$2,695,000
705 Terrace Boulevard
Orlando, FL 32803
Listing updated: June 26, 2026 at 3:49 PM ET
Listing courtesy of Fannie Hillman & Associates · Mary Ann Lahey · MLS #O6419732 · Active · 407-644-1234Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Refined lakefront living awaits in this stunning residence, ideally situated in a peaceful neighborhood on Lake Highland. Thoughtfully designed across multiple levels, this exceptional home blends timeless elegance with inviting living spaces and breathtaking water views throughout. The Main house has 4 bedrooms and 3 1/2 baths. The main level welcomes you with a spacious family room, formal dining room, and a European-style kitchen with an adjoining dinette, all overlooking the lake. Beautiful oak stairs lead to the lower level, where an expansive summer living room, dining area, wet bar, and studio space create the perfect setting for entertaining or relaxed everyday living. The upper levels offer three bedrooms, including a luxurious primary suite featuring a private sitting area and spa-inspired bath with a Clawfoot tub positioned to capture serene lake views. On the fourth floor, a fully finished attic bedroom with a generous closet overlooks the water and offers wonderful flexibility as a guest retreat, home office, or creative studio. French doors open to two covered lanai living spaces designed for seamless indoor-outdoor living. One provides a comfortable sitting area, while the other is ideal for dining and entertaining, complete with a summer kitchen and outdoor fireplace. Spend evenings enjoying spectacular sunsets from the lakefront deck or gathered around the fire pit with a glass of wine in hand. A detached one-bedroom, one-bath guest house offers a private retreat for guests or extended family, complete with its own living room, bedroom, renovated bath, and screened porch tucked among the trees overlooking the lake. The beautifully terraced backyard, accented by bubbling waterfalls, lush landscaping, and a lakefront fire pit, completes the serene setting of this truly one-of-a-kind property.
Local Insight
At nearly $2.7M for a 1927 home on less than a third-acre in Colonialtown, you're paying significant premiums for waterfront access and historic character rather than square footage—the $543/sqft is well above typical Orlando pricing—so the real question is whether that water view and in-law suite justify being locked into an older structure's maintenance realities in a tight urban lot. The X flood zone is a major plus, but the appeal here hinges entirely on whether you're buying the lifestyle of being walkable to Mills 50 and downtown or expecting strong appreciation in a neighborhood whose value is already well-established rather than emerging.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: ActiveJun 26, 2026
- Listed$2,695,000Jun 26, 2026
- Price increased$2,695,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 0
- Subdivision
- Highland Terrace Sub
- County
- Orange
- Year built
- 1927
- Living area
- 4,960 sq ft
- Price/sq ft
- $543
- Building area
- 5,328 sq ft (Public Records)
- Lot size
- 12,327 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12095C0265F)
- Annual taxes
- $21,185 (2025)
- Parcel #
- 24-22-29-3580-01-070
- Zoning
- R-1A/T
- MLS #
- O6419732
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 4
- Half bathrooms
- 1
- Flooring
- Concrete, Parquet, Wood
- Appliances
- Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
- Interior features
- Attic Ventilator, Built-in Features, Ceiling Fans(s), Crown Molding, Kitchen/Family Room Combo, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
- Laundry
- Inside, Laundry Chute, Laundry Room
- Stories / Levels
- Three Or More
- Direction faces
- Southeast
- Fireplace
- Yes
- In-law suite
- Yes
Heating & Cooling
- Heating
- Central, Electric, Zoned
- Cooling
- Central Air, Zoned
Parking
- Parking features
- Driveway, Electric Vehicle Charging Station(s), On Street
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- No
Exterior & Construction
- Exterior features
- Balcony, Fire Pit, Garden, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sprinkler Metered, Storage
- Construction materials
- Brick, Frame, Wood Siding
- Roof
- Shingle
- Foundation
- Basement
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Brick
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Sprinkler Recycled, Water Connected
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Second | 5x10 |
| Dining Room | Second | 14x19 |
| Kitchen | Second | 12x14 |
| Dinette | Second | 8x14 |
| Family Room | Second | 14x24 |
| Primary Bedroom | Third | 14x20 |
| Primary Bathroom | Third | 9x14 |
| Bedroom 2 | Third | 12x14 |
| Bedroom 3 | Third | 10x14 |
| Bedroom 4 | Upper | 11x30 |
| Living Room | First | 15x13 |
| Dining Room | First | 12x14 |
| Office | First | 7x8 |
Listing Details
- Listing date
- 2026-06-26
- On market date
- 2026-06-26
- Original list price
- $2,695,000
- Occupant type
- Owner
- MLS area
- 32803 - Orlando/Colonial Town
- Listing AOR
- Orlando Regional
- Status changed
- 2026-06-26
- Tax legal description
- HIGHLAND TERRACE SUB K/31 LOT 7 BLK A
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Highway 17-92 North from Colonial Drive, left on Weber, left on Terrace Blvd., house on right
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