Date
Details
Price
Change
Source
8/20/2026
Listed
$199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$199,000 Just Listed
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Property Description
PRIME CORNER LOT OPPORTUNITY FOR BUILDERS & INVESTORS! Unlock the potential of this nearly ¼-acre corner lot in Sanford, offering 2,000+ square feet under roof and exciting possibilities for redevelopment. The property is ready for a complete renovation and presents multiple opportunities for the right buyer. Renovate and expand the existing structure, take advantage of the generous footprint to create a larger residence, or explore the potential for multifamily use or multiple residential units, subject to zoning and City of Sanford approval. The corner lot location, ample lot size, existing structure, and potential redevelopment opportunities make this a unique opportunity for an investor, builder, or developer looking to add value. Bring your vision and transform this property into your next project! Buyers should independently verify zoning, permitted uses, density, redevelopment options, and all building requirements.
Full Property Details
Full Property Details for 1501 Terrace Dr
General
- Price: $199,000
- Taxes: $880 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: O6434127
- Updated: 8/20/2026
- Added to Site: 4 day(s) ago
Rental Information
- Min. Lease: 8-12 Months
Interior
- Number of Rooms: 6
- Interior Features: Attic Fan, Ceiling Fan(s), Living Room/Dining Room Combo, Split Bedroom
- Appliances: Electric Water Heater
- Furnishings: Unfurnished
- Flooring: Carpet
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Laundry Room
Exterior
- Exterior Features: Awning(s)
Location
- Area: 32773 - Sanford
- County: Seminole
- Development Name: 32773 - Sanford
- Subdivision: GENEVA TERRACE AMD
- Driving Directions: From FL-417 N take Exit 50 to US-17/US-92 towards Sanford. Turn right on US-17/US-92. Turn left onto W 27th St/Florida S. Turn left onto Santa Barbara Dr. Sharp right onto Georgia Ave. Turn left onto Terrace Dr and property is on the left Corner.
- Direction Faces: North
School Information
- Elementary School: Wicklow Elementary
- Middle School: Millennium Middle
- High School: Seminole High
Community
- Community Name: 32773 - Sanford
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: None
- Utility Description: Electricity Connected, Water Connected
Structural Information
- Exterior Const.: Block
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 1,504
- Sq. Ft. Source: Public Records
- Year Built: 1980
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,308
- Lot Size: 9308
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $880
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 83 (LESS W 15.36 FT) GENEVA TERRACE AMENDED PLAT PB 12 PG 82
- Flood Zone Info: X
- APN: 2203050200000830
- Property ID: 2203050200000830
Listed by Keller Williams Realty At The Parks
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Listing agent
— 1501 Terrace Dr —
Keller Williams Realty At The Parks
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1501 Terrace Dr
School District:Seminole County School District
| Name | Grades | Distance |
|---|---|---|
Seminole High School, Sanford, FL 2701 Ridgewood Avenue, Sanford, FL 32773 | 9-12 | 0.3 mi |
Wicklow Elementary School 100 Placid Lake Drive, Sanford, FL 32773 | K-5 | 0.9 mi |
Bentley Elementary School 2190 South Oregon Avenue, Sanford, FL 32771 | K-5 | 3.1 mi |
Millennium Middle School, Sanford, FL 21 Lakeview Avenue, Sanford, FL 32773 | 6-8 | 2.2 mi |
Crystal Lake Elementary School, Lake Mary, FL 231 Rinehart Road, Lake Mary, FL 32746 | K-5 | 4.1 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 1501 Terrace Dr
Tax History
Tax History for 1501 Terrace Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$928
12%
$91,817
3%
2024
$825
5%
$89,229
3%
2023
$785
9%
$86,630
6%
2021
$723
-3%
$81,657
-3%
2022
$746
3%
$84,107
4%
2021
$723
8%
$80,530
4%
2018
$669
2%
$77,251
2%
2017
$653
-4%
$75,662
2%
2016
$683
-2%
$74,106
1%
2015
$694
1%
$73,591
-7%
2019
$687
1%
$78,719
8%
2014
$680
-2%
$73,007
2%
2013
$693
—
$71,928
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1501 Terrace Dr
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Sold by Stellar Non-Member Office
1501 Terrace Drive, Sanford, FL 32773 (MLS# O6434127) is a Single Family property with 4 bedrooms and 2 full bathrooms. 1501 Terrace Drive is currently listed for $199,000 and was received on August 20, 2026. Want to learn more about 1501 Terrace Drive? Do you have questions about finding other Single Family real estate for sale in Sanford? You can browse all Sanford real estate or contact a Coldwell Banker agent to request more information.