Why Live in Waterford Lakes
Waterford Lakes in Alafaya, Florida, is a vibrant neighborhood known for its extensive amenities and convenient location. Situated 13 miles from Orlando's central business district, it features one of the city's largest open-air shopping centers, Waterford Lakes Town Center, which houses 105 stores and restaurants, including big names like Target and The Home Depot. Dining options range from upscale chains like Cooper’s Hawk to the popular Kura Revolving Sushi Bar. The area offers a variety of things to do, such as PopStroke, an 18-hole miniature golf course co-owned by Tiger Woods, and Launch Entertainment Park, where visitors can enjoy bowling, laser tag, and axe throwing. The East Orlando Farmers Market adds a local touch every Sunday with vendors selling Florida honey and tropical fruits. Housing options include low-slung bungalows, Colonial Revivals, and condos, many of which are near small lakes and ponds. Waterford Lakes is served by highly rated schools, including Waterford Elementary School, Discovery Middle School, and Timber Creek High School. For outdoor activities, East Orange Neighborhood Park offers a playground and baseball diamond, while the Econlockhatchee Sandhills Conservation Area provides hiking trails 5 miles away. The neighborhood is well-connected by State Road 408 and State Road 417, with Lynx bus services offering easy access to the University of Central Florida and downtown Orlando. Orlando International Airport is 17 miles away, making travel convenient for residents.
Frequently Asked Questions
Is Waterford Lakes a good place to live?
Waterford Lakes is a good place to live. Waterford Lakes is considered somewhat walkable and very bikeable. Waterford Lakes is a suburban neighborhood. Waterford Lakes has 6 parks for recreational activities. It is fairly sparse in population with 5.0 people per acre and a median age of 31. The average household income is $59,407 which is below the national average. College graduates make up 36.8% of residents. A majority of residents in Waterford Lakes are renters, with 86.8% of residents renting and 13.2% of residents owning their home. A
local real estate agent serving Waterford Lakes can help you decide if this neighborhood is the right one for you. Learn more on our
Waterford Lakes neighborhood guide.
Is Waterford Lakes, FL a safe neighborhood?
Waterford Lakes, FL is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Waterford Lakes?
The median home price in Waterford Lakes is $510,000. If you put a 20% down payment of $102,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,640 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $113K a year to afford the median home price in Waterford Lakes. The average household income in Waterford Lakes is $59K.
What are the best public schools in Waterford Lakes?
The best public schools that serve Waterford Lakes are:
What are the best private schools in Waterford Lakes?
The best private schools that serve Waterford Lakes are:
What are the most popular zip codes in Waterford Lakes, Alafaya, FL?
What are the most popular neighborhoods near Waterford Lakes, Alafaya, FL?
Are home prices dropping in Waterford Lakes?
Yes, home prices in Waterford Lakes are down 46% in the last 12 months.
Home Trends in Waterford Lakes, FL
On average, homes in Waterford Lakes, Alafaya sell after 90 days on the market compared to the national average of 70 days. The median sale price for homes in Waterford Lakes, Alafaya over the last 12 months is $265,000, down 31% from the median home sale price over the previous 12 months.
Median Sale Price
$265,000
Median Single Family Sale Price
$510,000
Average Price Per Sq Ft
$239
Number of Homes for Sale
3
Last 12 months Home Sales
4
Median List Price
$510,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-31%