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138 W Hermosa St, Lady Lake, FL, 32159

--beds
--baths
--sqft
$375,000
--price/sqft
$2,530/moest. monthly cost
$101,200/yrincome needed

About This Home

This corner commercial lot provides endless business opportunities with HC heavy commercial zoning . National chains, drive thru , cafe , retail or car parts and sales. Direct highway 441 frontage with multiple access points. There are over 30,000 vehicles that drive by this highly visible lot. This property is located only 3 miles from the Villages and sits across from the Hwy 466 intersection.

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

3/10
Carver Middle SchoolGrades 6-86.6 mi
2/10
Leesburg High SchoolGrades 9-128.0 mi

Construction

Condition

  • Year built: 1949

Materials

  • Roof: Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Property

Lot

  • Lot size: 0.29 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Hurricane
Inland Flooding
Lightning
Strong Wind
Tornado
Wildfire

FEMA Declared Disasters in Lake County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,896$22,752
Home Insurance *$197$2,364
Property Taxes $240$2,880
Electricity $197$2,366
Total$2,530$30,360
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$86,742/yr
40% on housing$75,900/yr
45% on housing$67,466/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.9%
14.9%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 32159$128
Lake County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 32159$208
Lake County$206

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-02Price change$399,999
2025-08-06Listed for sale$425,000
2025-07-23Listing removed$450,000
2025-07-12Listed for sale$450,000
2025-07-01Listing removed$450,000
2025-02-25Price change$450,000
2024-09-11Listed for sale$499,000

For Sale by Agent

AgentTaMara York
BrokerageEngel & Völkers Ocala

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