Lake Mary Florida has huge a range of home prices and WHAT YOU GET for that price varies dramatically from one range to the next. Today I’ll be sharing HOW MUCH home you can buy at EACH of these price ranges. These price ranges impact WHERE in Lake Mary you can buy a home, so I’ll also be noting where in Lake Mary you can buy a home WITHIN that range. I’ve been helping buyers and sellers in the Lake Mary area for many years, so I understand why sometimes it’s hard to know how much of a home you can buy for your budget.

It’s important to note that home prices are always changing; however, these price “ranges”, should remain the same IN RELATION to the others over time. Maybe your budget shows up early in this blog, but be sure to read to the end to see what features are added to each price range and then, towards the end, I’ll be addressing the priciest of Lake Mary’s homes.

$0 to $200k

Let’s start with the lowest price range of homes in Lake Mary, from zero to $200k. Lake Mary is unique here, in that there are only 8 homes available in this range. A week ago when I checked this same data there were only six, when there were 23 of them over in Sanford, Lake Mary’s neighbor.

These 8 homes are all condos and have one or two bedrooms. Seven of them are down in Regency Park off of Lake Emma Road in a gated community. They’ve got a pretty steep homeowner’s association fee in there, but it’s guard gated, has a pool, and something this inexpensive in Lake Mary is a rarity.

$200k to $300k

When looking at homes priced from $200k to $300k there are 23 homes that are either under contract or sold in the last 90 days. Just three of these are single family homes, 5 are townhomes and the remaining 15 are condos. Two of these “single family homes” were actually just the LAND portion for a new construction purchase, so…to me, that one doesn’t really have any value for how much HOME you can buy for this price range.

That leaves ONE single family residential home in all of Lake Mary for under $300k. It hasn’t closed as of this video’s recording, but its a 3/1 concrete block home built in 1961 with 1,144 square feet in apparently decent condition. Because the details of the sale aren’t yet public, all I know is that they have strong interest in the property and that there were multiple offers on this home, likely because of its location just a short way off of West Lake Mary Boulevard over in the eastern third of Lake Mary.

The 5 townhomes were in the Chase community and had almost 1,100 square feet and 2 bedrooms and 2 ½ baths. These are pretty nice townhomes in a gated community with condo fees of right around $285 bucks a month, and that gets you a pool and exterior maintenance, too. All of these are way out on the east side of town not too far from the 417.

For a condo between $200k and $300k you can get 2 or 3 bedrooms and most of them top out at around 1,400 square feet. Of course, they’ll have condo association dues as well and most of these are right in the Lake Mary Boulevard and I-4 area.

$300k to $400k

When we bump our price range up to between $300k and $400k, we get a much higher percentage of single-family homes, with 18. Most of these are down on the south-central part of Lake Mary, and for this money you can get a 3/2 home with a garage, most of which were built in the ‘80’s with under 2,000 square feet.

$400k to $500k

Buyers with between $400k and $500k have over twice as many homes to choose from here in Lake Mary, with 33 of them being single family homes scattered geographically throughout Lake Mary. For this money you can get a 4-bedroom home with over 2,000 square feet and a pool, including some homes inside Heathrow. This same price range will also get you a real nice townhome in gated communities like Fountain Parke and Grande Oaks with 4 bedrooms, over 2,400 square feet, a community pool, and all that. Fountain Parke is off of Rinehart Road not far from I-4 and Grande Oaks is up on the north side near International Parkway.

$500k to $600k

The next price range of between $500k and $600k still has 29 homes in Lake Mary, 28 of which are single family homes. For perspective, there are currently just TWO homes in this price range over in Sanford. The majority of these homes are north of Lake Mary Boulevard, but there are quite a few on the south side, too. For this money you can get a really nice 4-bedroom pool home in a guard gated community. Just about all of these do come with a homeowner’s association fee, but at this price point, that shouldn’t be a major concern for most buyers.

$600k to $800k 

Got $600k to $800K? Well, there are still 25 homes in this category. If you haven’t figured it out yet, Lake Mary is where the money lives. These homes are still scattered throughout Lake Mary, unlike some other local cities where, as prices rise, homes tend to shift geographically. Most of these are still on smaller lots less than a half-acre, but now you’ve got some really nice homes in Timacuan, Heathrow and Tuscany. You can get a pool home with 3-5 bedrooms and over 3,000 square feet with all sorts of upgrades like quartz countertops, paver lined driveways and three-car garages.

Over $1,000,000

Lake Mary has a whopping 21 homes either under contract or that have sold in the last 90 days if you’ve got over a million bucks to spend, that’s a lot of options. From a geographical perspective, this is where things change. Almost all these homes are out on the west side of I-4. For this money, you’re getting homes on water with all sorts of upgrades, most of which are in gated neighborhoods, and I believe they all have home homeowner’s associations attached to them. They’ve got 4 to 6 bedrooms, swimming pools and 3,500 to 5,000 square feet. Got $10 million bucks? There’s one of those currently on the market. If you’re interested in THAT one, give me a call and me or someone on my team can help you get a look at that one! For that matter, give us a call and we can help with ANY of your real estate needs here in Central Florida.

Published on June 13. 2023 / Tags: Lake Mary homes, moving to Lake Mary / no comments.