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$199,000

1501 Terrace Drive

Sanford, FL 32773

Listing updated: August 20, 2026 at 1:39 PM ET

Active

Listing courtesy of Keller Williams Realty At The Parks · Andrew Tinkler · MLS #O6434127 · Active · 407-629-4420

Beds

Baths

1,504

Sq Ft

0.21

Acres

1980

Built

◆$132/sqft

Single Family Residence

Property type

1980

Year built

9,308 sqft

Lot size

$132

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

PRIME CORNER LOT OPPORTUNITY FOR BUILDERS & INVESTORS! Unlock the potential of this nearly ¼-acre corner lot in Sanford, offering 2,000+ square feet under roof and exciting possibilities for redevelopment. The property is ready for a complete renovation and presents multiple opportunities for the right buyer. Renovate and expand the existing structure, take advantage of the generous footprint to create a larger residence, or explore the potential for multifamily use or multiple residential units, subject to zoning and City of Sanford approval. The corner lot location, ample lot size, existing structure, and potential redevelopment opportunities make this a unique opportunity for an investor, builder, or developer looking to add value. Bring your vision and transform this property into your next project! Buyers should independently verify zoning, permitted uses, density, redevelopment options, and all building requirements.

Estimated monthly payment

Principal & interest$1,006

Property taxes$73

Home insurance (est.)$91

Down payment

20%

$39,800 downRate

6.5%

Term

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: Active
Aug 20, 2026
Listed$199,000
Aug 20, 2026
Price increased$199,000

Facts & features

Property type: Residential
Sub type: Single Family Residence
Status: Active
Days on market: 0
Subdivision: Geneva Terrace Amd
County: Seminole
Year built: 1980
Living area: 1,504 sq ft
Price/sq ft: $132
Building area: 2,133 sq ft (Public Records)
Lot size: 9,308 sq ft
Lot category: 0 to less than 1/4
Flood zone: X (12117C0070F)
Annual taxes: $880 (2025)
Parcel #: 02-20-30-502-0000-0830
Zoning: MR2
MLS #: O6434127

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Interior Details

Bedrooms: 4
Full bathrooms: 2
Flooring: Carpet
Appliances: Electric Water Heater
Interior features: Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom
Laundry: Laundry Room
Stories / Levels: One
Direction faces: North

Heating & Cooling

Heating: Ductless
Cooling: Wall/Window Unit(s), Attic Fan

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Homestead exemption: Yes
Min lease term: 8-12 Months
Listing terms: Cash, Conventional
Ownership: Fee Simple
Available for lease: Yes
Lease restrictions: Yes
Additional lease restrictions: Buyer and Buyer’s Agent to independently verify all lease restrictions and rental requirements with the appropriate local governing authorities and applicable HOA/condominium association

Exterior & Construction

Exterior features: Awning(s)
Construction materials: Block
Roof: Shingle
Foundation: Slab
Road surface: Paved

Utilities

Sewer: Public Sewer
Water source: None
Utilities: Electricity Connected, Water Connected

Schools

ElementaryCWicklow ElementaryGreatSchools ↗

MiddleCMillennium MiddleGreatSchools ↗

High SchoolBSeminole HighGreatSchools ↗

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
Primary Bedroom	First	13x11
Bedroom 2	First	12x11
Bedroom 3	First	11x10
Family Room	First	26x16
Florida Room	First	37x17
Kitchen	First	12x8

Listing Details

Listing date: 2026-08-20
On market date: 2026-08-20
Original list price: $199,000
Occupant type: Owner
MLS area: 32773 - Sanford
Listing AOR: Orlando Regional
Status changed: 2026-08-20
Tax legal description: LOT 83 (LESS W 15.36 FT) GENEVA TERRACE AMENDED PLAT PB 12 PG 82

Flood risk

Minimal riskFEMA Zone XPanel 12117C0070F

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

From FL-417 N take Exit 50 to US-17/US-92 towards Sanford. Turn right on US-17/US-92. Turn left onto W 27th St/Florida S. Turn left onto Santa Barbara Dr. Sharp right onto Georgia Ave. Turn left onto Terrace Dr and property is on the left Corner.

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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 August 20, 2026 at 1:39 PM 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.

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