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$375,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,731 Sq. Ft.
  • Updated 1 hour ago
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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 for 505 Oakland Terrace

General

  • Price: $375,000
  • Taxes: $3,295 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6422925
  • Updated: Today (7/7/2026)
  • Added to Site: Today

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
  • 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
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 505 Oakland Terrace —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 505 Oakland Terrace

School District:Seminole County School District
NameGradesDistance
Lake Mary Elementary School
132 S Country Club Rd, Lake Mary, FL 32746
K-51.3 mi
Greenwood Lakes Middle School
601 Lake Park Drive, Lake Mary, FL 32746
6-81.9 mi
Lake Mary High School
655 Longwood Lake Mary Road, Lake Mary, FL 32746
9-121.7 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/07/2026
Listed
$375,000
228.95%
MLS
5/06/1999
Sold
$114,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 505 Oakland Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,276
194%
$228,938
60%
2024
$1,113
4%
$142,958
3%
2023
$1,066
—
$138,794
6%
2021
$1,067
-1%
$130,826
-3%
2022
$1,083
1%
$134,751
4%
2021
$1,067
5%
$129,020
4%
2018
$1,016
-2%
$123,767
-2%
2019
$1,032
2%
$126,119
4%
2017
$1,011
-5%
$121,221
2%
2016
$1,066
-1%
$118,728
1%
2015
$1,081
1%
$117,903
1%
2014
$1,071
-1%
$116,967
2%
2013
$1,084
—
$115,238
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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505 Oakland Terrace, Lake Mary, FL 32746 (MLS# O6422925) is a Single Family property with 4 bedrooms, 1 full bathroom and 1 partial bathroom. 505 Oakland Terrace is currently listed for $375,000 and was received on July 07, 2026. This property is 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.

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