508 BLUE FLAG DRIVE, Auburndale, FL, 33823 | $709,900

Now offered at $709, 900 with a rare 4. 875% ASSUMABLE mortgage rate - offering significant monthly savings compared to today's rates. Built in 2023, this custom lake-access residence offers over 3, 000 sq ft of single-story living in a gated resort-style community with access to two ski lakes. Welcome to modern living in the sought-after gated community of Water Ridge in Auburndale, where every home is CUSTOM CRAFTED and every view is a postcard! This 2023 BUILT single story **4 bedroom // 3 full bath // 2 offices + theater room** showstopper sits on a large . 27 ACRE LOT with gorgeous WATER VIEWS and is packed with modern UPGRADES, smart tech, and access to RESORT STYLE AMENITIES. Step inside and fall in love with the bright OPEN FLOOR PLAN, high ceilings, and LUXURY VINYL PLANK flooring throughout. In addition to four generous bedrooms, this home also delivers two dedicated office spaces, a TOP-OF-THE-LINE THEATER ROOM, and three full baths – perfectly designed for everyday comfort and elevated entertaining. At the heart of the home, the home chef’s dream kitchen stuns with a massive 13’ QUARTZ ISLAND with a WATERFALL EDGE, built-in wall oven, stylish solid wood cabinetry topped with crown molding, an abundance of drawer and cabinet storage, and sleek pending lighting. The SAMSUNG FAMILY HUB REFRIGERATOR is a functional showpiece and the TP-Link Deco Whole House Mesh System (5 nodes) keeps everything connected. The living room impresses with a BUILT-IN MEDIA WALL featuring 100" TV with Surround Sound System (included with sale), a dramatic 72” ELECTRIC FIREPLACE (2024), and a modern fan, all anchored by a wall of sliding glass doors that open to the COVERED LANAI and FULLY FENCED backyard beyond. The SPLIT BEDROOM layout provides privacy, while your PRIMARY SUITE delivers fresh, modern vibes with luxurious finishes and a spacious en-suite retreat. Residents should know, Water Ridge isn’t just a neighborhood – it is a lifestyle! You will enjoy access to 3 LAKES, 5 GATED ENTRANCES, 3 BOAT DOCKS, boat trailer storage, and 3 POOLS (two leisure, one lap). The clubhouse, fitness center, men’s and women’s saunas, sports courts, and pickleball and tennis facilities make every day feel like a vacation. Plus, with onsite HOA management, the community is as well maintained as it is beautiful. Whether you are seeking privacy, luxury, or an active lakefront lifestyle, Water Ridge offers it all just minutes from major highways and central to everything in Polk County. Call today to schedule a tour!

Features

  • Amenities: Basketball Court, Clubhouse, Fitness Center, Pickleball Court(s), Pool, Storage, Tennis Court(s)
  • Rooms: 12
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
  • Year Built: 2023
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 3,001
  • Acreage: 0.27
  • Est. Taxes: $8,381
  • HOA Fee: $1,050 Semi-Annually
  • Lot Desc: Landscaped, Oversized Lot, Sidewalk
  • View: Water
  • Elem. School: Caldwell Elem
  • Middle School: Stambaugh Middle
  • High School: Auburndale High School
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Microwave, Range Hood, Refrigerator, Wine Refrigerator
  • MLS#: O6350012
  • Days on Market: 219 days
  • Website: https://www.raveis.com
    /prop/O6350012/508blueflagdrive_auburndale_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 5/22/2026 10:17:10 AM)

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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508 BLUE FLAG DRIVE, Auburndale, FL, 33823

$709,900

Kate Yachini

Luxury Properties Specialist

William Raveis Real Estate

Phone: 843.683.5283

kate@kateyachini.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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $567,920 $567,920 $567,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.609% 6.887% 6.078%
Monthly Tax Payment $698 $698 $698
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,497 $3,636 $4,754
Total Monthly Payment $4,287 $4,426 $5,544

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.