487 OCHO RIOS AVENUE, TAVARES, FL, 32778
Active137 days on marketListed Mar 23, 2026MLS #TB8487209
About this home
487 OCHO RIOS AVENUE
“NEW ROOF + COMMUNITY POOL! Beautiful 3BR home in Groves at Baytree on a Quarter Acre Homesite!” Welcome to this beautifully maintained 3-bedroom, 2-bathroom home located in the desirable Groves at Baytree Community in Tavares. Built in 2015, this home offers over 1,500 square feet of comfortable living space with a functional open layout designed for both everyday living and entertaining. One of the standout features of this home is the brand-new roof installed just one month ago, providing peace of mind and long-term value for the next owner. As you enter the home, you are welcomed by a bright and inviting living area that flows seamlessly into the dining space and kitchen. The kitchen offers plenty of cabinet and counter space and overlooks the main living areas, making it perfect for hosting gatherings or staying connected with family and guests. The split-bedroom floor plan provides added privacy, with a spacious primary suite that includes a walk-in closet and private en-suite bathroom. The additional bedrooms are generously sized and share a well-appointed second bathroom. Step outside to enjoy the large fenced in PRIVATE backyard situated on nearly a quarter-acre homesite, offering plenty of room for outdoor entertaining, pets, gardening, or future upgrades. Residents of Groves at Baytree enjoy access to community amenities including a resort-style pool, playground, and walking areas, providing a great environment for relaxation, recreation, and connecting with neighbors. Conveniently located near downtown Tavares, Mount Dora, shopping, dining, and major roadways, this home offers easy access to everything Lake County has to offer while still providing a peaceful neighborhood setting. Whether you're a first-time homebuyer, growing family, or investor, this home is a fantastic opportunity in a sought-after area. Schedule your private showing today and come see everything this property has to offer!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,542
Sqft
0.25 ac
Lot size
2
Garage
2015
Year built
One
Levels
$198
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.
$2,587 /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
$2,587/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.
vs edgeAI estimate
−10.4%
$/sqft vs Tavares actives
$198 vs $193
Days on market
137 vs 47 typical
Where $198/sqft sits among the 242 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 → $313K
Tavares median sold, yr/yr
96.8%
Sale-to-list ratio (12 mo)
115 of 242
Tavares actives have cut their price
Median sold price, Tavares, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 6% below the TAVARES 32778 median. See the full Tavares market guide →
Paper trail
This home's history
Reality check
What actually sold near 487 OCHO RIOS AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$345,000
640 WOODVIEW DRIVE
3 bd · 2 ba · 1,564 sqft · $221/sqft · 20 DOM
Sold · Apr ’26$305,000
3233 MYAKKA RIVER ROAD
2 bd · 2 ba · 1,571 sqft · $194/sqft · 86 DOM
Sold · Aug ’25$315,000
2409 MARTINS RUN
3 bd · 2 ba · 1,505 sqft · $209/sqft · 37 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 487 OCHO RIOS AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 487 OCHO RIOS AVENUE — 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
487 OCHO RIOS AVENUE FAQs
What would the monthly payment be for 487 OCHO RIOS AVENUE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,587/mo — principal and interest, the actual property-tax bill, the $72/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 487 OCHO RIOS AVENUE?+
The association fee works out to $72 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 487 OCHO RIOS AVENUE?+
The most recent tax bill on record (2025) was $5,095. 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 487 OCHO RIOS AVENUE?+
The listing reports pets: 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 $305,000, this home is listed about 10% below the Tavares median of $338,000. The market section on this page shows how the area is trending.
Which schools are assigned to 487 OCHO RIOS AVENUE?+
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
01Under the TAVARES 32778 market on paper
$305,000 is 6% below the TAVARES 32778 median of $325,000, and at $198/sqft it sits under the Tavares average of $222.
02Time on market is leverage
137 days on market against a Tavares median of 47 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $325,000, now $305,000 — a $20K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of FLORIDA EXECUTIVE REALTY · Mario Brown. MLS #TB8487209.
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.
Never miss a listing
New Tavares homes, in your inbox
Like 487 OCHO RIOS AVENUE but not quite? A daily digest of every new listing in Tavares — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →