505 OAK DRIVE, TAVARES, FL, 32778
Active30 days on marketListed Jun 25, 2026MLS #O6419927
About this home
505 OAK DRIVE
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.
Facts & features
The home at a glance
3
Bedrooms
1.5
Bathrooms
1,053
Sqft
0.2 ac
Lot size
1985
Year built
One
Levels
$233
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,757 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,757/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−0.6%
$/sqft vs Tavares actives
$233 vs $193
Days on market
30 vs 40 typical
Where $233/sqft sits among the 250 Tavares actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Tavares
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Tavares. See the full Tavares guide →
TAVARES 32778 — neighborhood snapshot
Population
25,099
Median age
53.8
Median income
$61,815
Median home value
$241,500
Avg household
2.16
Households w/ children
2,209
For the school run
Lake County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Tavares market
$324K → $345K
Tavares median sold, yr/yr
96.7%
Sale-to-list ratio (12 mo)
119 of 250
Tavares actives have cut their price
Median sold price, Tavares, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 26% below the TAVARES 32778 median. See the full Tavares market guide →
Paper trail
This home's history
Reality check
What actually sold near 505 OAK DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$255,000
1550 PALM AVENUE · same community
3 bd · 1.5 ba · 1,053 sqft · $242/sqft · 56 DOM
Sold · Feb ’26$120,000
495 FERN AVENUE · same community
3 bd · 3 ba · 1,198 sqft · $100/sqft · 0 DOM
Sold · Apr ’26$236,000
540 FERN AVENUE · same community
3 bd · 1.5 ba · 1,350 sqft · $175/sqft · 410 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 505 OAK DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 505 OAK DRIVE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Straight answers
505 OAK DRIVE FAQs
What would the monthly payment be for 505 OAK DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,757/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 505 OAK DRIVE?+
The most recent tax bill on record (2025) was $557. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 505 OAK DRIVE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Tavares?+
At $245,000, this home is listed about 26% below the Tavares median of $329,999. The market section on this page shows how the area is trending.
Which schools are assigned to 505 OAK DRIVE?+
Tavares High School (high), Tavares Elementary School (elementary), Tavares Middle School (middle) — Lake County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of MARK SPAIN REAL ESTATE · Christine Landrau. MLS #O6419927.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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