31609 TERRACE DRIVE, TAVARES, FL, 32778
Active101 days on marketListed Apr 25, 2026MLS #G5111493
About this home
31609 TERRACE DRIVE
Welcome to your waterfront oasis! Built in 2021, this fully furnished 3 bedroom/2 bathroom modular home is situated on a canal with direct access to the Harris Chain of Lakes, offering the perfect blend of contemporary comfort and the serene Florida lifestyle! Step inside to an open-concept floor plan highlighted by crown molding and luxury vinyl flooring throughout for a sleek, low-maintenance finish. The heart of the home is the chef-inspired kitchen, boasting Whirlpool stainless steel appliances, an oversized island, and a farmhouse sink perfectly positioned to overlook the water. The spacious primary suite offers a large walk-in closet and a private ensuite bath with a double vanity and a modern walk-in shower and linen closet. Just steps from the primary suite, find a convenient INDOOR laundry room. Whether you need a dedicated home office, hobby room, or cozy guest space, the two additional bedrooms provide total flexibility. Life on the water is made easy with a newly reinforced dock, and the dock walkway has been newly updated. Canal-side irrigation well offers significant savings on water usage. This property also features a a PEST GUARD SYSTEM in-place around the outside perimeter. The large lot and expansive outdoor living areas-including a covered porch and an open patio-capture stunning panoramic views, while the private boathouse ensures your boat is always ready for a day on the Harris Chain of Lakes. This property offers a double driveway with space for three vehicles, PLUS a golfcart! You will love the TWO sheds for additional storage space/workshop area. HOA/COMMUNITY: Imperial Terrace West is a highly desirable 55+ retirement community offering AMENITIES galore! Community amenities include a clubhouse, boat slips, Harris Chain of Lakes access, shuffleboard courts, an indoor pool and hot tub, and so much more! Featuring a low HOA fee and NO LOT RENT - you OWN the land! Imperial Terrace is located off Hwy 441, just minutes from shopping, dining, entertainment, state-of-the-art medical facilities, PLUS, renowned local destinations - Mount Dora and The Villages! Easily commute to the beach coasts, Orlando attractions, airports and everywhere exciting that makes Floridians love living ‘central’ in the Sunshine State, year ‘round or seasonal. Call to schedule your personal tour today!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,235
Sqft
0.13 ac
Lot size
2021
Year built
One
Levels
$271
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,540 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,540/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Tavares actives
$271 vs $193
Days on market
101 vs 46 typical
Where $271/sqft sits among the 244 Tavares actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Tavares
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Tavares. See the full Tavares guide →
TAVARES 32778 — neighborhood snapshot
Population
25,099
Median age
53.8
Median income
$61,815
Median home value
$241,500
Avg household
2.16
Households w/ children
2,209
For the school run
Lake County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Tavares market
$318K → $305K
Tavares median sold, yr/yr
96.8%
Sale-to-list ratio (12 mo)
112 of 244
Tavares actives have cut their price
Median sold price, Tavares, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 3% above the TAVARES 32778 median. See the full Tavares market guide →
Paper trail
This home's history
Reality check
What actually sold near 31609 TERRACE DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$257,000
11506 JOHNSON CIRCLE · same community
2 bd · 2 ba · 1,240 sqft · $207/sqft · 42 DOM
Sold · Jan ’26$185,900
31545 TERRACE DRIVE · same community
2 bd · 2.5 ba · 1,438 sqft · $129/sqft · 187 DOM
Sold · Aug ’25$380,000
31714 TERRACE DRIVE · same community
2 bd · 2 ba · 1,704 sqft · $223/sqft · 0 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 31609 TERRACE DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 31609 TERRACE DRIVE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
31609 TERRACE DRIVE FAQs
What would the monthly payment be for 31609 TERRACE DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,540/mo — principal and interest, the actual property-tax bill, the $25/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 31609 TERRACE DRIVE?+
The association fee works out to $25 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 31609 TERRACE DRIVE?+
The most recent tax bill on record (2025) was $2,812. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 31609 TERRACE DRIVE?+
The listing reports pets: Cats OK, Dogs OK, Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Tavares?+
At $335,000, this home is listed about 1% below the Tavares median of $337,000. The market section on this page shows how the area is trending.
Which schools are assigned to 31609 TERRACE DRIVE?+
Tavares High School (high), Tavares Elementary School (elementary), Tavares Middle School (middle) — Lake County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
02Time on market is leverage
101 days on market against a Tavares median of 46 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $345,000, now $335,000 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of BHHS FLORIDA REALTY · Missy Conway. MLS #G5111493.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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