505 OAKLAND TERRACE Lake Mary, FL $ 375,000
505 OAKLAND TERRACE
$ 375,000
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505 OAKLAND TERRACE

Lake Mary, FL, 32746
$ 375,000
Bedrooms4 Baths1.1 Sq 1,731

Monthly Estimate*

$ 2,368

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Single Family Home for sale in Lake Mary, FL

for $375,000 with 4 bedrooms and 1 full bath, 1 half bath. This 1,731 square foot home was built in 1955 on a lot size of 1.29.

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.

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Single Family Active

Price

$ 375,000

Bedrooms

4

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 3,295

Style

Single Family Residence

Lot Size

1.29

Year Built

1955

Town/City

Lake Mary

County/Region

Seminole

MLS | Web ID

O6422925

Features
General
Sewer Public Sewer
Heating Central Electric None
Cooling Central Air None
Utilities Public
Roof Shingle
Appliances Range Refrigerator
Zoning R-1AA
Construction Materials Block Concrete
Year Built 1955
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Seminole
New Construction false
Property Type Residential
Subdivision Name LAKE BINGHAM WOODS EAST
Facing Direction Northeast
Garage Y/N false
Total Rooms 4
Full Baths 1
Status Active
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
High School Lake Mary High
City LAKE MARY
Senior Community Y/N false
MLS Area 32746 - Lake Mary / Heathrow
Lot Size Units Acres
Lot Size Square Feet 56232
Carport Y/N false
Listing Terms Cash
Elementary School Lake Mary Elementary
Land Lease Y/N false
Tax Annual Amount 3295
Middle/Junior High School Greenwood Lakes Middle
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6422925
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 5
Legal Description LOT 5 LAKE BINGHAM WOODS EAST PB 29 PGS 70 & 71
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
In Law Suite YN false
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Interior
Interior Amenities Primary Bedroom Main Floor
Flooring Other
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Laundry Features Inside
Total Bedrooms 4
Total Baths 2
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Exterior
Exterior Amenities Private Yard
Water Source Public
Lot Size Area 1.2909
Foundation Details Slab
Building Area Total 2027
Lot Size Acres 1.29
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
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Affordability Calculator

$2,642
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,368
Monthly Property Taxes
$275
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Lake Mary High High School High School
Pricing History
DatePricePrice ChangeDescription
7/7/2026$375,000 Listed Price

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505 OAKLAND TERRACE, Lake Mary, FL, 32746 is a Single Family Home for sale at $375,000 with 1,731 sqft and a lot size of 1.29. 505 OAKLAND TERRACE has 4 bedrooms, 1.1 baths, and was built in 1955. The property's zip code is 32746 which is in Lake Mary, FL