Home in 531 Terrace Cove Way Orlando for sale with MLS# O6394084

Under contract-accepting backup offers. 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

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531 Terrace Cove Way, Orlando, FL 32828

Price
Price:
$587,500.00
Original List Price:
$587,500.00
List Price per Sq Ft (Calculated, Approx.):
$207.74
Property Status and Type
Listing Type:
For Sale
Status:
Pending (An offer has been accepted)
Previous Status:
Active
Listing Category:
Residential
Property Type:
Single Family House
MLS Number:
O6394084
Rooms Distribution
Bedrooms:
4
Bathrooms Total:
3
Full Bath:
2
Half Bath:
1
Measures
Living Area:
2,828 Sqft
Built-Up Area:
3,584 Sqft
Lot Area:
8,666 Sqft
Building Area Source:
Public Records
Living Area Source:
Public Records
Lot Features:
Corner Lot
Lot Size Acres:
0.2
Property Features
Waterfront:
No
Private Pool
Swimming Pool Features:
In Ground, Screen Enclosure
Furnished:
Unfurnished
Appliances:
Dishwasher, Microwave, Refrigerator, Electric Water Heater, Range
Interior:
Walk-In Closet(s), Vaulted Ceiling(s), Ceiling Fans(s), Primary Bedroom Main Floor
Laundry:
Laundry Room
Fireplace
Fireplace:
Decorative
Air Conditioning System:
Central Air
Heating System:
Central
Property Entrance Faces:
West
Other Equipment:
Irrigation Equipment
Construction
Year Built:
1995
Roof:
Shingle
Levels:
Two
Construction Materials:
Stucco
Flooring:
Carpet, Laminate, Ceramic Tile
Number of stories:
2
Foundation Details:
Slab
Flood Zone Code:
X
Taxes and Expenses
Homestead Property
Tax Annual Amount:
$7,841.91
Tax Year:
2025
Association Fee:
$350.00
Association Fee Frequency:
Annually
Association Fee 2nd HOA:
$249.00
Association Fee 2nd HOA Frequency:
Quarterly
Total Annual Fees:
$1,346.00
Total Monthly Fees:
$112.17
Parking
Garage
Garage Spaces:
2
Attached Garage
Utilities
Sewer:
Private Sewer
Utilities Available:
Electricity Available, Water Available
Water Source:
Public
Community
Association
Minimum Lease Term:
8-12 Months
Pets Allowed?:
Breed Restrictions
Subdivision Name:
WATERFORD LAKES TR N24
Senior Community:
No
Association Fee Required:
Required
Association Management:
Community Management Specialists, Inc
Association Phone:
407.359.7202
2nd Association Management:
Waterford Lakes Community Association, Inc
Terms
Listing Terms Considered by Seller:
Cash, Conventional, FHA, VA Loan
Occupant Type:
Owner
Lease Considered:
Yes
Zoning and Legal
Tax Legal Description:
WATERFORD LAKES TRACT N-24 30/89 LOT 85
Real Estate Folio Number (Parcel Number):
26-22-31-9050-00-850
Zoning:
P-D
Title to the property is held by owner as:
Fee Simple
Public Schools Assigned
High School:
Timber Creek High
Middle Or Junior School:
Discovery Middle
Listing History
Originally published on:
March 27, 2026 3:17 pm
Active on the market since:
March 27, 2026
Listing Agreement executed on:
March 23, 2026
Purchase Contract Date:
April 17, 2026
Listing Status Last Changed On:
April 17, 2026 3:26 pm
Photos updated on:
March 27, 2026 3:20 pm
Last Modified:
April 17, 2026 3:27 pm
Additional Information
Courtesy of:
COLDWELL BANKER REALTY
Attribution:
407-647-1211
Road Surface Type:
Asphalt
Location
Street Name:
TERRACE COVE
Street Number:
531
City:
ORLANDO
State:
Florida
Zip Code:
32828
County:
Orange
Latitude:
N28° 32' 42.2''
Longitude:
W82° 48' 22.4''
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $99,927
Median Home Value $403,700
Median Rent $1,830/mo
Median Age 36
Population 69,937

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Association of REALTORS®
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