Under contract-accepting backup offers. ASSUMABLE 2.25% FHA LOAN AVAILABLE FOR QUALIFIED BUYERS! This expanded Bayberry Designer Home in the sought-after Village of Osceola Hills offers the rare combination of flexible living space, a 2-car plus golf cart garage, climate-controlled enclosed lanai, and approximately 2,000 sq. ft. of beautifully maintained living space—all just a short golf cart ride to championship golf, recreation centers, shopping, dining, and nightly entertainment in The Villages. Welcome to 481 Island House Path, where comfort, style, and the renowned Villages lifestyle come together. Built with durable block and stucco construction, this thoughtfully designed 3-bedroom, 3-bath home offers an open floor plan ideal for everyday living and entertaining. A charming screened front porch creates a welcoming first impression and provides the perfect spot to enjoy your morning coffee or visit with neighbors. Inside, you will find luxury vinyl flooring throughout, and an open-concept design that creates a bright, spacious feel. The kitchen is the heart of the home, featuring quartz countertops, abundant cabinetry, generous workspace, and a seamless flow into the dining and living areas—perfect for hosting family and friends. The spacious primary suite offers a relaxing retreat with a large walk-in closet and an ensuite bath featuring a Roman shower. Two additional bedrooms and two full bathrooms provide excellent privacy and flexibility for guests, hobbies, or a home office. One of this home's standout features is the private enclosed rear lanai, complete with its own mini-split heating and cooling system, creating valuable year-round living space that can serve as a Florida room, hobby area, fitness room, or second living area. Combined with the screened front porch, this home offers exceptional indoor-outdoor living. Additional highlights include the spacious 2-car plus golf cart garage and beautiful curb appeal in one of The Villages' most desirable neighborhoods. An exceptional financial opportunity awaits qualified buyers with an assumable FHA mortgage of approximately $213,000 at an incredibly low 2.25% interest rate, maturing in October 2050—potentially providing significant monthly savings compared to today's market rates.
Accepting backups
Price cut: $10.2K (7/27)
$514,700
481 ISLAND HOUSE PATH, THE VILLAGES, FL 32163
3beds
1,903sqft
Single Family Residence
Built in 2017
5,618 Square Feet Lot
$-- Zestimate®
$270/sqft
$204/mo HOA
What's special
Generous workspaceFlexible living spaceBeautiful curb appealCharming screened front porchSpacious primary suiteClimate-controlled enclosed lanaiLuxury vinyl flooring throughout
- 141 days
- 672
- 24
Zillow last checked:
Listing updated:
Listed by:
Holly McEntire 352-640-0144,
REALTY EXECUTIVES IN THE VILLAGES 352-753-7500
Source: Stellar MLS,MLS#: G5111007
Originating MLS: Ocala - Marion

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Utility Room
Primary bedroom
- Features: En Suite Bathroom, Walk-In Closet(s)
- Level: First
Bedroom 2
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
Bedroom 3
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
Primary bathroom
- Features: Shower No Tub, Linen Closet
- Level: First
Bathroom 2
- Features: Shower No Tub, No Closet
- Level: First
Bathroom 3
- Features: Tub With Shower, No Closet
- Level: First
Kitchen
- Features: Bar, No Closet
- Level: First
Living room
- Features: Ceiling Fan(s), No Closet
- Level: First
Heating
- Heat Pump
Cooling
- Central Air, Ductless
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry: Electric Dryer Hookup, Inside, Laundry Room
Features
- Ceiling Fan(s), High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
- Flooring: Laminate
- Doors: Sliding Doors
- Has fireplace: No
Interior area
- Total structure area: 2,784
- Total interior livable area: 1,903 sqft
Property
Parking
- Total spaces: 3
- Parking features: Golf Cart Garage
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Exterior features: Irrigation System
Lot
- Size: 5,618 Square Feet
- Features: Landscaped, Near Golf Course
Details
- Parcel number: G13G116
- Zoning: RESI
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Features: Clubhouse, Deed Restrictions, Gated Community - No Guard, Golf Carts OK, Pool
- Pet fee: $0 monthly
- Senior community: Yes
- Subdivision: VILLAGES/SUMTER UN 191
HOA
- Has HOA: Yes
- Amenities included: Gated, Golf Course, Pickleball Court(s), Pool, Recreation Facilities, Shuffleboard Court
- HOA fee: $204 monthly
Location
- Region: The Villages
Financial & listing details
- Price per square foot: $270/sqft
- Tax assessed value: $423,190
- Annual tax amount: $5,735
- Date on market: 4/14/2026
- Cumulative days on market: 142 days
- Listing terms: Assumable,Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Price change | $514,700-1.9%$270/sqft |
Source: | ||
| 7/1/2026 | Price change | $524,900-0.9%$276/sqft |
Source: | ||
| 4/14/2026 | Listed for sale | $529,900+53.6%$278/sqft |
Source: | ||
| 10/2/2020 | Sold | $345,000+37.2%$181/sqft |
Source: Public Record Report a problem | ||
| 6/14/2017 | Sold | $251,400$132/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,736 +1.9% | $357,770 +2.9% |
| 2024 | $5,630 +4.4% | $347,690 +3% |
| 2023 | $5,394 -1.8% | $337,570 +3% |
| 2022 | $5,492 -3.9% | $327,740 +3% |
| 2021 | $5,715 +9.5% | $318,200 +18.3% |
| 2020 | $5,217 | $268,910 +2.3% |
| 2019 | $5,217 0% | $262,870 -0.9% |
| 2018 | $5,219 +4.8% | $265,350 +1474.8% |
| 2017 | $4,982 +104.3% | $16,850 |
| 2016 | $2,439 0% | $16,850 +423.3% |
| 2015 | $2,440 | $3,220 |
Find assessor info on the county website
Monthly payment
Est. payment




