Waterford Lakes
East Orlando's established hub — Town Center retail, UCF minutes away, and great value.
Live the MaxLife.
$450K
Median Price
$300K – $700K
8,000
Homes
$80–$150
Monthly HOA
1992
Established
Waterford Elementary School
School Zone
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Background
A brief history
Waterford Lakes traces its origins to the early 1990s, when developers began transforming a large tract of east Orange County scrubland and wetlands into a master-planned community centered on an interconnected chain of retention lakes. The community was designed around the Waterford Lakes Town Center, a large open-air lifestyle shopping center that anchored the development and gave the neighborhood its commercial identity. Construction of the residential neighborhoods proceeded through the mid-to-late 1990s and into the early 2000s, with builders including Engle Homes, Centex, and several custom builders contributing different product types across the community's many sub-neighborhoods.
The Waterford Lakes Town Center opened in phases starting around 1997 and became one of the primary retail destinations for east Orlando before the rise of Lake Nona and Waterford's own competition from newer centers. The community grew alongside the expansion of the University of Central Florida corridor, benefiting from proximity to Research Park and the tech employment base that emerged along the SR 408 and University Boulevard corridors during the 2000s.
By the 2010s, Waterford Lakes had fully built out and transitioned into a mature resale market. The original builders are long gone and the community is now driven by homeowner improvements, renovations, and estate sales, giving buyers a mix of original condition homes and fully updated properties. The lakes that give the community its name remain its most distinctive physical feature.
The feel
What it's like to live here
Waterford Lakes feels like a classic late-1990s Florida master-planned community that has aged gracefully — well-landscaped entry monuments, curving streets, and mature tree canopies that the newer communities in the 32832 zip code cannot match. The architecture is predominantly stucco single-family on modestly sized lots, with a range from 1,400-square-foot starter homes to larger executive homes on lakefront lots. The demographic skews toward established families, UCF-area professionals, and long-time residents who bought in the late 1990s and early 2000s and stayed.
The Town Center is the community's living room — residents walk or bike to Target, Publix, and a solid lineup of local and chain restaurants. The lakes are used actively for kayaking, fishing, and evening walks along the lake-perimeter paths. It is quieter and more settled than Avalon Park, with less organized community programming but a comfortable, low-key quality of life. The 408 interchange makes downtown Orlando genuinely accessible in under 20 minutes.
The details
What to expect
Architecture
Expect late-1990s to early-2000s Florida stucco construction — tile roofs, open floor plans, and a variety of builder styles from small starter homes to larger two-story lakefront properties.
Waterfront
The community's interconnected lakes are central to daily life — many homes back directly to water, and perimeter paths make the lakes accessible to all residents for walking, fishing, and kayaking.
Commute
The SR 408 on-ramp at Alafaya Trail puts downtown Orlando 15-20 minutes away; UCF and Research Park are less than 10 minutes up University Boulevard.
HOA
HOA fees are generally modest — typically $100-$200/month depending on sub-neighborhood — covering common area maintenance, pools, and recreational facilities.
Shopping
Waterford Lakes Town Center is essentially next door, with Target, Publix, HomeGoods, and 30+ dining options within a 5-minute drive or bike ride from most homes in the community.
Community
Amenities
- Multiple community pools
- Tennis and pickleball courts
- Basketball courts
- Fishing and non-motorized boating on community lakes
- Walking and biking paths around lake perimeters
- Playgrounds throughout sub-neighborhoods
- Waterford Lakes Town Center (adjacent retail/dining)
- Community clubhouse
Education
School assignments
- Waterford Elementary School
- Discovery Middle School
- Timber Creek High School
School zone assignments change. Verify with Orange County Public Schools before purchase.
Market Commentary
What the market is doing
Waterford Lakes offers some of the best value in east Orange County for a fully amenitized master-planned community. Prices range from the low $300s for smaller interior homes to $650K-$700K for updated lakefront properties, and I find that buyers get more house here than in comparable communities with newer construction. The flip side is that the homes are 20-30 years old, so buyers need to budget for systems updates — roofs, HVAC, and kitchens. When those updates are done, the homes compete strongly on price per square foot against anything being built nearby.
Active MLS Inventory
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Homes available in Waterford Lakes
12 homes currently listed in Waterford Lakes.
$456,990
675 Clark St
Oviedo, FL 32765
3 bd · 3 ba · 1,711 sqft
Aulin Square
This property is under contract. Contact us for backup offer opportunities.
MLS# O6327501
$600,000
2675 Running Springs Loop
Oviedo, FL 32765
4 bd · 4 ba · 2,829 sqft
Little Creek Ph 2b
MLS# O6408052
$1,599 /mo
144 Reserve Cir #100
Oviedo, FL 32765
2 bd · 2 ba · 1,098 sqft
Hunters Reserve 2 A Condo
MLS# O6409501
$474,900
1012 Corkwood Dr
Oviedo, FL 32765
3 bd · 2 ba · 1,704 sqft
Alafaya Woods Ph 22
This property is under contract. Contact us for backup offer opportunities.
MLS# TB8506365
$634,000
2695 Cypress Head Trl
Oviedo, FL 32765
4 bd · 3 ba · 2,368 sqft
Aloma Woods Ph 5
MLS# O6412074
$649,900
910 Parasol Pl
Oviedo, FL 32766
4 bd · 3 ba · 2,663 sqft
Sanctuary Ph 1 Village 6
MLS# O6402683
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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 June 3, 2026. 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA
