Welcome to this exceptional opportunity in Ormond Lakes! Priced below the appraised value, this impressive Mediterranean-style estate offers outstanding value for discerning buyers and savvy investors alike. Situated on approximately half an acre with peaceful water views, the property features more than 4,400 square feet of living space and over 6,000 square feet under roof. Designed for comfortable living and entertaining, the home offers spacious gathering areas, a private pool, and a highly desirable floor plan. While portions of the home have already been updated, there remains an opportunity for the next owner to add their own style and make selective improvements to further enhance this remarkable residence. Whether you're seeking a spacious family home, a luxury renovation project, or an investment opportunity in one of Ormond Beach's most sought-after communities, this property offers tremendous potential and value. Residents of Ormond Lakes enjoy an exceptional lifestyle with access to a private clubhouse, community pool, lighted tennis and pickleball courts, basketball court, playgrounds, scenic lakes, a fishing pier, pavilion, walking and jogging trails, bike lanes, and beautiful nature preserves throughout the neighborhood. A historic stretch of Old King's Road winds through the community, providing a picturesque setting for walking and sightseeing. Conveniently located near shopping, dining, golf courses, and the beach, this rare offering presents the perfect opportunity to enjoy the best of Ormond Beach living while adding your own finishing touches to create something truly special.