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For sale
    • Price cut: $95K (8/27)
    $2,495,000

    705 TERRACE BOULEVARD, ORLANDO, FL 32803

    5beds
    4,960sqft
    : 
    $15,876/mo
    Get pre-qualified
    Single Family Residence
    Built in 1927
    0.28 Acres Lot
    $2,328,700 Zestimate®
    $503/sqft
    $-- HOA

    What's special

    Beautifully renovated bathroomsGenerously sized bedroomsPicture railsElegant formal dining roomLakefront homeBreathtaking lake viewsWet bar
    This 1927 Arts and Crafts Masterpiece is in the very heart of the Orlando “Foodie” district. It is nestled in the imminently walkable Park/Lake Highland neighborhood, within a brief stroll or bike to 100’s of restaurants, shops, craft bars and a short walk to Lake Highland Prep (your child’s “skip-the-line ticket” to an exceptional education). Also a beautiful neighborhood for dogs and cats! This is the relaxed lifestyle you’ve been dreaming of!! It’s Beautifully positioned on a terraced hill overlooking picturesque Lake Highland in the heart of downtown Orlando, and has butterfly gardens surrounding gushing waterfalls and a fountain. This lakefront home is steeped in history and timeless elegance, rich in architectural character, the home showcases original craftsmanship thoughtfully preserved and enhanced through tasteful renovations that seamlessly blend historic charm with modern luxury. Authentic period details include impressive 7-inch moldings, picture rails, original built-ins and cabinetry, beautiful oak and heart pine flooring, and architectural elements that honor the home's historic significance while creating an inviting atmosphere for contemporary living. Designed across multiple levels, the thoughtfully planned floor plan offers exceptional living and entertaining spaces, all enhanced by breathtaking lake views. The main level features an expansive family room, elegant formal dining room, and a European-inspired kitchen with adjoining lakefront dinette overlooking the water. The lower level is an entertainer's dream, offering a spacious summer living room, dining area, wet bar, and versatile studio space that opens seamlessly to the outdoor living areas. The upper levels are dedicated to private living quarters with beautifully renovated bathrooms and generously sized bedrooms, including a luxurious primary suite featuring a private sitting area and a spa-inspired bath complete with a classic clawfoot soaking tub perfectly positioned to capture tranquil lake views. Completing this one-of-a-kind estate is a detached Lakefront one-bedroom, one-bath Guest House providing an ideal private retreat for guests, extended family, or a home office. Outdoor living is equally extraordinary. A covered lanai with summer kitchen and outdoor dining area overlooks the beautifully terraced backyard featuring bubbling waterfalls, lush tropical landscaping, and multiple gathering spaces. Meandering steps lead to your private lakefront retreat where a lakeside fire pit and expansive waterfront deck create the perfect setting for enjoying spectacular sunsets, entertaining guests, or simply relaxing with a glass of wine while taking in the peaceful surroundings. Enjoy skiing, paddle boarding, or kayaking on private Lake Highland. This remarkable residence offers a rare opportunity to own one of downtown Orlando's most distinctive historic lakefront homes-where timeless architecture, modern comfort, and resort-style outdoor living come together in an unforgettable setting.
    62 days
    |
    915
    |
    52
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mary Ann Lahey 407-406-0449,

    FANNIE HILLMAN & ASSOCIATES 407-644-1234

    Source: Stellar MLS,MLS#: O6419732MLS LogoOriginating MLS: Orlando Regional

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Attic, Breakfast Room Separate, Den/Library/Office, Family Room, Dining Room, Living Room, Great Room, Utility Room, Storage Rooms
      Primary bedroom
      • Features: Ceiling Fan(s), Walk-In Closet(s)
      • Level: Third
      • Area: 280 Square Feet
      • Dimensions: 14x20
      Bedroom 2
      • Features: Built-in Closet
      • Level: Third
      • Area: 168 Square Feet
      • Dimensions: 12x14
      Bedroom 3
      • Features: Built-in Closet
      • Level: Third
      • Area: 140 Square Feet
      • Dimensions: 10x14
      Bedroom 4
      • Features: Walk-In Closet(s)
      • Level: Upper
      • Area: 330 Square Feet
      • Dimensions: 11x30
      Primary bathroom
      • Features: Claw Foot Tub, Dual Sinks, En Suite Bathroom, Granite Counters, Makeup/Vanity Space, Rain Shower Head, Window/Skylight in Bath, Linen Closet
      • Level: Third
      • Area: 126 Square Feet
      • Dimensions: 9x14
      Dinette
      • Features: Granite Counters
      • Level: Second
      • Area: 112 Square Feet
      • Dimensions: 8x14
      Dining room
      • Level: Second
      • Area: 266 Square Feet
      • Dimensions: 14x19
      Dining room
      • Features: Built-In Shelving, Granite Counters, Wet Bar
      • Level: First
      • Area: 168 Square Feet
      • Dimensions: 12x14
      Family room
      • Features: Ceiling Fan(s), Built-in Closet
      • Level: Second
      • Area: 336 Square Feet
      • Dimensions: 14x24
      Foyer
      • Features: Coat Closet
      • Level: Second
      • Area: 50 Square Feet
      • Dimensions: 5x10
      Kitchen
      • Features: Built-In Shelving, Granite Counters
      • Level: Second
      • Area: 168 Square Feet
      • Dimensions: 12x14
      Living room
      • Level: First
      • Area: 195 Square Feet
      • Dimensions: 15x13
      Office
      • Level: First
      • Area: 56 Square Feet
      • Dimensions: 7x8
      Heating
      • Central, Electric, Zoned
      Cooling
      • Central Air, Zoned
      Appliances
      • Included: Bar Fridge, Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
      • Laundry: Inside, Laundry Chute, Laundry Room
      Features
      • Attic Ventilator, Built-in Features, Ceiling Fan(s), Crown Molding, Kitchen/Family Room Combo, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
      • Flooring: Concrete, Parquet, Hardwood
      • Doors: Outdoor Grill, Outdoor Kitchen
      • Windows: Skylight(s), Window Treatments
      • Basement: Finished,Full
      • Has fireplace: Yes
      • Fireplace features: Other Room, Outside
      Interior area
      • Total structure area: 5,328
      • Total interior livable area: 4,960 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Driveway, Electric Vehicle Charging Station(s), On Street
      • Carport spaces: 1
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Covered, Deck, Front Porch, Patio, Rear Porch, Screened
      • Exterior features: Balcony, Fire Pit, Garden, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sprinkler Metered, Storage
      • Fencing: Chain Link,Masonry
      • Has view: Yes
      • View description: Water, Lake
      • Has water view: Yes
      • Water view: Water,Lake
      • Waterfront features: Lake Front, Lake Privileges, Skiing Allowed
      • Body of water: LAKE HIGHLAND
      Lot
      • Size: 0.28 Acres
      • Dimensions: 50 x 176 x 57 x 148
      • Features: City Lot, Landscaped, Sloped
      • Residential vegetation: Mature Landscaping, Oak Trees
      Details
      • Additional structures: Guest House
      • Parcel number: 242229358001070
      • Zoning: R-1A/T
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman
      • Property subtype: Single Family Residence
      Materials
      • Brick, Wood Frame (FSC Certified), Wood Siding
      • Foundation: Basement
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1927

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Sprinkler Recycled, Water Connected

      Community & HOA

      Community
      • Security: Closed Circuit Camera(s), Security System, Smoke Detector(s)
      • Pet fee: $0 monthly
      • Subdivision: HIGHLAND TERRACE SUB
      HOA
      • Has HOA: No
      Location
      • Region: Orlando

      Financial & listing details

      • Price per square foot: $503/sqft
      • Tax assessed value: $1,368,584
      • Annual tax amount: $21,185
      • Date on market: 6/26/2026
      • Cumulative days on market: 63 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Brick

        Estimated market value

        $2,328,700

        $2.21M - $2.45M

        $6,276/mo

        Price history

        DateEventPrice
        8/27/2026Price change$2,495,000-3.7%$503/sqft
        Source: Stellar MLS #O6419732 Report a problem
        7/27/2026Price change$2,590,000-3.9%$522/sqft
        Source: Stellar MLS #O6419732 Report a problem
        6/26/2026Listed for sale$2,695,000+156.7%$543/sqft
        Source: Stellar MLS #O6419732 Report a problem
        12/30/2013Sold$1,050,000-4.5%$212/sqft
        Source: Stellar MLS #O5184801 Report a problem
        11/15/2013Price change$1,100,000-8.3%$222/sqft
        Source: Coldwell Banker Residential Real Estate - Orlando #O5184801 Report a problem
        9/24/2013Listed for sale$1,200,000$242/sqft
        Source: Coldwell Banker Residential Real Estate - Orlando #O5184801 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$20,558 +3.6%$1,167,639 +3%
        2023$19,851 +2.8%$1,133,630 +3%
        2022$19,318 +1.4%$1,100,612 +3%
        2021$19,046 +0.2%$1,068,555 +0.9%
        2020$19,004 +0.9%$1,059,012 +2.3%
        2019$18,830 -5.5%$1,035,202 +0.5%
        2018$19,932 $1,029,745 +10%
        2017$19,932 +10.1%$936,132 +3%
        2016$18,096 +1.1%$908,930 +6.7%
        2015$17,898 +4.9%$852,066 +1.9%
        2014$17,059 +227.1%$836,444 +128.1%
        2013$5,216 +1.3%$366,656 +0.3%
        2012$5,151 +3%$365,674 -8%
        2011$5,000 +4.9%$397,372 -3.9%
        2010$4,766 $413,332 -10.6%
        2009-- $462,496 -12%
        2008$4,430 +1.6%$525,633 -4.8%
        2007$4,360 -5.8%$552,075 -1.5%
        2006$4,629 +48.2%$560,699 +34.8%
        2005$3,124 +5.1%$416,075 +18.2%
        2004$2,972 +1%$351,965 +4.8%
        2003$2,944 +2.8%$335,692 +10.2%
        2002$2,864 -0.9%$304,541 +35.6%
        2001$2,890 +0.9%$224,661 +19.4%
        2000$2,865 $188,130
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Park Lake-Highland

        Getting around

        83 / 100
        Very Walkable
        43 / 100
        Some Transit
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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