$375,000
505 Oakland Terrace
Lake Mary, FL 32746
Listing updated: July 8, 2026 at 1:02 AM ET
Listing courtesy of Coldwell Banker Realty · Tara Mruk · MLS #O6422925 · Active · 407-333-8088Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Investor Opportunity in Lake Bingham Woods East – Waterfront Acreage with Incredible Potential Attention investors, builders, and visionaries—this is your chance to transform a rare waterfront property in one of Lake Mary's most desirable locations. Situated on 1.29 acres in the sought-after Lake Bingham Woods East community, this property offers endless possibilities to renovate, reimagine, or create something truly special. The standout feature is the exceptional waterfront setting, offering peaceful views and the kind of privacy that's increasingly hard to find. Tucked away in a private cul-de-sac, you'll enjoy a low-traffic, tranquil setting that feels worlds away while remaining close to everything. Location is everything, and this property delivers. Just minutes from Lake Mary's top-rated schools, premier shopping, dining, and major highways, it offers the perfect combination of convenience, accessibility, and long-term investment potential. Opportunities like this—waterfront, acreage, privacy, and a premier Lake Mary location—are few and far between. Whether you're looking for your next renovation project, a custom home site, or an investment with tremendous upside, this property is ready for its next chapter.
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: ActiveJul 7, 2026
- Listed$375,000Jul 7, 2026
- Price increased$375,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 0
- Subdivision
- Lake Bingham Woods East
- County
- Seminole
- Year built
- 1955
- Living area
- 1,731 sq ft
- Price/sq ft
- $217
- Building area
- 2,027 sq ft (Public Records)
- Lot size
- 56,232 sq ft
- Lot category
- 1 to less than 2
- Flood zone
- X (12117C0160F)
- Annual taxes
- $3,295 (2025)
- Parcel #
- 22-20-30-506-0000-0050
- Zoning
- R-1AA
- MLS #
- O6422925
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
Interior Details
- Bedrooms
- 4
- Full bathrooms
- 1
- Half bathrooms
- 1
- Flooring
- Other
- Appliances
- Range, Refrigerator
- Interior features
- Primary Bedroom Main Floor
- Laundry
- Inside
- Stories / Levels
- One
- Direction faces
- Northeast
Heating & Cooling
- Heating
- Central, Electric, None
- Cooling
- Central Air, None
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Private Yard
- Construction materials
- Block, Concrete
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | |
| Kitchen | First | |
| Dining Room | First | |
| Primary Bedroom | First |
Listing Details
- Listing date
- 2026-07-06
- On market date
- 2026-07-07
- Original list price
- $375,000
- Occupant type
- Vacant
- MLS area
- 32746 - Lake Mary / Heathrow
- Listing AOR
- Orlando Regional
- Status changed
- 2026-07-07
- Tax legal description
- LOT 5 LAKE BINGHAM WOODS EAST PB 29 PGS 70 & 71
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
Head north on Country Club Rd, turn left onto Main Rd, then take the first left onto Oakland Terrace. Follow Oakland Terrace to the private cul-de-sac. The home is located at 505 Oakland Terrace
More homes like this
$625,000
506 Oakland Ter
Lake Mary, FL 32746
4 bd · 3 ba · 2,612 sqft
Lake Bingham Woods East
MLS ID #V4948701, LA ROSA REALTY CW PROPERTIES L.
Listing provided by Stellar MLS
$326,000
455 Old Farm Ln
Winter Springs, FL 32708
2 bd · 2 ba · 1,085 sqft
Jesups Reserves Replat
MLS ID #O6387357, WEICHERT REALTORS HALLMARK PRO.
Listing provided by Stellar MLS
$550,000
1833 Crowley Cir
Longwood, FL 32779
5 bd · 3 ba · 2,742 sqft
Mandarin Sec 5
MLS ID #O6369834, KELLER WILLIAMS ADVANTAGE 2 REALTY.
Listing provided by Stellar MLS
$559,900
3943 Crawley Down Loop
Sanford, FL 32773
4 bd · 3 ba · 2,424 sqft
Kensington Reserve Ph Ii
MLS ID #O6396216, WEICHERT REALTORS HALLMARK PRO.
Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of July 8, 2026 at 1:02 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA