Why Live in Lake Cherokee
Lake Cherokee in Orlando is a historic neighborhood known for its century-old architecture and scenic water views. The area features Craftsman, Mediterranean, and Colonial Revival homes, reflecting its development surge in the 1920s. As one of Orlando’s six historic preservation districts, Lake Cherokee has strict regulations for home renovations, ensuring the preservation of its unique character. Homeowners can benefit from federal tax credits and city property tax exemptions for restoring historical properties. The neighborhood’s 300 homes are nestled around Lake Cherokee Park, offering serene picnic spots and shaded benches. Al Coith Park provides a half-mile jogging trail and workout stations, while cyclists can easily access downtown via the Lake Lucerne Pedestrian Bridge, less than half a mile away.
Local attractions include The Wellborn, a chic restaurant and inn known for its tropical foliage and outdoor brunches. Residents are within 2 miles of the Hourglass District’s craft beer spots, the Dr. Phillips Center for the Performing Arts, and the retail centers of SoDo, which also houses the nearest hospital, Orlando Health Orlando Regional Medical Center. The neighborhood’s proximity to downtown allows easy access to events like Orlando Magic basketball games and the Immerse art festival.
Students in Lake Cherokee attend highly rated schools, including Blankner School and Boone High School, with The Christ School offering a private education option. While the neighborhood is adjacent to major roadways like Orange Avenue and State Road 408, providing direct routes to downtown and the east side of Orlando, traffic noise may affect homes near these roads. The SunRail commuter train at Church Street Station and Orlando International Airport, 20 miles away, offer convenient transportation options.
Home Trends in Lake Cherokee, FL
On average, homes in Lake Cherokee, Orlando sell after 78 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Cherokee, Orlando over the last 12 months is $612,500, down 23% from the median home sale price over the previous 12 months.
Median Sale Price
$612,500
Median Single Family Sale Price
$845,000
Median Townhouse Sale Price
$550,000
Median 2 Bedroom Sale Price
$600,000
Median 1 Bedroom Sale Price
$171,250
Average Price Per Sq Ft
$374
Number of Homes for Sale
9
Last 12 months Home Sales
16
Median List Price
$759,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-23%