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.
Sold for $375,000
$375,000
505 OAKLAND TERRACE, LAKE MARY, FL 32746
4beds
1,731sqft
Single Family Residence
Built in 1955
1.29 Acres Lot
$376,200 Zestimate®
$217/sqft
$2,497 Estimated rent
Home value
$376,200
$357,000 - $395,000
$2,497/mo
Zestimate® history
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List your homeWhat's special
Exceptional waterfront settingPeaceful viewsWaterfront propertyPrivate cul-de-sacLow-traffic tranquil setting
Zillow last checked:
Listing updated:
Listed by:
Tara Mruk 724-705-2122,
COLDWELL BANKER REALTY 407-333-8088
Bought with:
Adriana Elizundia, 3348968
ELIZUNDIA LUXURY REALTY LLC
Source: Stellar MLS,MLS#: O6422925
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Features: Built-in Closet
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central, Electric, None
Cooling
- Central Air, None
Appliances
- Included: Range, Refrigerator
- Laundry: Inside
Features
- Primary Bedroom Main Floor
- Flooring: Other
- Has fireplace: No
Interior area
- Total structure area: 2,027
- Total interior livable area: 1,731 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Private Yard
Lot
- Size: 1.29 Acres
Details
- Parcel number: 22203050600000050
- Zoning: R-1AA
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Concrete
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: LAKE BINGHAM WOODS EAST
HOA
- Has HOA: No
Location
- Region: Lake Mary
Financial & listing details
- Price per square foot: $217/sqft
- Tax assessed value: $228,938
- Annual tax amount: $3,295
- Date on market: 7/7/2026
- Cumulative days on market: 2 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Sold | $375,000$217/sqft |
Source:  Stellar MLS #O6422925 Report a problem | ||
| 7/9/2026 | Contingent | $375,000$217/sqft |
Source: Stellar MLS #O6422925 Report a problem | ||
| 7/7/2026 | Listed for sale | $375,000+228.9%$217/sqft |
Source: Stellar MLS #O6422925 Report a problem | ||
| 5/6/1999 | Sold | $114,000$66/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,295 +196.1% | $228,938 +60.1% |
| 2024 | $1,113 +4.4% | $142,958 +3% |
| 2023 | $1,066 -1.6% | $138,794 +3% |
| 2022 | $1,083 +1.4% | $134,751 +3% |
| 2021 | $1,067 +1.3% | $130,826 +1.4% |
| 2020 | $1,053 +2.1% | $129,020 +2.3% |
| 2019 | $1,032 | $126,119 +1.9% |
| 2018 | $1,032 +1.6% | $123,767 +2.1% |
| 2017 | $1,016 +0.5% | $121,221 +1.4% |
| 2016 | $1,011 -5.2% | $119,559 +1.4% |
| 2015 | $1,066 | $117,903 +0.8% |
| 2014 | $1,066 -1.7% | $116,967 +1.5% |
| 2013 | $1,084 -12.4% | $115,238 +1.7% |
| 2012 | $1,238 +3.4% | $113,312 +3% |
| 2011 | $1,197 +1.3% | $110,012 +1.5% |
| 2010 | $1,182 +4.8% | $108,386 +2.7% |
| 2009 | $1,127 +3.4% | $105,537 +0.1% |
| 2008 | $1,090 -11.5% | $105,432 +3% |
| 2007 | $1,231 -5.3% | $102,361 +2.5% |
| 2006 | $1,300 +2.4% | $99,864 +3% |
| 2005 | $1,269 +1.1% | $96,955 +3% |
| 2004 | $1,254 +1.2% | $94,131 +1.9% |
| 2003 | $1,239 +3.1% | $92,376 +2.4% |
| 2002 | $1,202 +5.1% | $90,211 +4.6% |
| 2000 | $1,144 | $86,204 |
Find assessor info on the county website
Neighborhood: 32746
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Nearby schools
GreatSchools rating
- 7/10Lake Mary Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 7/10Greenwood Lakes Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10Lake Mary High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Lake Mary Elementary
- Middle: Greenwood Lakes Middle
- High: Lake Mary High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$376,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$376,200
- Florida
- Seminole County
- Lake Mary
- 32746
- 505 OAKLAND TERRACE
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