632 TERRACE COVE WAY, ORLANDO, FL 32828
Sources: realMLS (listings + 12-mo closed sales), FEMA, modeled insurance. Interpretation: Momentum Research. Data notes
- No CDD assessment on record
- Built 1993 · 33 yrs
- 2,416 sq ft of living area
- 2-car garage
- Listed at $615,000 — recent neighborhood median sale price ~$574,000 (nearby sales; deemed reliable, not an appraisal)
- 20 days on market
- HOA ~$50/mo (estimate; confirm)
Pricing & the Waterford Lakes Tr N24 Orlando market
How this home is priced against recent nearby sales, and where Waterford Lakes Tr N24 Orlando has been over 25 years. Momentum Research analysis of Stellar MLS records; closed sales, deemed reliable but not guaranteed. Estimates only; see data notes.
This home’s $/sq ft vs. nearby sales
List $/sq ft against recent nearby closed sales; the community median is marked.
Median $/sq ft by year
Community sold $/sq ft, 2016–2026. This home lists at $255/sq ft.
Median sale price by year
12-month median closed price, 2016–2026.
This home’s history
- 1993BuiltPer public record
- Jul 10, 2026First trackedObserved at $615,000
- NowActiveCurrently for sale
Build year is from public record. Listing milestones reflect movewithmomentum.com’s own observations since we began tracking this listing and are not the MLS listing history; dates and prices are deemed reliable but not guaranteed.
Estimated monthly payment
- Principal & interest $3,116/mo 78%
- Taxes $538/mo 13%
- Insurance $304/mo 8%
- HOA $50/mo 1%
$4,008/mo at 20% down, 30-yr @ 6.52% · edit any field to update.
Editable estimate — not a loan offer. Estimates only; see data & estimate notes.
Momentum Property Score
56/100 is solid, mid-pack across the objective indicators below. It reflects only those measures — not the home’s quality, condition, or desirability.
A 0-100 score built from objective property and market data: flood risk, insurance, pricing, supply, affordability, and recent sales. Higher means more measures line up in a buyer’s favor. It reflects only the factors below.
Momentum Scores are objective, rules-based indicators computed from listing facts, public records, and recent nearby sales. They are not appraisals, valuations, investment advice, or judgments about a neighborhood or who should live there. Verify independently.
The Momentum read
🟡 Balanced conditions around this listing. 6.0 months of supply in the surrounding market and 20 days on market for this home, against a 17-day area median.Days on market:this home 20Area median: 17 daysWhy it matters: above-median time on market, together with the level of supply, is a clear sign of how much leverage sits with buyers.Momentum Research interpretation of the MLS facts in the snapshot above. Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. As of July 15, 2026.
🟡 Asking $255 per square foot, about 21% above the community’s $211 median. Waterford Lakes Tr N24 Orlando’s 12-month median sold price per square foot is $211. Median sold price per square foot is up 2.3% year over year. Confidence: Low · 3 closed sales in 12 monthsMLS facts: realMLS closed sales. A per-square-foot gap is context, not an appraisal; condition, lot, and view set the final number here.
90% of homes in Waterford Lakes Tr N24 Orlando are owner-occupied. An estimated 10% are non-owner-occupied, including 3% held in a company or trust and 100% out-of-state owners.Why it matters: a high owner-occupied share typically means fewer rentals nearby and steadier resale demand.Source: Florida Department of Revenue 2025 assessment roll (public records), 68 homes matched. Community-level context.
Recent Waterford Lakes Tr N24 Orlando sales closed near 97.7% of original asking. Cash paid for about 0% of recent closings here.Why it matters: the community’s own record shows how far opening prices typically move, and how often buyers compete without financing.Momentum Research analysis of realMLS records, community-level, 12 months ending July 15, 2026. Aggregates only; deemed reliable but not guaranteed.
What’s unique here: one of only 2 active listings in Waterford Lakes Tr N24 Orlando, no CDD assessment.
Jump to: About this home · Every number, sourced · Monthly cost · Flood & risk · History · FAQ
Updated July 25, 2026 · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
About this home
Live the resort lifestyle in this spectacular heated pool home in highly sought-after Waterford Lakes. Situated on an oversized nearly quarter-acre lot with no rear neighbors, this updated 4-bedroom, 3-bathroom home with a dedicated home office/flex space offers 2,416 square feet of living space designed for comfort, privacy, and entertaining. Inside, you'll find soaring 12-foot ceilings, a dramatic 15-foot vaulted living room, natural light, a wood-burning fireplace, and expansive sliding glass doors that seamlessly connect indoor and outdoor living spaces.
The commercial-style gourmet kitchen features dual gas ranges and ovens, eight gas burners, dual flat-top griddles, stainless steel hood and backsplash, quartz countertops, a walk-in pantry, and a breakfast nook overlooking the pool and lanai. A formal dining room with crown molding offers entertaining space. The three-way split-bedroom floor plan offers privacy with each wing having access to its own full bathroom.
The primary suite features French doors to the pool, a walk-in closet, dual vanities, and a soaking tub. A secondary bedroom also offers French doors to the lanai and pool, a walk-in closet, and is ideal for guests or multi-generational living. The dedicated office/flex space can serve as a home office, fitness room, media room, playroom, guest room, or potential fifth bedroom.
Outside, enjoy a private backyard oasis featuring a screened heated pool and spa, swim-up bar, expansive covered lanai, and summer kitchen. The oversized pool enclosure, upgraded screening, and lack of rear neighbors provide privacy and year-round enjoyment. A standout feature is the home's propane-powered amenities, including dual propane gas ranges, propane hot water heater, buried propane tank, and propane-heated pool and spa—features rarely found in many Central Florida communities.
Major updates include a new roof (2020), whole-home repipe (2022), propane hot water heater (2023), dual gas ranges (2023), interior paint (2024), painted pool deck (2024), buried propane tank (2024), Carrier Infinity 24 variable-speed 5-ton HVAC with advanced dehumidification (2024), Carrier whole-home germicidal air purification system (2024), LG refrigerator (2024), LG washer, pedestal washer and dryer (2024), KitchenAid dishwasher (2024), Kraus touchless kitchen faucet (2024), Gerber toilets (2024), upgraded Phifer pool enclosure screens (2024), chimney improvements with new chase pan (2025), Jandy variable-speed pool pump (2025), and Jandy 400,000 BTU propane pool heater (2025). Waterford Elementary School and Discovery Middle School are located directly across the street from the community, allowing for a quick walk to school while avoiding lengthy carpool lines. The home is also zoned for highly regarded Timber Creek High School.
Residents enjoy a recreation center, resort-style community pool, fitness equipment, playground, pickleball courts, tennis courts, basketball courts, sand volleyball courts, dog park, and walking trail. Conveniently located near Waterford Lakes Town Center, UCF, Research Park, Lockheed Martin, Orlando International Airport, SR-408, SR-417, shopping, dining, entertainment, and major employers. Featuring a heated pool and spa, swim-up bar, outdoor kitchen, dedicated home office, gourmet gas kitchen, wood-burning fireplace, oversized lot, no rear neighbors, top-rated schools, and extensive recent upgrades, this exceptional Waterford Lakes home offers the true Florida lifestyle.
Description provided by CHARLES RUTENBERG REALTY ORLANDO and reproduced from the MLS; not independently verified.
Every fact, sourced
Listing data, public records, our calculations, and what to verify — each fact shown once. Estimates and calculations shown are for general information only, are not appraisals or advice, and should be independently verified.
Listing facts MLS
Public records & third-party data
Calculated estimates
Buyer should verify Buyer verify
Provided via the Stellar MLS Internet Data Exchange, as distributed by MLS GRID · Listings courtesy of Stellar MLS as distributed by MLS GRID · Listings courtesy of Stellar MLS as distributed by MLS GRID. · deemed reliable but not guaranteedIDX 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 by the MLS to be accurate.The Messtimate
This is a deliberately dumb estimate — living area times a range of recent neighborhood $/sq ft, and nothing else. It is not an appraisal, not market value, and not a valuation of this home. Even a tight range from comparable sales can’t price a specific home — here’s why.
Actual list price: $615,000 — compare it against the range above. The Messtimate is a blind sqft estimate; the list price reflects this specific home.
A 27% spread on the same house — and that gap is exactly what an automated guess can't see:
- Condition & updates — a renovated kitchen or new roof vs. dated finishes can swing value six figures; sq ft can't see it.
- The lot & views — a premium golf, water, or preserve lot vs. a road-facing one: same sq ft, very different price.
- Outliers skew it — one flip or distressed sale in the comps drags the whole $/sq ft up or down.
- Carrying costs & concessions — CDD, HOA, insurance, and seller-paid buydowns change what a buyer actually pays.
And here's what the live market is doing — which the number above ignores entirely:
- This home: 20 days on market vs. a 17-day community median
- 1 active listing competing, 1 under contract
- ≈6.0 months of supply
- 4 closed here in the last 12 months
For reference, this home is listed at $615,000 ($255/sq ft) — a number set with analysis a Messtimate can't do.
Selling your own home? Try the Messtimate on your address →
Methodology: 2,416 sq ft × $186–$236/sq ft from recent nearby closed sales (public records). Estimate for general information only; not an appraisal, valuation, or offer. Updated July 25, 2026.
Similar homes for sale near WATERFORD LAKES TR N24
Active listings nearby at a comparable size and price. Listings held by brokerages other than Momentum Realty are marked with the listing broker. Deemed reliable but not guaranteed.
Price & listing history
Building permits
Flood zone & elevation
Sourced environmental data for the parcel. Confirm with FEMA and your insurer.
From the FEMA National Flood Hazard Layer. In this zone lender-required flood insurance is generally not mandated; confirm for the parcel.
Approximate parcel elevation from USGS. Run --online for a live reading.
This is a coastal Florida county. Premiums and coverage vary by home; obtain a quote from a licensed insurer.
Internet & broadband
AT&T Fiber covers much of NE Florida. Run --online or confirm at the address.
Xfinity/Spectrum cable broadband is widely available.
T-Mobile / Verizon fixed-wireless as a backup option.
Recent sales activity in WATERFORD LAKES TR N24
Recent comparable closed sales near this home, from public records. Summary figures are for general reference only and are not a valuation of this property. See the WATERFORD LAKES TR N24 neighborhood guide for more.
Recent nearby closings in the data set.
Canonical 12-month median closed price. Reference only.
Canonical 12-month median $/sq ft. Reference only.
Go deeper on WATERFORD LAKES TR N24
See schools, amenities, builders, HOA/CDD detail, and every active & sold home in the community — the single biggest advantage of buying here over a portal.
Assigned schools
Schools currently assigned to this address in Orange County, provided as neutral factual data. Assignments can change — confirm current zoning with the school district. This is not a statement about the home's suitability for any person or family.
Assigned schools per the MLS listing — assignments can change; confirm current zoning with the district. Browse school-zone pages →
Comparable recent sales
Recent closed sales nearby, with photos, so you can compare. Sold prices are public record, deemed reliable but not guaranteed.
Community 12-month median: $211/sq ft. Shown for general reference only — this is not an appraisal or a statement of this home's value. Sold prices are public record and deemed reliable but not guaranteed.
Investment snapshot
Objective rental and cash-flow estimates for a buyer weighing this as an investment. Rough figures for general information only — not a guarantee of rent, an appraisal, or investment advice. Verify independently.
Buyer research checklist
A neutral list of items to confirm for any home. This is general guidance, not advice about this specific property.
- Confirm roof age and condition during inspection.
- Confirm HVAC age and condition during inspection.
- Request current HOA documents before relying on dues or restrictions.
- Obtain an insurance quote for this specific property.
- Confirm school zoning directly with the district.
- Order a survey to confirm lot boundaries.
- Review permit history with the county.
- Confirm whether flood insurance is required for this parcel.
- Confirm square footage and room dimensions independently.
- Ask the county how property taxes may change after a sale.
Approximate distances
Approximate drive times for general reference only.
Groceries, dining, and parks for this city — see the city guide.
Schools, taxes, and services are county-administered — see the county guide.
View →Amenities and HOA/CDD detail on the neighborhood guide.
View →Data sources & freshness
| Listing record | realMLS, refreshed twice daily (last: July 25, 2026) |
| Community market stats | realMLS closed sales, as of July 15, 2026 |
| Flood zone & elevation | FEMA flood maps + USGS elevation (Zone X shown above) |
| Taxes & monthly cost | Estimated from county rates; not a quote |
| Insurance figure | Modeled estimate; obtain a real quote before offering |
| Schools | 2025-26 district assignments; verify with the district |
Momentum Research lines are our own analysis of realMLS records; MLS data is deemed reliable but not guaranteed. Estimates are informational, not appraisals or advice. Methodology: how Momentum scores are computed.
Frequently asked questions
Why might my property taxes differ from the current owner's?
Florida's Save Our Homes rule caps annual assessment increases for homesteaded owners, and the assessment can be re-set after a sale. As a result a new owner's bill may differ from the seller's. Any tax figure shown here is an estimate, not the actual bill — confirm with the county property appraiser and tax collector.
Where does the flood-zone information come from?
The flood designation shown (Zone X) comes from the FEMA flood map and is provided for general information. Confirm the parcel's status with FEMA and your insurer.
Can I rely on the figures on this page?
No. Estimated taxes, insurance, payments, and any market or comparable-sales summary are opinions and estimates for general information only and should not be relied upon. Verify all information independently before making any decision.
See 632 TERRACE COVE WAY in person
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Opinion & estimate — do not rely on this page. Any figure on this page that is not a verbatim fact from the listing or a public record — including estimated property taxes, insurance, CDD/HOA amounts, mortgage payments, comparable-sales summaries, and market statistics — is an opinion and estimate provided for general informational purposes only. These figures may be inaccurate or out of date, are not appraisals, valuations, or financial, legal, tax, or investment advice, and should not be relied upon. Do not make any purchase, offer, financing, or other decision based on this page. Independently verify everything — price, square footage, lot size, year built, taxes, CDD/HOA, flood status, school assignments, permits, and community rules — with the listing broker, the county, your lender, a licensed inspector, an insurer, and your own advisors before acting.
Estimate methodology. Tax estimates apply a typical county millage rate to the list price and will differ from the actual assessed bill. Cost and market figures are derived from available data and simple calculations, not a professional appraisal. We make no representation that any estimate reflects fair market value.
Equal Housing Opportunity. Content on this page is compiled from public records, MLS data, and automated sources and may contain errors or be out of date. It is general information only, not a representation about any specific property, community, builder, or association. Verify information independently before relying on it. Momentum Realty supports the Fair Housing Act and does not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. Information about schools, distances, and amenities is provided as neutral factual data to help you research the property and is not a statement about who should or should not live here or the suitability of the home or neighborhood for any person or group. School data may change — confirm current assignments with the school district.
Found an error? If you are the owner, listing agent, or a party to this property and believe any information is inaccurate, email and we will review and correct or remove it promptly.
Automated content. Some summaries, distances, and estimates on this page are generated automatically from public and proprietary data sources and may contain errors or omissions. We strive for accuracy but cannot guarantee the completeness or accuracy of any information. Verify anything important independently.
MLS / IDX. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Stellar MLS Internet Data Exchange, as distributed by MLS GRID. Real estate listings held by brokerage firms other than Momentum Realty are marked with the listing broker's name and include the name of the listing agent. Data provided is deemed reliable but is not guaranteed by the MLS to be accurate. The information being provided is 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. Source: Stellar MLS, as distributed by MLS GRID. Listings courtesy of Stellar MLS as distributed by MLS GRID. All rights reserved.
Listing data is deemed reliable but is not guaranteed and is subject to change or withdrawal without notice. Square footage and lot size are approximate. Real estate brokerage services provided by Momentum Realty, licensed in Florida and Georgia. © 2026 Move With Momentum LLC.