A desirable lakeside home in a Florida hot spot is on the market for $40K less than comparable properties in the same community, proof that while prices in the Sunshine State might be showing signs of creeping up, there are still bargains out there for those that look hard enough.

Article written by The Overseas Guides Company

The heavily reduced property, on the market for just $95,000 (£59,400), is a three-bedroom detached home in Davenport, with excellent access to Disney and other amenities. “It’s located on a resort community just 12 minutes from Disney, with lake access and surrounded by golf courses,” said the realtor promoting it, Reeve Leventhal at IRIS International. “The last Davenport home I listed under $100K sold in six hours!”

Three similar properties on the same community are currently on the market for between $134,000 (£83,750) and $139,950 (£87,500), making this property purchase very attractive.

Features of the property include an office, which could be a fourth bedroom, large architectural windows, vaulted ceilings, ceramic tiling in the kitchen and two bathrooms.
Considering closing costs to purchase, $3,000 in repairs and typical monthly running costs, the property would bring in a return on investment of 8.8-10 per cent, making it an ideal rental property as well as an inexpensive vacation home.

For details of property for sale in the USA, visit the American listings on Rightmove Overseas. One way to save money when buying in the USA is to use a currency specialist when transferring your pounds into dollars to complete the purchase of your property. Smart Currency Exchange can help you do this – for more information download their free guide by clicking here or visit the Currency Zone.

To understand the full step-by-step process to buying a property in America, collect The Overseas Guides Company’s ‘USA Property Buying Guide

The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc