tomo logo

$1,175,000

Beds
5
Baths
3.5
sq ft
4,127

5150 Banana Point Dr, Okahumpka, FL 34762

5150 Banana Point Dr

OKAHUMPKA, FL 34762

  • 8 days on market
Experience timeless charm and modern luxury at this exquisite farmhouse-style estate in the Banana Point Lakeside community. The home offers stunning views from the wrap-around porch and the pool deck, where you can gaze at sunsets on Lake Harris, spot the occasional seaplane, or enjoy watching the grazing horses on the adjacent property. On 1.52 acres of high and dry land, this updated property features a primary home with four bedrooms and 2.5 baths, as well as a self-contained one-bedroom, one-bath guesthouse, making it ideal for extended family, guests, or potential rental income. A grand circular driveway shaded by majestic live oaks leads to the custom-built home, which has been thoughtfully updated with a new roof in 2023, two new 50-gallon water heaters in 2025, cement Hardie siding, double-pane windows, a whole-house Generac generator and a water softener system in 2024, along with a filtered irrigation system in 2024 and an underground propane tank. A vented hurricane room provides added security during storms, offering peace of mind. Inside the main house, the no-carpet layout offers a vaulted family room and an open floor plan within 2,937 square feet. The kitchen, equipped with stainless steel appliances, an island and ample counter space, opens up to the living room for easy entertaining. A breakfast nook and formal dining room enhance the home’s versatility. The family room features a striking stone propane fireplace that operates with a remote control and triple-sliding glass doors that lead to the outdoor living area. The screened saltwater pool, complete with a spillover spa, child-safety fence and patio, creates a tranquil outdoor oasis. An outdoor cooking area with a propane hookup and ventilation, makes hosting a breeze. The en suite primary bedroom is a retreat, boasting French doors leading to the pool, a walk-in closet and a spa-like bath featuring a hydro-massage tub, dual vanities and a walk-in shower with dual shower heads. Upstairs, three bedrooms and a full bath with a jetted tub provide comfort for family and guests. The home theater/media room being used as a bedroom is fully wired for speakers and projector, featuring a recessed screen that drops from the ceiling. The attached 1,190-square-foot guest house includes its entrance or connects via the garage, featuring a large family room with pool views, a full kitchen and a private bedroom with an en-suite bath, offering privacy and flexibility. Just 3.9 miles from The Villages Central Parkway and only 45 minutes from Orlando International Airport, this property provides convenient access to shopping, dining and entertainment.

Details

Property type

Single Family Residence

Est. home value

$727,934

Lot size

1.52 acres

Price per sq ft

$285

Year built

2002

Annual property taxes

$8,287

Monthly HOA fee

$29.17

Price History

02/14/2025
StellarMLS

StellarMLS #O6280972

Listed
$1,175,000
+62.07%
06/14/2023
StellarMLS

StellarMLS #O6110622

Sold
$725,000
+97.55%
04/24/2015
StellarMLS

StellarMLS #O5311457

Sold
$367,000
-3.42%

Schools & Community

Elementary school: 

Leesburg Elementary

Middle school: 

Oak Park Middle

High school: 

Leesburg High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$583,290
Asking price
$1,175,000
Closing costs (~8% of asking)
-$94,000
Est. remaining loan balance
-$497,710
Cash to seller
$583,290

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

South State Bank Na

Loan start date

June 2023

Original loan amount

$507,500

Est. remaining balance

$497,710

Interest rate

6.43%

Loan type

New Conventional, 30 year

Seller

Janet Reedy and Santina Reedy

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 8:35 AM

Listing updated: 02/19/2025 at 2:48 PM

Listed by: Shane Carson, PREMIER SOTHEBYS INT'L REALTY Phone #: (407) 480-5014

MLS: StellarMLS #O6280972

StellarMLS logo

Recently listed in OKAHUMPKA