$325,000
551 Grand Cayman Circle
Lakeland, FL 33803
Listing updated: July 15, 2026 at 5:12 PM ET
Listing courtesy of Exp Realty Llc · Russ Rhoads · MLS #L4958574 · Active · 888-883-8509Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Welcome to Villas on the Lake, a sought-after lakefront community on scenic Kelly Lake, where relaxed living meets an active, resort-style lifestyle. Residents enjoy an impressive lineup of amenities including a clubhouse, lakefront dock and boat ramp, sparkling pool, fitness room, shuffleboard, and tennis courts—perfect for staying social and enjoying Florida living at its best. This move-in ready, well-maintained 2-bedroom, 2-bath home offers an easy, open floor plan with a bright sunroom/den—an ideal spot to relax with morning coffee, read a book, or entertain friends. Ceramic tile flooring throughout provides a clean, cohesive look and effortless maintenance. The updated kitchen features warm maple wood cabinetry, granite countertops, a stainless steel sink, newer appliances, and a cozy breakfast nook. Deep pantry-style cabinetry offers excellent storage and keeps everything neatly tucked away. The spacious primary suite includes a walk-in closet, mounted TV (included), and window treatments. The primary bath has been tastefully updated with a wood vanity, granite countertop, decorative bowl sink, and a walk-in shower with a glass door. A nicely updated guest bath with a pedestal sink adds charm and convenience for visitors. Additional highlights include a 2-car garage with pull-down attic access, washer and dryer included, A/C and water heater (2008), and roof and gutters replaced in 2010. Enjoy truly low-maintenance living in a friendly, lakefront community—schedule your private showing today and start enjoying the lifestyle you deserve. (Price adjustment because of a posting error)
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history180 days on market
- Status: ActiveJan 16, 2026
- Listed$325,000Jan 16, 2026
- Price increased$325,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 180
- Subdivision
- Villas By Lake
- County
- Polk
- Year built
- 1995
- Living area
- 1,260 sq ft
- Price/sq ft
- $258
- Building area
- 1,800 sq ft (Public Records)
- Lot size
- 4,914 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12105C0480G)
- Garage
- 2 spaces
- Annual taxes
- $1,391 (2025)
- Parcel #
- 23-28-36-139032-000470
- Zoning
- RES
- MLS #
- L4958574
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Ceramic Tile
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Walk-In Closet(s), Window Treatments
- Laundry
- In Garage
- Stories / Levels
- One
- Direction faces
- West
- Fireplace
- Yes
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
- Parking features
- Driveway, Garage Door Opener
HOA & Financial
- HOA fee
- $945 / Quarterly
- Monthly HOA
- $315/mo
- Total monthly fees
- $315/mo
- Total annual fees
- $3,780
- HOA name
- Dave Rhinehart
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- No
- Lease restrictions
- Yes
- Additional lease restrictions
- Buyer or Buyers Agent should verify all lease restrictions with the HOA directly.
- Approval process
- Buyer or Buyers Agent should verify any approval process with the HOA directly.
Exterior & Construction
- Exterior features
- Lighting, Sidewalk
- Construction materials
- Block, Brick
- Roof
- Shingle
- Foundation
- Slab
- Water access
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected
Community
- Pets allowed
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 13x15 |
| Dining Room | First | 11x13 |
| Florida Room | First | 9x11 |
| Kitchen | First | 12x10 |
| Dinette | First | 9.5x6 |
| Primary Bedroom | First | 12x15 |
| Primary Bathroom | First | 5x11 |
| Bedroom 2 | First | 10.5x14 |
| Bathroom 2 | First | 5x9 |
Listing Details
- Listing date
- 2026-01-16
- On market date
- 2026-01-16
- Original list price
- $325,000
- Occupant type
- Owner
- MLS area
- 33803 - Lakeland
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-01-16
- Tax legal description
- VILLAS BY-THE-LAKE PB 87 PGS 37 & 38 LOT 47 & INT IN REC AREA & COMMON AREAS
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
West on N Parkway Frontage Rd to Villas By The Lake, North on Caribbean Dr to Grand Caymen Circle to 551.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of July 15, 2026 at 5:12 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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