Neighborhood · Orlando, Florida
Lake Terrace
Close-in Orlando living, quietly under the radar
Lake Terrace sits within easy reach of everything that makes central Orlando work day to day — downtown is about 11 minutes out, Universal roughly 22, and MCO around 24. It's a small, established pocket zoned to William R Boone High and Howard Middle, with the kind of low-turnover feel that comes from neighbors who stay put. If you want the connectivity of larger communities like Metro West or Laureate Park without the sprawl, this is the trade-off worth knowing about.
The market reality here is scarcity. There are currently no active listings, and only 9 homes have sold in the past 12 months at a median of $448,000 — with sellers pocketing about 98% of asking. That tells you two things: when a home does come up it moves close to list price, and buyers need to be ready to act rather than shop around. Compared with the steady inventory in Hunters Creek, Lake Terrace rewards patience and a pre-approved offer.
Lake Terrace is a community in Orlando, Florida.
Quick facts
$1,600/mo median rent
9 sold in 12 months
Drive times
On the market now
Homes for sale in Lake Terrace
Nothing active right now.
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Every active listing inside the Lake Terrace boundary
Open full map search →The numbers that matter
The Lake Terrace market
9
Sold, last 12 months
$448,000
Median sold price
98%
Sale-to-list ratio
What sellers actually get vs asking
21 days
Median time to sell
Lake Terrace vs Orlando
Median sold price — 3-yr, 3-mo rolling
▼ 18.6% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Lake Terrace boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Lake Terrace is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
Population
922
Median age
31
Median income
$51,753
Median home value
$340,791
Beyond the listings
Living in Lake Terrace
Appearance oriented
Top 4% in the U.S.Body Art
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Food & Drink
Top 5% in the U.S.Ingredient Attentive
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Food & Drink
Top 8% in the U.S.Trendy Eats
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
Hobbies & Interests
Top 22% in the U.S.Bookish
Always seeking the next book, article, or poem to read, this activity is prevalent in areas where reading is a way of life. Although a solo activity, the expression of the love of books is a bonding, communal experience.
Beliefs
Top 24% in the U.S.Activism
This population seeks to advocate for a more just world. Common activities include protests, rallies, and spreading awareness to the public about social justice issues.
Food & Drink
Top 24% in the U.S.Fueling for Fitness
A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.
People who close here
Our Orlando experts
Straight answers
Lake Terrace FAQs
Is Lake Terrace a good place to live?+
It's a compact, established Orlando neighborhood with strong location value — about 11 minutes to downtown and 24 to MCO. It's zoned to William R Boone High and Howard Middle, and the low turnover suggests residents tend to stay. If you value being close-in over having a big amenity package, it fits well alongside larger options like Metro West.
Is Lake Terrace expensive?+
The median sold price over the past 12 months was $448,000, which lands in the mid-range for close-in Orlando neighborhoods. With sellers getting around 98% of asking, there isn't much room to negotiate below list. It's more attainable than luxury-heavy pockets but still reflects the premium of a central location.
What do homes cost in Lake Terrace?+
Recent sales set the median at $448,000 based on 9 homes sold in the last year. There are no active listings right now, so pricing is best read from those closed sales. Expect homes to sell near asking, since the average was about 98% of list price.
How is the Lake Terrace market right now?+
Inventory is essentially nonexistent — zero active listings at the moment against 9 sales in the trailing 12 months. That makes it a seller-friendly, low-supply market where well-priced homes move quickly. Buyers should line up financing early and be prepared to move faster than they would in a higher-inventory area like Hunters Creek.
What about HOA fees and property taxes?+
HOA and property tax figures aren't currently reported for Lake Terrace, so confirm both directly on any specific home before you write an offer. As a rental benchmark, the median in the area is about $1,600 a month. Your agent can pull exact tax records once you identify a property.
Keep exploring
More Orlando neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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