Price Improvement! Located behind the gates of the prestigious Reserve at Belmere in sought-after Windermere, this exceptional Mediterranean-inspired estate offers a rare blend of timeless architecture, modern luxury and thoughtful custom enhancements. Built in 2004 by the original owners and expanded during construction, the residence offers more than 3,427 square feet of refined living space and over 4,528 total square feet, creating a larger footprint than many comparable homes within the community. Extensively upgraded with more than $250,000 in recent improvements, this meticulously maintained home showcases true pride of ownership. Significant updates completed within the last three years include three new Trane HVAC systems, replacement windows, premium appliances, pool renovations, designer lighting and numerous interior and exterior enhancements. From the moment you enter, soaring 24-foot ceilings and elegant architectural details set the tone. Crown molding, coffered ceilings, engineered hardwood flooring, custom window treatments and a marble wood-burning fireplace create a sophisticated yet inviting atmosphere. Expansive glass sliding doors frame the outdoor living spaces and provide seamless indoor-outdoor flow ideal for everyday living and entertaining. The chef’s kitchen has been thoughtfully curated with luxurious quartzite countertops, custom pullout cabinetry with rotating shelving systems and an impressive suite of premium German appliances, including a Miele built-in coffee system, convection oven, dishwasher and refrigerator. A professional-grade 48-inch chef gas range with six burners and a griddle, custom lighting and a built-in three-stage water filtration system complete the space. Privately on the main level, the primary suite offers a tranquil retreat with coffered ceilings, newly installed commercial-grade carpeting, serene pool views and direct patio access. The spa-inspired primary bath is appointed with marble and travertine finishes, a soaking tub, a separate shower and custom walk-in closet built-ins. Upstairs, generously sized secondary bedrooms and a spacious loft overlook the formal living and dining areas below. Designed for elevated outdoor living, the resort-style backyard features a resurfaced saltwater pool and spa, an updated pool heater, decorative fountains, remote-controlled pool systems and multiple entertaining areas surrounded by lush European-inspired landscaping, stone pathways and manicured grounds. Canary palms and mature landscaping create a private, luxurious setting. Additional highlights include a new front entry door, an oversized three-car garage, an upgraded security system, a partial roof replacement and designer chandeliers and lighting throughout. Ideally located in one of Windermere’s premier gated communities, residents of Reserve at Belmere enjoy convenient access to top-rated schools, dining, shopping, golf, major roadways and the area’s renowned luxury lifestyle offerings.
For sale
Price cut: $50K (5/29)
$1,350,000
1554 Lake Rhea Dr, Windermere, FL 34786
4beds
3,427sqft
Single Family Residence
Built in 2004
0.28 Acres Lot
$-- Zestimate®
$394/sqft
$241/mo HOA
What's special
Generously sized secondary bedroomsDecorative fountainsLuxurious quartzite countertopsOversized three-car garageUpdated pool heaterSerene pool viewsCustom lighting
- 48 days |
- 1,009 |
- 64 |
Zillow last checked:
Listing updated:
Listed by:
Adam Shuler, II 407-949-4495,
PREMIER SOTHEBYS INT'L REALTY 407-581-7888,
Shandy Ortiz 407-427-8619,
PREMIER SOTHEBYS INT'L REALTY
Source: Stellar MLS,MLS#: O6406297
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Family Room, Dining Room, Living Room, Great Room, Loft, Storage Rooms
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
Bedroom 2
- Features: Walk-In Closet(s)
- Level: Second
Bedroom 3
- Features: Built-in Closet
- Level: Second
Great room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central, Electric, Zoned
Cooling
- Central Air, Humidity Control, Zoned
Appliances
- Included: Oven, Convection Oven, Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Washer, Water Filtration System
- Laundry: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Features
- Built-in Features, Coffered Ceiling(s), Crown Molding, Eating Space In Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Engineered Hardwood, Porcelain Tile, Tile, Travertine
- Doors: Sliding Doors
- Windows: Blinds, Window Treatments
- Has fireplace: Yes
- Fireplace features: Decorative, Living Room, Wood Burning
Interior area
- Total structure area: 4,528
- Total interior livable area: 3,427 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Garage Door Opener, Ground Level
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Approach with Ramp, Accessible Bedroom, Accessible Common Area, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances, Accessible Central Living Area, Accessible Washer/Dryer, Central Living Area
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio, Screened
- Exterior features: Irrigation System, Lighting, Private Mailbox, Rain Gutters, Sidewalk, Sprinkler Metered
- Has private pool: Yes
- Pool features: Child Safety Fence, Gunite, Heated, Lighting, Outside Bath Access, Salt Water, Screen Enclosure, Tile
- Has spa: Yes
- Spa features: Heated, In Ground
- Has view: Yes
- View description: Pool
- Waterfront features: Lake
Lot
- Size: 0.28 Acres
- Features: Landscaped, Level, Sidewalk, Above Flood Plain
- Residential vegetation: Mature Landscaping, Trees/Landscaped
Details
- Additional structures: Shed(s)
- Parcel number: 312228735302090
- Zoning: P-D
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mediterranean
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Tile
Condition
- Completed
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Sprinkler Meter, Street Lights, Underground Utilities, Water Connected
Green energy
- Indoor air quality: Air Filters MERV 10+, HVAC UV/Elec. Filtration, Moisture Control
Community & HOA
Community
- Features: Dock, Lake, Fitness Center, Gated Community - Guard, Park, Playground, Sidewalks, Tennis Court(s)
- Security: Closed Circuit Camera(s), Gated Community, Key Card Entry, Security Gate, Security System, Security System Owned, Smoke Detector(s), Fire/Smoke Detection Integration, Lightning Protection System
- Pet fee: $0 monthly
- Subdivision: RESERVE AT BELMERE
HOA
- Has HOA: Yes
- Amenities included: Basketball Court, Clubhouse, Fitness Center, Gated, Maintenance, Park, Pickleball Court(s), Playground, Security, Tennis Court(s)
- Services included: 24-Hour Guard, Cable TV, Reserve Fund, Maintenance Grounds, Manager, Recreational Facilities, Security
- HOA fee: $241 monthly
- HOA name: Sentry Management/Carlos
- HOA phone: 352-243-4595
Location
- Region: Windermere
Financial & listing details
- Price per square foot: $394/sqft
- Tax assessed value: $848,958
- Annual tax amount: $9,102
- Date on market: 5/8/2026
- Cumulative days on market: 49 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Price change | $1,350,000-3.6%$394/sqft |
Source:  Stellar MLS #O6406297 Report a problem | ||
| 5/8/2026 | Listed for sale | $1,400,000+159.5%$409/sqft |
Source: Stellar MLS #O6406297 Report a problem | ||
| 6/25/2004 | Sold | $539,600$157/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,754 +7.3% | $563,383 +3% |
| 2023 | $8,158 +3.2% | $546,974 +3% |
| 2022 | $7,902 +1.3% | $531,043 +3% |
| 2021 | $7,799 +0.7% | $515,576 +1.4% |
| 2020 | $7,744 +1% | $508,458 +2.3% |
| 2019 | $7,670 +0.7% | $497,026 +1.9% |
| 2018 | $7,614 | $487,759 -1.4% |
| 2017 | $7,614 +1.2% | $494,518 +2.1% |
| 2016 | $7,523 +0.3% | $484,374 +2.9% |
| 2015 | $7,499 -3% | $470,657 -0.8% |
| 2014 | $7,727 +2.1% | $474,431 +3.9% |
| 2013 | $7,569 +1% | $456,596 -1.4% |
| 2012 | $7,492 +2.8% | $463,057 +6.8% |
| 2011 | $7,291 -2.6% | $433,550 -4.9% |
| 2010 | $7,482 | $455,738 -7.9% |
| 2009 | -- | $494,928 -20.1% |
| 2008 | $7,425 +0.9% | $619,139 -1.5% |
| 2007 | $7,357 -6% | $628,791 +29.4% |
| 2006 | $7,830 +0.1% | $485,869 +10.7% |
| 2005 | $7,825 +527.6% | $439,028 +631.7% |
| 2004 | $1,247 +11.4% | $60,000 |
| 2003 | $1,120 +0.1% | $60,000 |
| 2002 | $1,119 | $60,000 |
Find assessor info on the county website
Monthly payment
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Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 34786
Nearby schools
GreatSchools rating
- 10/10Lake Whitney Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 8/10SunRidge Middle SchoolGrades: 6-8Distance: 3.5 mi
- 7/10West Orange High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Lake Whitney Elem
- Middle: SunRidge Middle
- High: West Orange High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Orange County
- Windermere
- 34786
- 1554 Lake Rhea Dr
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