540 DREW AVENUE, CLERMONT, FL, 34711
Active3 days on marketListed Jul 31, 2026MLS #G5115873
About this home
540 DREW AVENUE
Enjoy breathtaking views and direct frontage on Shady Nook Lake with NO HOA! This classic traditional home is filled with warmth, character, and incredible potential. Step inside onto hardwood floors that span throughout a spacious formal living room, anchored by a cozy wood-burning brick fireplace. The hardwood extends into a formal dining room that offers complete flexibility ideal for a home office or den.The kitchen features stainless steel appliances, granite countertops, a custom handmade tile backsplash, a walk-in pantry, and an oversized dinette complete with board-and-batten wainscoting. Through French doors off the kitchen, you'll find a versatile bonus room ready to become your dream family room, home gym, or playroom. Upstairs, the primary suite includes a private sitting area framed by beautiful views of Shady Nook Lake, a dual-sink vanity, a walk-in linen closet, and a walk-in closet. Two additional spacious bedroom also featuring walk-in closets share the upper level and elevated lake views. Outdoor Features & Exclusive Bonus:Fully fenced backyard Direct Water Access & No HOA Restrictions: The deeded strip of lakefront land directly across the street in front of the home extends down to Shady Nook Lake and conveys with the sale. Create your own private beach and swimming area without HOA hassle! Schedule your showing today to tour this lakeside property!
Facts & features
The home at a glance
4
Bedrooms
2.5
Bathrooms
2,428
Sqft
0.37 ac
Lot size
2
Garage
1994
Year built
Two
Levels
$179
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$3,183 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,183/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−22.3%
$/sqft vs Clermont actives
$179 vs $225
Days on market
3 vs 42 typical
Where $179/sqft sits among the 400 Clermont actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Clermont
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Clermont. See the full Clermont guide →
The numbers that matter
The Clermont market
$443K → $468K
Clermont median sold, yr/yr
97.9%
Sale-to-list ratio (12 mo)
206 of 400
Clermont actives have cut their price
Median sold price, Clermont, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 7% below the Clermont median. See the full Clermont market guide →
Paper trail
This home's history
Reality check
What actually sold near 540 DREW AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$427,500
628 DREW AVENUE · same community
3 bd · 2.5 ba · 2,510 sqft · $170/sqft · 59 DOM
Sold · Aug ’25$330,000
725 EAST AVENUE · same community
2 bd · 2 ba · 1,367 sqft · $241/sqft · 3 DOM
Sold · Oct ’25$499,900
561 W MINNEOLA AVENUE
4 bd · 3 ba · 2,450 sqft · $204/sqft · 45 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Alek Cherrone
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 540 DREW AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 540 DREW AVENUE — before you fall in love.
See it in person
Schedule a tour
Live availability from Alek's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
540 DREW AVENUE FAQs
What would the monthly payment be for 540 DREW AVENUE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,183/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 540 DREW AVENUE?+
The most recent tax bill on record (2025) was $3,235. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Clermont?+
At $435,000, this home is listed about 7% below the Clermont median of $469,000. The market section on this page shows how the area is trending.
Keep looking
Similar homes nearby
Listing courtesy of CENTURY 21 HANCOCK · Mitchell Stiefel. MLS #G5115873.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Clermont homes, in your inbox
Like 540 DREW AVENUE but not quite? A daily digest of every new listing in Clermont — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Alek to ping you on any price or status change →