1

Lake Terrace Multifamily Home for Sale

Section Image
  • /52

    $998,000

    • 1103 Beds
    • 1103 Baths
    • 3,070 Sq Ft

    1721 Hour Glass Dr, Orlando, FL 32806

    LUXURIOUS LAKEFRONT LIVING IN THE HIGHLY SOUGHT AFTER HOURGLASS DISTRICT!! THIS INCREDIBLY BEAUTIFUL HOME HAS ENDLESS INCOME OPPORTUNITIES AND NO HOA!!! THE MAIN HOUSE (1950 SQ FT) HAS 3 BEDROOMS AND 3 FULL BATHS PLUS A LOFT BEDROOM WITH ROOM FOR AN OFFICE. GOURMET KITCHEN AND OPEN FLOOR PLAN WITH ALL THE BELLS AND WISTLES. VAULTED WOOD CEILINGS, WET BAR, GRANITE COUNTER-TOPS, STAINLESS-STEEL

    Alynne Cordray MAVENS REALTY INC

    1721 Hour Glass Dr, Orlando, FL 32806

Why Live in Lake Terrace

Lake Terrace in Orlando is a neighborhood that combines established charm with contemporary living, highlighted by the vibrant Hourglass District. This area features trendy eateries and shops along Curry Ford Road, enhancing the neighborhood's appeal. Residents enjoy a quasi-suburban setting with waterfront green spaces and proximity to downtown Orlando's cultural and business districts, just minutes away. Housing in Lake Terrace varies widely, from ranch-style and midcentury-modern homes to colorful cottages and multi-level custom homes. Exclusive communities like Porter Place offer higher-priced homes, while new developments include stand-alone townhomes and multi-family options like Orange Tree Village's condominiums. The Hourglass District is a hub for breweries and restaurants, including popular spots like The Commission Beer Chamber, Hourglass Brewing, Cilantro’s Taqueria, Pizza Bruno, and Hourglass Social House. Unique shopping experiences can be found at Apple Core Antiques & Gifts, while standard shopping needs are met at The Market at Southside and SoDo Shopping Center. Educational options include the highly-rated Blankney K-8 and Boone High, both A-rated schools. Recreational opportunities abound with lakeside parks such as Hourglass Lake Park, Crystal Lake Park, and Lake Lancaster Park, offering fishing and nature watching. The nearby Fort Gatlin Recreation Center provides more active pursuits. Public transportation via LYNX buses connects residents to downtown Orlando, about 3 miles north, with further access to SunRail, Amtrak, and Interstate 4. Orlando International Airport is approximately 8 miles south.

Home Trends in Lake Terrace, FL

Housing Trends

Median Sale Price
$469,950
Median Single Family Sale Price
$474,900
Median Townhouse Sale Price
$410,000
Median 2 Bedroom Sale Price
$1,682,500
Average Price Per Sq Ft
$246
Number of Homes for Sale
11
Last 12 months Home Sales
89
Months of Supply
1.50
Median List Price
$465,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
27%
How to Buy a Home How to Finance a Home How to Sell a Home