1252 E LAKE DRIVE, Tarpon Springs, FL, 34688 | $1,175,000

Contract fell through due Buyers financing, not the appraisal. Build Your Dream Home on 5. 7 Acres Overlooking a Pond—Complete with Guest House, 3-Bay Workshop & More! Endless opportunities await on this scenic 5. 7-acre property. Whether you’re ready to create your custom estate or enjoy the thoughtfully designed guest house. This property offers comfort, flexibility, and room to grow. The guest house, built with solid poured concrete reinforced with steel and rebar, is exceptionally well-constructed and designed. On the main level, you’ll find a spacious office with custom built-in cabinetry, a bedroom, and 2 sitting areas—one with a Murphy bed that can easily convert into a private suite with its own kitchenette and private entrance. Plantation shutters add timeless elegance, while a bright sitting room opens to beautifully landscaped grounds featuring a swim spa, expansive deck, and an outdoor kitchen. The custom Blaze grill with smoker is set within a built-in enclosure complete with a protective metal door—perfect for entertaining in any season. The second level of the guest house feels like a private residence of its own, complete with a full kitchen, living room, dining space, private balcony, a generously sized bedroom with two walk-in closets, and a full bathroom. Huge garage on the house with a kitchen area complete with a dishwasher located on an upper level of the garage and right by the grilling area! Guest house has an incredible garage with tons of storage and can accomodate 2 RV's. Car enthusiasts, light industrial work, and hobbyists will also love the huge metal 3-bay workshop with its own bathroom. This versatile building is ideal for storing cars, RVs, boats, or lawn/large equipment, and also includes an upper-level storage loft that could double as an office. An additional covered side bay provides even more space for equipment. With 5. 7 acres of open land and a serene pond backdrop, there’s plenty of room for equestrian use, gardens, or building your dream residence. This property offers the perfect blend of function, leisure, and future potential. The metal roof on guest house was replaced in 2022!

Features

  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Year Built: 2002
  • Garage: 4-car Garage Door Opener, Garage Faces Side, Ground Level, Guest, Oversized, RV Garage
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,225
  • Acreage: 5.7
  • Est. Taxes: $10,917
  • View: Trees/Woods
  • Appliances: Gas Water Heater, Range, Refrigerator
  • MLS#: TB8431734
  • Days on Market: 72 days
  • Website: https://www.raveis.com
    /eprop/TB8431734/1252elakedrive_tarponsprings_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 1/9/2026 6:32:08 PM)
Listing courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL   Phone: 727-493-1555

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1252 E LAKE DRIVE, Tarpon Springs, FL, 34688

$1,175,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $940,000 $940,000 $940,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.241% 6.110% 5.972%
Monthly Tax Payment $910 $910 $910
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,337 $5,636 $7,806
Total Monthly Payment $6,372 $6,671 $8,841

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.