492 CARIBBEAN DRIVE
Lakeland, FL, 33803 $ 275,000
Bedrooms2 Baths2.0 Sq 1,542 Monthly Estimate*
$ 1,716
for $275,000 with 2 bedrooms and 2 full baths. This 1,542 square foot home was built in 1989 on a lot size of 0.14.
Lakefront Villa with Low HOA & Water Views in Lakeland, FL – Updated, Move-In Ready, and Minutes from Everything! Experience the best of Lakeland, Florida real estate with this beautifully updated 2-bedroom, 2-bath lakefront villa offering panoramic water views and resort-style amenities. Perfectly situated in one of Central Florida’s most desirable locations, this single-story home combines maintenance-free living, a low HOA fee, and easy access to shopping, dining, and recreation. Step inside to an updated kitchen with custom cabinets, stainless steel appliances, and durable tile flooring—ideal for low-maintenance living. The open-concept layout and vaulted ceilings create a bright, airy atmosphere, with skylights and sliding glass doors that open to a spacious sunroom overlooking the lake. Enjoy serene mornings, birdwatching, or evening sunsets right from your own home. The primary suite is a comfortable retreat with a king-sized layout, walk-in closet, built-in desk, and a private bath with an easy-access, low-threshold shower—perfect for aging in place or those who appreciate accessible home features. The second bedroom and bath offer equally convenient accommodations. Outside, relax on your covered front patio or take advantage of your oversized one-car garage for extra storage. The low monthly HOA includes yard maintenance, cable, internet, and more—giving you more time to enjoy the community pool, tennis courts, fitness center, and clubhouse, all with no age restrictions. Located just minutes from Lakeside Village, medical centers, golf courses, parks, and the Polk Parkway, you’ll have easy access to Downtown Lakeland, Tampa, and Orlando. Don’t miss this rare opportunity to own a piece of Lakeland’s lakefront lifestyle. Schedule your private showing today! WE WILL NEVER DIRECTLY ASK YOU TO INITIATE A WIRE TRANSFER. PLEASE CALL YOUR AGENT SHOULD YOU RECEIVE ANY EMAILS TO THE CONTRARY.
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FeaturesInteriorInterior Amenities ceiling fan(s) living room/dining room combo open floorplan split bedroom stone counters walk-in closet(s)
Flooring tile hardwood
Total Stories 1
Air Conditioning Y/N yes
Heating Y/N yes
Fireplace Y/N no
Half Baths 0
Laundry Features in garage
Total Bedrooms 2
Total Baths 2
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GeneralSewer public sewer
Heating central
Cooling central air
Utilities public
Roof shingle
Appliances built-in oven dishwasher dryer freezer microwave refrigerator washer
Zoning sfr
HOA Fee 545
Garage Spaces 2
Construction Materials block wood frame (fsc certified)
Pets Allowed yes
Year Built 1989
View water
Levels one
Property Subtype single family residence
Tax Year 2024
Ownership fee simple
Waterfront Features lake front
Assoc Fee Paid Per quarterly
County polk
New Construction no
Property Type residential
Association Amenities basketball court cable tv clubhouse fitness center pool recreation facilities
HOA Y
Attached Garage yes
Subdivision Name villas by lake
Facing Direction north
Garage Y/N yes
Total Rooms 4
Full Baths 2
Status active
Directions southbound on s florida ave turn right onto parkway frontage rd n then turn right onto caribbean dr follow to home around the turn it's located on the right northbound on s florida ave turn left onto
City lakeland
Body of Water kelly lake
Association Name david rheinhart
Senior Community Y/N no
MLS Area 33803 - lakeland
Lot Size Units square feet
Lot Size Square Feet 6094
Carport Y/N no
Land Lease Y/N no
Tax Annual Amount 3827
Property Condition completed
Additional Parcels Y/N no
Lease Considered Y/N no
Building Area Units square feet
Living Area Units square feet
Standard Status active
Occupancy Type owner
Tax Lot 18
Legal Description villas by-the-lake pb 87 pgs 37 & 38 lot 18 & int in rec area & common areas
Water View lake
Water Access Type lake
Water Access Y/N yes
Monthly HOA Amount 181.67
Water View Y/N yes
Flood Zone Code x
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ExteriorExterior Amenities irrigation system sliding doors
Lot Features landscaped
Water Source public
Lot Size Area 6094
Foundation Details slab
Building Area Total 2125
Lot Dimensions 45 x 132
Lot Size Acres 0.14
Road Surface Type paved
Private Pool no
Waterfront Y/N yes
Covered Spaces 2
Road Frontage Type street paved
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* Excluded FeaturesList ByMark Spain Real EstateBroker
jzmeyers1919@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,716
- Monthly Property Taxes
- $319
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lakeland, FL
Average List Price $411,539
Percent of Sale Price 50%
About Lakeland, FL 108,488 Population
23% Since 2002
$ 42,582 Median Income
39.8 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/27/2025 | $275,000 | -6.78% | Price Down |
| 10/10/2025 | $295,000 | -3.28% | Price Down |
| 7/17/2025 | $305,000 | -7.58% | Price Down |
| 5/6/2025 | $330,000 | | Listed Price |