RENTED OCT 22, 2025

3278 Downs Cove Rd Windermere, FL 34786

Estimated Value: $756,000 - $974,000

3 Beds
2 Baths
1,353 Sq Ft
$646/Sq Ft Est. Value

Last Sold October 15, 2024

Last sale price $950,000 $702 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,686/month

Highlights

  • 50 Feet of Lake Waterfront
  • Dock has access to electricity
  • Deck
  • Thornebrooke Elementary School Rated A
  • Open Floorplan
  • Main Floor Primary Bedroom

About This Home

As of October 2025

Welcome to your waterfront paradise on the beautiful Windermere Chain of Lakes! This 3 Bed, 2 Bath, 1,351 htd. sqft lake home sits on a 0.29-acre lot overlooking Lake Down, one of 13 lakes on the Butler Chain of Lakes. As you enter the front door you are greeted by an open floorplan, panoramic views, split bedroom layout, renovated kitchen and baths, ceramic wood-look tiling and adorning wood paneled ceilings. The backyard is a water enthusiast's dream thanks to the direct water frontage with an oversized backyard, screen enclosed porch, fire pit patio, and a private boat dock with an electric boat lift. Boasting stunning views and the potential for a variety of water activities, from boating to skiing, this lot presents an exceptional opportunity to create a luxurious lakeside retreat.

Last Agent to Rent the Property

John Goggin

STOCKWORTH REALTY GROUP Brokerage Phone: 407-909-5900 License #3327827 Listed on: 11/21/2024

Last Renter's Agent

John Goggin

STOCKWORTH REALTY GROUP Brokerage Phone: 407-909-5900 License #3327827 Listed on: 11/21/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 0.28 Acre Lot
  • 50 Feet of Lake Waterfront
  • Lake Front
  • Street terminates at a dead end
  • North Facing Home
  • Partially Fenced Property
  • Landscaped
  • Irrigation Equipment

Interior Spaces

  • 1,353 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Awning
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Ceramic Tile Flooring
  • Chain Of Lake Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Access To Chain Of Lakes
  • No Wake Zone
  • Dock has access to electricity
  • Dock made with wood
  • Deck
  • Covered Patio or Porch

Schools

  • Thornebrooke Elementary School
  • Gotha Middle School
  • Olympia High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Downs Cove Camp Sites Subdivision

Listing and Financial Details

  • Residential Lease
  • Security Deposit $4,000
  • Property Available on 11/20/24
  • Tenant pays for cleaning fee, re-key fee
  • The owner pays for sewer
  • 12-Month Minimum Lease Term
  • Available 10/22/25
  • $150 Application Fee
  • 1 to 2-Year Minimum Lease Term
  • Assessor Parcel Number 09-23-28-2196-03-120

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Lease Amount Frequency: Monthly
  • Pets Allowed: Breed Restrictions, Number Limit
  • Available Date: 2024-11-20
  • Terms Of Lease: 1st Last and Sec Dep Required
  • Long Term YN: 1
  • Security Deposit: 4000
  • Pet Fee Non Refundable: 400
  • Expected Lease Date: 2025-10-22T00:00:00.000

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Living Area: 1353
  • Lot Size Acres: 0.28
  • New Construction: No
  • Year Built: 1947
  • Building Area Total: 1353
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 12510
  • Owner Pays: Sewer
  • Tenant Pays: Cleaning Fee, Re-Key Fee
  • Status: Leased
  • Building Area Total Srch Sq M: 125.70
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 2.81
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Wood,Dock w/Electric
  • MFR_DockYN: 1
  • Attribution Contact: 407-909-5900
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Total Bedrooms: 3
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Spa Yn: No
  • Living Area Meters: 125.70

Exterior Features

  • Direction Faces: North
  • Exterior Features: Awning(s)
  • Pool Private: No
  • View: Water
  • Water Body Name: LAKE DOWN
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Screened
  • Road Surface Type: Asphalt
  • Water Access: Lake,Lake - Chain of Lakes
  • Water Extras: No Wake Zone
  • Water View: Lake,Lake - Chain of Lakes
  • Water View YN: 1
  • Waterfront Feet Total: 50
  • Water Frontage Feet Lake: 50

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Association Name: NA
  • Association: No
  • Senior Community: No
  • Pet Restrictions: Limit to 2 small pets
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00
  • Application Fee: 150

Schools

  • Elementary School: Thornebrooke Elem
  • High School: Olympia High
  • Middle Or Junior School: Gotha Middle

Lot Info

  • Parcel Number: 09-23-28-2196-03-120
  • Fencing: Partial
  • Lot Features: Landscaped, Street Dead-End, Paved

Multi Family

  • Waterfront Features: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Oct 8, 2024
Sold by
Patterson Gary L
Bought by
Canavial 2 Llc
Seller's Agent
Rodney Melendez
CORCORAN PREMIER REALTY
Buyer's Agent
John Goggin
STOCKWORTH REALTY GROUP
List Price
$1,199,000
Sold Price
$950,000
Premium/Discount to List
-$249,000
-20.77%
Views
33
Current Estimated Value
$873,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,465
Avg. Annual Appreciation
-6.65%

Purchase Details

Closed on
Dec 9, 2015
Sold by
Lake Down Park Llc
Bought by
Patterson Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2010
Sold by
Hansar Capital Llc
Bought by
Lake Down Park Llc

Purchase Details

Closed on
Aug 24, 2010
Sold by
Saric Gregory F and The Bank Of New York Mellon
Bought by
Hansar Capital Llc

Purchase Details

Closed on
Jul 26, 2004
Sold by
Saric Gregory F and Saric Maria
Bought by
Saric Gregory F

Purchase Details

Closed on
Dec 19, 2002
Sold by
Rincon Angelina
Bought by
Saric Gregory F and Saric Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.07%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Canavial 2 Llc $950,000 None Listed On Document
Patterson Gary L $525,000 Artesian Title Inc
Lake Down Park Llc -- None Available
Hansar Capital Llc $197,100 None Available
Saric Gregory F -- --
Saric Gregory F $350,000 --
Rincon Angelina $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patterson Gary L $375,000
Previous Owner Rincon Angelina $280,000
Previous Owner Rincon Angelina $230,000
Previous Owner Rincon Angelina $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2025 10/22/25 Rented $3,800 -5.0% --
10/01/2025 10/01/25 Under Contract -- -- --
08/27/2025 08/27/25 Price Changed $3,999 -11.1% $3 / Sq Ft
01/12/2025 01/12/25 Price Changed $4,500 -13.5% $3 / Sq Ft
11/21/2024 11/21/24 For Rent $5,200 0.0% --
10/15/2024 10/15/24 Sold $950,000 -13.6% $702 / Sq Ft View Prior Sale
09/12/2024 09/12/24 Pending -- -- --
09/01/2024 09/01/24 Price Changed $1,099,000 -8.3% $812 / Sq Ft
07/12/2024 07/12/24 For Sale $1,199,000 +100.2% $886 / Sq Ft
08/17/2018 08/17/18 Off Market -- -- --
03/01/2015 03/01/15 Sold -- -- -- View Prior Sale
06/10/2014 06/10/14 Price Changed $599,000 -7.7% $443 / Sq Ft
05/14/2014 05/14/14 Price Changed $649,000 -5.8% $480 / Sq Ft
03/24/2014 03/24/14 For Sale $689,000 -- $509 / 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 $13,472 $852,930 $750,000 $102,930
2024 $12,218 $848,370 $750,000 $98,370
2023 $12,218 $834,885 $750,000 $84,885
2022 $10,582 $673,413 $600,000 $73,413
2021 $9,608 $581,049 $515,000 $66,049
2020 $9,308 $582,149 $515,000 $67,149
2019 $9,358 $583,249 $515,000 $68,249
2018 $8,286 $482,289 $415,000 $67,289
2017 $8,350 $481,332 $415,000 $66,332
2016 $8,483 $480,129 $415,000 $65,129
2015 $7,424 $408,506 $345,000 $63,506
2014 $7,302 $393,305 $345,000 $48,305
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6259279

Stellar MLS

APN: 09-2328-2196-03-120