Formosa Gardens Estates
Homes for Sale in Kissimmee, FL
All 3,127 homes for sale in Kissimmee, FL · median $375,000 · 960 homes for sale in 34747 · Osceola County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
As of November 2026, the MLS records 6 closed sales in Formosa Gardens Estates in Kissimmee, FL since 2016, the most recent in November 2025. Across Kissimmee as a whole, 4,246 homes closed in the last 12 months at a median of $360,000, 64 median days on market, with 2,907 homes for sale today. At that median and Osceola County's FY2025-26 rate of 15.23 mills, annual property tax runs about $5,480 ($4,880 with the full homestead exemption).
Part of the Formosa Gardens master-planned community in Kissimmee, FL — see all Formosa Gardens homes for sale (9 listings across 4 villages and sections in the MLS).
Formosa Gardens Estates prices off square footage and condition more than anything else. With a median living area around 3,586 square feet and a build era centered on 2003, these are large-format houses, and the spread between a dated original-owner interior and a fully updated one shows up directly in the number a seller can ask.
The homestead share here sits at roughly 23%, well below what you would expect in a primarily owner-occupied community. That tells you a meaningful share of this inventory is held as non-primary-residence property. Buyers should treat that as a market signal: pricing discipline and turnover here often track investment logic and rental-use economics as much as owner-occupant demand, and sellers should expect their comps to include both.
Figures in this note are as of July 21, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Formosa Gardens Estates right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Formosa Gardens Estates is a Kissimmee community of large single-family homes built mostly in the 2000s, with a size profile geared toward multi-bedroom, high-square-footage living rather than compact or entry-level product.
Stellar MLS sales records identify 12 homes in Formosa Gardens Estates that have changed hands since 2005, built between 1999 and 2003 (median 2003), with a median living area of about 2,677 sq ft and a typical 6-bedroom, 4-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 6 qualified sales in Formosa Gardens Estates across 2024–2025 (4 in 2024, 2 in 2025), median $789,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Formosa Gardens Estates is best for.
Best for
- A buyer prioritizing maximum square footage for the budget, comfortable with a 2000s-era build
- An investor evaluating Kissimmee-area property where non-primary-residence ownership is already common
- A buyer willing to verify HOA terms, amenities, and rental rules directly rather than assume a bundled package
Probably not for
- A buyer who wants confirmed on-site community amenities as a baseline, since none are currently identified from MLS listings
- A buyer seeking a compact or lower-maintenance footprint rather than a large-format home
- A buyer who wants a market with a high concentration of primary-residence ownership
The market around Formosa Gardens Estates
Formosa Gardens Estates is too small for its own price trend, so here is the market around it.
In ZIP 34747, 1,277 homes are on the market and 12% are under contract — a slower corner of Kissimmee.
Across Osceola County, 4,465 homes are active and 1,093 pending (20% under contract).
In ZIP 34747 (Kissimmee), 1,203 homes closed in the last 12 months at a median of $470K ($220/sq ft), down 3.0% year over year, with a median 75 days on market. Right now 447 active and 67 pending listings. See the live ZIP 34747 housing market and the Osceola County market.
ZIP and county figures describe the wider market, not Formosa Gardens Estates specifically. Momentum Research analysis of MLS records.
The Formosa Gardens Estates buying strategy.
If we were buying in Formosa Gardens Estates today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Formosa Gardens Estates.
Big Houses, Mixed-Use Ownership
The defining physical trait of this community is scale: a median of roughly 3,586 square feet puts the typical home here well above a standard single-family footprint, and the 1999-2013 build window means most of the stock is old enough to need updating decisions but not so old as to require full systems replacement across the board.
The ownership picture is the other half of the story. A homestead share near 23% means the majority of homes in Formosa Gardens Estates are not claimed as a primary residence, which is typical of communities positioned for extended-stay or investment use in this part of Osceola County. No community amenities are currently identified from MLS listing data, so anyone evaluating a purchase here should verify amenity access, HOA structure, and any rental restrictions directly rather than assuming a resort-style package is included.
The location and the amenities are priced into every listing in Formosa Gardens Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A community with this much size variance and a low homestead share needs pricing built from actual comparable condition and use, not a blended neighborhood average. We pull the Formosa Gardens Estates comps that match your specific home and intended use, whether that is owner-occupancy or investment, so you are not pricing against a mismatched pool.
Formosa Gardens Estates in 15 seconds.
Tools for a Formosa Gardens Estates buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Formosa Gardens Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Formosa Gardens Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Formosa Gardens Estates home worth?
Get a no-obligation home value based on real comparable sales in Formosa Gardens Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Kissimmee →
| Location | Kissimmee, Osceola County, FL · ZIP 34747 |
|---|---|
| Homes in the community | 68 (FL DOR 2025 assessment roll) |
| Years built | 1999–2013 (median 2003.0) |
| Typical living area | 3,586 sq ft (median) |
| Amenities listed by sellers | Closed Circuit Camera(s), Deed Restrictions, Fire Alarm, Gated, Gated Community, Gated Community - No Guard |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 24% |
Data as of September 20, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2016 through 2025; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Formosa Gardens Estates key facts,” movewithmomentum.com/neighborhoods/formosa-gardens-estates, data as of September 20, 2026.
Housing distress & ownership in Formosa Gardens Estates, Kissimmee
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period November 2026 through November 2026. Deemed reliable but not guaranteed.
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Kissimmee guides & data
- Market data
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- Flood zones
- Property taxes (Osceola County)
- Homestead exemption (Osceola County)
- Home insurance cost
Florida buyer guides
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- Florida flood insurance calculator
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Sea Pearl Circle (8 homes on record)
Email me new listings in Formosa Gardens Estates
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Formosa Gardens Estates
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Formosa Gardens Estates will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
How many homes are in Formosa Gardens Estates?
What share of Formosa Gardens Estates is owner-occupied?
When were the homes in Formosa Gardens Estates built?
Who is the best real estate agent for Formosa Gardens Estates?
How do I find a top Kissimmee real estate agent who knows Formosa Gardens Estates?
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Where is Formosa Gardens Estates, and what county is it in?
Should you buy in Formosa Gardens Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: November 12, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 34747)) |
| Under-contract shares | Stellar MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2016 (6 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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