$125,000 in a complex where renovated units sell for $180,000-$250,000. Same floorplan, fully updated, closed at $225,000 in February 2025. Run the numbers. 2BR/2BA, approx. 970 sq ft, second floor with elevator. Cleaned out and ready for immediate demo. Full interior renovation needed. Sold strictly AS-IS. Open living/dining, wall of sliders to enclosed Florida room adding extra living space beyond the listed footage, split bedrooms, primary with en-suite bath. Lake Tarpon Sail & Tennis Club: waterfront community on one of Florida's best fishing and skiing lakes. Private boat ramp, first-come slips, fishing pier, kayak launch, heated pool, lighted tennis and pickleball, fitness center, lakeside clubhouse. Flood Zone X - no flood insurance. Minutes to the Sponge Docks and Gulf beaches. HOA $680/month covers building insurance, water, sewer, trash, cable, internet, exterior/grounds maintenance, and all amenities. Association approval required. Two years ownership required before leasing - built for a renovate-and-resell exit or an owner-occupant buying the lowest-priced unit in a lake community that resells in the $200,000s.