Phillips Bay
Dr. Phillips' newer gated community, minutes from Restaurant Row.
Live the MaxLife.
$3.2M
Median Price
$2M – $5M
70
Homes
$500–$800
Monthly HOA
2005
Established
Dr. Phillips Elementary (A-rated)
School Zone
Background
A brief history
Phillips Bay was platted in the mid-2000s as one of Dr. Phillips' first truly gated, low-density luxury communities. The site — a cluster of interior lakes just off Turkey Lake Road and five minutes from Restaurant Row — had been held for decades as citrus and scrub before the community was subdivided. Roughly 60 to 80 custom lots were released, the majority of them on or around the interior lake system the community is named for. Most homes were built between 2006 and 2018, largely as one-off customs rather than builder production plans, which is why Phillips Bay reads as a collection of individual estates rather than a tract community.
The feel
What it's like to live here
Phillips Bay is what a lot of clients ask for when they say they want 'Isleworth quality without the drive.' The community is quiet, gated, tightly controlled architecturally, and genuinely new — almost every home is under 20 years old and was built to current luxury standards. Streets are short and loop around the interior lake rather than running through-traffic. Lots are generous (half-acre to over an acre), with most lakefront parcels including private docks on the interior lake system. The architectural vocabulary is predominantly Mediterranean and transitional-contemporary, with a small share of Georgian and modern-farmhouse.
The details
What to expect
Architecture & Lots
Custom Mediterranean, transitional-contemporary, Georgian, and modern-farmhouse. Main houses 5,500–10,500 square feet. Lots 0.5 to 1.2 acres. Tile and standing-seam metal roofs dominate. Pools and summer kitchens are standard.
Lifestyle & Amenities
Phillips Bay is amenity-focused on privacy rather than clubhouse — the trade is a quieter community and lower dues. Residents typically carry memberships at Bay Hill, Isleworth, or the Ritz-Carlton Orlando. The interior lake system supports kayaking, paddleboarding, and small-motor fishing (no large wake boats).
HOA Rules & Fees
Monthly dues $500–$800. Single gated entrance with keypad and camera. Strict architectural review for all exterior changes, including paint and landscape. Short-term rentals prohibited; 90-day minimum lease in most sections.
Schools
Zoned for Dr. Phillips Elementary, Southwest Middle, and Dr. Phillips High — the same A-rated assignment as Bay Hill. The First Academy is 12 minutes.
Access & Commute
Five minutes to Restaurant Row, 20 minutes to downtown Orlando, 15 minutes to Disney, 25 minutes to MCO. I-4 via Sand Lake Road exit in 4 minutes — the fastest freeway access of any Dr. Phillips subdivision.
Community
Amenities
- Gated entrance with camera and keypad
- Interior lake system with private docks
- Half-acre to over-acre lots
- Architecturally coherent newer-build community (2005–present)
- Five minutes to Restaurant Row
Know Before You Buy
HOA rules worth knowing
- Short-term rentals prohibited; 90-day minimum lease
- All exterior changes require architectural review
- Interior lakes: small-motor boats only
- Paint colors, roof materials, and landscape changes require approval
Education
School assignments
- Dr. Phillips Elementary (A-rated)
- Southwest Middle School
- Dr. Phillips High School (A-rated)
- The First Academy (private)
School zone assignments change. Verify with Orange County Public Schools before purchase.
Market Commentary
What the market is doing
Current median sits in the $2.8M–$3.8M band. Interior homes trade from $2M; true lakefront on the community's main interior lake runs $3.5M–$5M. Because the home stock is uniformly newer and larger, price-per-square-foot spread is tight — most sales fall between $475 and $575 per square foot. Inventory is chronically thin; expect two to five transactions per year. When something comes up at the right price, it typically moves in under 30 days.
Recent Work
Recent sales in Dr. Phillips
2 homes we've closed directly in Phillips Bay.
Also Worth Seeing
Related communities
Dr. Phillips
Bay Hill
Arnold Palmer's home course community, just off Restaurant Row.
$500K – $5M · 1,600 homes
Explore Bay Hill →
Dr. Phillips
Orange Tree
Dr. Phillips' established family neighborhood with mature oak canopy.
$500K – $2.5M · 900 homes
Explore Orange Tree →
Dr. Phillips
Sand Lake Hills
The entry point to Dr. Phillips schools without the luxury premium.
$600K – $1.2M · 500 homes
Explore Sand Lake Hills →
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Information on this page is compiled from public records, MLS data, community associations, and broker observation. Price ranges, HOA fees, school assignments, and community amenities change — verify all details with MaxLife Realty and the relevant community association before making a purchase decision. Ryan Solberg, Broker, License #BK3354351. MaxLife Realty, 321.373.3536.