1025 Cove Lane
WINTER HAVEN, FLORIDA
Renovated Single-Family Residence
Project Snapshot
Property Type
Single-Family Residence
Bedrooms / Bathrooms
3 Bed / 2 Bath
Square Footage
1,079 sq ft
Year Built
1986
Year Acquired
2022
Year Completed
2023
Exit Type
Sold
Project Status
Successfully sold to owner-occupant
The Opportunity
Prior Condition
A 1986 single-family home that had been a rental property for over a decade. The house showed significant wear from tenant use, outdated finishes throughout, and deferred maintenance on major systems including HVAC and roof. The kitchen and bathrooms were original to the home and needed complete renovation.
Why We Acquired It
The location in Winter Haven offered strong fundamentals—established neighborhood with good schools, growing population, and proximity to employment centers. The property was acquired at a basis that allowed for comprehensive renovation while delivering value to the end buyer.
Value Creation Strategy
By completely renovating the home with modern finishes, addressing all deferred maintenance, and improving the overall condition, we could deliver a move-in-ready property that would appeal to families looking for a quality home in a desirable Winter Haven location.
Business Plan & Execution
Renovation Scope
Interior Improvements
Complete interior renovation including new kitchen with modern appliances and custom cabinetry, updated both bathrooms with new fixtures and tile, new luxury vinyl plank flooring throughout, and fresh paint throughout.
Systems & Exterior Improvements
Updated electrical and plumbing systems, new HVAC system, and complete roof replacement. Exterior improvements included new siding, updated landscaping, fresh exterior paint, and new garage door.
Design & Layout Strategy
The renovation focused on creating a modern, family-friendly living space while respecting the home's original layout. We selected durable, quality finishes that would appeal to families with children. The kitchen was designed for functionality and entertaining, and all bathrooms were updated with contemporary fixtures and finishes. The open floor plan was enhanced to create better flow between living spaces.
These principles guide our approach across all single-family renovation projects.
Construction Timeline
The renovation was completed over 6 months, with careful attention to quality and schedule control. All major systems were addressed first, followed by interior finishes. The project was completed on schedule in June 2023.
Capital & Ownership Structure
This project was executed using private capital under an owner-operator model.
Structure: Owner-Operator
Outcome
Successfully sold to an owner-occupant family who appreciated the quality of the renovation and the move-in-ready condition of the home. The buyers were able to close quickly and move in without needing to make any immediate improvements.
The home received strong interest and multiple offers, demonstrating market demand for well-renovated properties in Winter Haven. The new owners were pleased with the quality of work, attention to detail, and the family-friendly design throughout the home.
Community Impact
The renovation improved the visual character of the street and demonstrated that thoughtful renovation can transform older homes into desirable family properties.
Before Renovation
After Renovation
Location Context
1025 Cove Ln, Winter Haven, FL 33880
Livability
- •Located in an established Winter Haven neighborhood with mature trees and well-maintained homes.
- •Proximity to quality schools and local amenities makes this an ideal location for families.
- •Easy access to major employment centers while maintaining a quiet, residential feel.
Project Takeaways
- Acquisition:Identified strong family demand in Winter Haven for move-in-ready homes with modern finishes.
- Renovation:Executed comprehensive system upgrades and family-friendly design improvements to reduce buyer risk and appeal to owner-occupants.
- Outcome:Delivered a move-in-ready home that sold quickly to a family, demonstrating the value of quality renovation in established neighborhoods.
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