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$375,000
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Property Description
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.
Full Property Details
Full Property Details for 505 Oakland Terrace
General
- Sold For: $375,000
- Taxes: $3,295 (2025)
- Status: Closed
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: O6422925
- Added to Site: 48 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 4
- Interior Features: Primary Bedroom Main Floor
- Appliances: Range, Refrigerator
- Furnishings: Unfurnished
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: Private Yard
Location
- Area: 32746 - Lake Mary / Heathrow
- County: Seminole
- Development Name: 32746 - Lake Mary / Heathrow
- Subdivision: LAKE BINGHAM WOODS EAST
- Driving Directions: Head north on Country Club Rd, turn left onto Main Rd, then take the first left onto Oakland Terrace. Follow Oakland Terrace to the private cul-de-sac. The home is located at 505 Oakland Terrace
- Direction Faces: Northeast
School Information
- Elementary School: Lake Mary Elementary
- Middle School: Greenwood Lakes Middle
- High School: Lake Mary High
Community
- Community Name: 32746 - Lake Mary / Heathrow
Heating & Cooling
- Cooling Type: Central Air, None
- Heating Type: Central, Electric, None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- Exterior Const.: Block, Concrete
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 1,731
- Sq. Ft. Source: Public Records
- Living Area: 1,731 Sq. Ft.
- Year Built: 1955
Lot Features
- Lot Size (Acres): 1.29
- Lot Size (Sq. Ft.): 56,232
- Lot Size: 1.2909
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $3,295
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 5 LAKE BINGHAM WOODS EAST PB 29 PGS 70 & 71
- Flood Zone Info: X
- APN: 22203050600000050
- Property ID: 22203050600000050
- Block/Lot/Section: 29
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Schools
Schools serving 505 Oakland Terrace
School District:Seminole County School District
| Name | Grades | Distance |
|---|---|---|
Lake Mary Elementary School 132 S Country Club Rd, Lake Mary, FL 32746 | K-5 | 1.3 mi |
Greenwood Lakes Middle School 601 Lake Park Drive, Lake Mary, FL 32746 | 6-8 | 1.9 mi |
Lake Mary High School 655 Longwood Lake Mary Road, Lake Mary, FL 32746 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 Oakland Terrace
Date
Details
Price
Change
Source
7/21/2026
Sold
$375,000
—
MLS
7/07/2026
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
505 Oakland Terrace, Lake Mary, FL 32746 (MLS# O6422925) is a Single Family property that was sold at $375,000 on July 21, 2026. This property was listed by Tara Mruk from our Orlando North/Heathrow Office.Want to learn more about 505 Oakland Terrace? Do you have questions about finding other Single Family real estate for sale in Lake Mary? You can browse all Lake Mary real estate or contact a Coldwell Banker agent to request more information.


