Welcome to this exceptional opportunity in Ormond Lakes Subdivision! Priced below appraised value, this spacious Mediterranean-style estate offers incredible potential for investors, renovators, or buyers ready to customize a home to their own taste and style. Situated on approximately 1/2 acre with tranquil water views, this property features over 4,400 sq. ft. of living space and more than 6,000 total sq. ft. under roof. Designed for entertaining and comfortable living, the home offers generous living areas, a private pool, and a desirable layout ready for modern updates and personal touches. Recent feedback has highlighted the home's dated interior, creating a rare opportunity to purchase in this sought-after neighborhood at an exceptional value and renovate to your vision. Beyond the home itself, residents enjoy the outstanding amenities and natural beauty of Ormond Lakes, including a private clubhouse, community pool, lighted tennis and pickleball courts, basketball court, playgrounds, scenic lakes, fishing pier, pavilion, walking and jogging trails, bike lanes, and peaceful nature preserves throughout the community. A historic stretch of Old King's Road also runs through the subdivision, offering beautiful surroundings for walking and sightseeing. Conveniently located near shopping, dining, golf, and the beach, this property presents an incredible opportunity whether you are searching for your next investment project or looking to create your dream home in one of Ormond Beach's premier communities.