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$587,500 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,828 Sq. Ft.
  • Updated 6 days ago

Next open house:

Open House: 2:00 PM - 5:00 PM

Sunday 4/12 2:00 PM - 5:00 PM

531 Terrace Cove Way,Orlando, FL 32828

531 Terrace Cove WayOrlandoFL32828

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Welcome to 531 Terrace Cove Way, a beautifully maintained residence offering a spacious and flexible layout tailored for modern living. This thoughtfully designed home features 4 bedrooms, 2.5 bathrooms, a versatile flex room, and an airy second-floor loft, providing ample room for work, play, and relaxation. The primary suite is conveniently located on the first floor and showcases a fully remodeled ensuite bathroom, creating a serene retreat with fresh, contemporary finishes. Sunlit living spaces flow seamlessly throughout the main level, highlighting the home's warm ambiance and inviting character. Step outside to your own private sanctuary, complete with a screened-in pool perfect for year-round enjoyment and effortless outdoor entertaining. The covered patio offers an ideal setting for al fresco dining or peaceful evenings by the water. Situated in a desirable East Orlando community just minutes from Waterford Lakes, top-rated schools, UCF, and major commuter routes, this home blends comfort, convenience, and resort-style living in one exceptional package. It's ready to welcome its next owner

Full Property Details for 531 Terrace Cove Way

General

  • Price: $587,500
  • HOA FEE: $29/month
  • HOA FEE FREQ.: Annually
  • Taxes: $7,841 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6394084
  • Updated: 3/27/2026
  • Added to Site: 6 day(s) ago

Rental Information

  • Min. Lease: 8-12 Months

Interior

  • Number of Rooms: 10
  • Interior Features: Ceiling Fan(s), Primary Bedroom Main Floor, Vaulted Ceiling(s), Walk-In Closet(s)
  • Fireplace: Yes
  • Fireplace(s): Decorative
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Carpet, Ceramic Tile, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: In Ground, Screen Enclosure

Exterior

  • Exterior Features: Irrigation System

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2

Location

  • Area: 32828 - Orlando/Alafaya/Waterford Lakes
  • County: Orange
  • Development Name: 32828 - Orlando/Alafaya/Waterford Lakes
  • Subdivision: WATERFORD LAKES TR N24
  • Driving Directions: Follow GPS directions
  • Direction Faces: West

School Information

  • Elementary School: Waterford Elem
  • Middle School: Discovery Middle
  • High School: Timber Creek High

Community

  • Community Name: 32828 - Orlando/Alafaya/Waterford Lakes
  • Association: Yes
  • Assoc. Name: Community Management Specialists, Inc
  • Pet Restrictions: Check with HOA

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Private Sewer
  • Water: Public
  • Utility Description: Electricity Available, Water Available

Structural Information

  • Exterior Const.: Stucco
  • Roof: Shingle
  • Stories/Levels: Two
  • Square Feet: 2,828
  • Sq. Ft. Source: Public Records
  • Year Built: 1995

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,666
  • Lot Size: 8666
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Association Fee: $350
  • Assoc Fee Freq.: Annually
  • Assoc Fee Desc.: Required
  • Tax Amount: $7,841.91
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: WATERFORD LAKES TRACT N-24 30/89 LOT 85
  • Flood Zone Info: X
  • APN: 262231905000850
  • Property ID: 262231905000850
Buyer's Brokerage Compensation: 2.5%
Not binding unless confirmed by separate agreement among applicable parties.

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— 531 Terrace Cove Way —

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with our affiliated lender
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 531 Terrace Cove Way

School District:Orange County School District
NameGradesDistance
Waterford Elementary School
12950 Lake Underhill Road, Orlando, FL 32828
K-50.2 mi
Discovery Middle School, Orlando, FL
601 Woodbury Road, Orlando, FL 32828
6-80.2 mi
Timber Creek High School
1001 Avalon Park Boulevard, Orlando, FL 32828
9-123.1 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 531 Terrace Cove Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/27/2026
Listed
$587,500
11.9%
MLS
2/13/2023
Sold
$525,000
—
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 531 Terrace Cove Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,842
5%
$491,540
4%
2024
$7,493
-4%
$472,569
—
2023
$7,811
39%
$472,760
44%
2021
$5,634
-12%
$329,211
-20%
2022
$6,384
13%
$412,690
24%
2021
$5,634
-1%
$331,873
2%
2019
$5,679
37%
$325,190
22%
2018
$4,151
2%
$266,962
2%
2017
$4,080
-23%
$261,471
-11%
2016
$5,329
4%
$294,959
11%
2015
$5,111
10%
$264,938
10%
2014
$4,632
11%
$240,853
12%
2013
$4,188
—
$215,702
—
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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531 Terrace Cove Way, Orlando, FL 32828 (MLS# O6394084) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 531 Terrace Cove Way is currently listed for $587,500 and was received on March 27, 2026. This property is listed by Rocio Ruiz from our Winter Park Office.Want to learn more about 531 Terrace Cove Way? Do you have questions about finding other Single Family real estate for sale in Orlando? You can browse all Orlando real estate or contact a Coldwell Banker agent to request more information.

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