrictions for answers to specific questions.

Tax Info

  • Tax Annual Amount: 12761
  • Tax Book Number: 104-43-45
  • Tax Lot: 25

Multi Family

  • Waterfront Features: Lake

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/02/2019 12/02/19 Sold $1,000,000 -18.6% $177 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
10/17/2019 10/17/19 Price Changed $1,229,000 -1.6% $218 / Sq Ft
07/24/2019 07/24/19 Price Changed $1,249,000 -2.0% $221 / Sq Ft
02/28/2019 02/28/19 Price Changed $1,275,000 -5.5% $226 / Sq Ft
12/08/2018 12/08/18 Price Changed $1,349,000 -5.3% $239 / Sq Ft
02/12/2018 02/12/18 For Sale $1,425,000 -- $252 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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 $12,598 $983,680 -- --
2024 $12,327 $955,957 -- --
2023 $12,327 $928,114 -- --
2022 $12,057 $901,082 $0 $0
2021 $12,184 $874,837 $0 $0
2018 $9,869 $682,676 $0 $0
2017 $9,122 $668,635 $0 $0
2016 $9,572 $654,882 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: L4725577

Stellar MLS

APN: 24-29-10-280559-001250