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$375,000
Active
505 OAKLAND TERRACE
LAKE MARY, FL 32746 — LAKE BINGHAM WOODS EAST
4 Beds
2 Baths
1,731 sqft
1.29 acres
Built 1955
About This Property
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.
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.
Property Details
Basics
- Property Type
- Residential
- Property Subtype
- Single Family Residence
- MLS Number
- O6422925
- Year Built
- 1955
- Levels
- One
- Direction Faces
- Northeast
- Occupant Type
- Vacant
Size & Structure
- Living Area
- 1,731 sqft
- Total Area
- 2,027 sqft
- Lot Size
- 1.29 acres
- Lot Sq Ft
- 56,232 sqft
- Bedrooms
- 4
- Full Baths
- 1
- Half Baths
- 1
Interior
- Flooring
- Other
- Appliances
- Range, Refrigerator
- Interior Features
- Primary Bedroom Main Floor
- Laundry
- Inside
- Furnished
- Unfurnished
- A/C
- Central Air, None
- Heating
- Central, Electric, None
Exterior & Lot
- Exterior Features
- Private Yard
- Construction
- Block, Concrete
- Roof
- Shingle
- Foundation
- Slab
Water & Pool
Community & HOA
- HOA
- No
Utilities & Systems
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Public
- Cooling
- Central Air, None
- Heating
- Central, Electric, None
- Flood Zone
- X
Financial
- List Price
- $375,000
- Annual Taxes
- $3,295
- Tax Year
- 2025
- Listing Terms
- Cash
- Special Conditions
- None
Schools
- Elementary
- Lake Mary Elementary
- Middle School
- Greenwood Lakes Middle
- High School
- Lake Mary High