Island Cove Villas Ph 02
Homes for Sale in Orlando, FL
True comps, carrying-cost math, and listings before the portals.
Island Cove Villas Ph 02 is a compact, homogeneous product — 250 homes built between 1993 and 2009, with a median footprint around 1,352 square feet. When homes are this consistent in size and vintage, price is driven far less by square footage than by condition and updates. The median sits near $258,700, and at roughly $215 per square foot, the spread between an original-condition unit and a renovated one is where the real negotiation happens.
The current posture favors patience on both sides. A median of 84 days on market is slow, and prices are down 12.3% year over year, so sellers should expect to earn their number with condition and correct pricing rather than momentum. Buyers have room to negotiate and time to inspect — but the thin closings window means comps are limited, so lean on the property itself over the tape.
Island Cove Villas Ph 02 right now
🔴 Off the recent peak. The trailing-12-month median ($259K) is down 12.3% from the prior 12 months ($295K). With about 2 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending July 13. Confidence: Low (4 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 13, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Island Cove Villas Ph 02 right now
🔴 Off the recent peak. The trailing-12-month median ($259K) is down 12.3% from the prior 12 months ($295K). With about 2 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending July 13. Confidence: Low (4 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 13, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Island Cove Villas Ph 02 market snapshot (as of July 13, 2026): the median sale price is about $259K ($215 per sq ft over the trailing 12 months of closed sales), and a median 84 days on market for closed sales. The trailing-12-month median is down 12% from the prior 12 months, computed from record-level Stellar MLS closed sales (4 closings in the current window).
Island Cove Villas Ph 02 is a community of 250 homes in Orlando, Orange County, built between 1993 and 2009 (median 2002.0), with a median living area of about 1,352 square feet. 54% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
This is a small, uniform villa community where the homes vary little in size, so the market here rewards a buyer who reads condition closely and a seller who prices to the current, softer pace.
Who Island Cove Villas Ph 02 is best for.
Best for
- Buyers targeting a right-sized villa near the mid-$250s who value predictable layouts
- Value-focused buyers willing to trade an original-condition unit for renovation upside
- Long-hold buyers comfortable with a slower, condition-driven resale market
Probably not for
- Buyers needing significantly more than about 1,352 square feet of living space
- Sellers who need to close fast in a market averaging over 80 days on market
- Buyers counting on near-term appreciation after a 12.3% year-over-year decline
Median sale price over the trailing 12 months ending July 13 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($259K) IS the median in the snapshot above, and the move from 2025 ($295K) IS the -12.3% one-year change.
Windows contain 0 to 6 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. Deemed reliable but not guaranteed.
The Island Cove Villas Ph 02 buying strategy.
If we were buying in Island Cove Villas Ph 02 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 Island Cove Villas Ph 02.
A condition-driven villa market
With a median year built of 2002 and a tight size band around 1,352 square feet, the value question here is almost entirely about upkeep and updates. Two villas of nearly identical layout can sit well apart on price depending on kitchens, baths, roofs, and mechanical age — so the median tells you the center of gravity, not what any single unit should trade at.
The homestead share sits just above half, which points to a mix of owner-occupied and non-owner-occupied units. That matters for financing and HOA context, and it means inventory can come to market for different reasons at different times. With only four closings in the window and 84 median days on market, price discovery is slow; treat each listing on its own merits rather than assuming a clean trend.
The location and the amenities are priced into every listing in Island Cove Villas Ph 02. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Island Cove Villas Ph 02 buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (4.2). Basis: Recent Direction -12.3% year-over-year; Owner Commitment 54% owner-occupied; Pricing Power 91.4% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a thin, slow-moving market with a soft year-over-year print, the difference between a fair deal and an overpay is condition analysis and disciplined pricing — not a headline number. We walk the units, weigh the updates against the median, and set expectations for the 80-plus-day pace so neither buyers nor sellers get surprised.
Island Cove Villas Ph 02 in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Island Cove Villas Ph 02 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 Island Cove Villas Ph 02 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Island Cove Villas Ph 02, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Island Cove Villas Ph 02 home worth?
Get a no-obligation home value based on real comparable sales in Island Cove Villas Ph 02, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Island Cove Villas Ph 02?
How long do homes in Island Cove Villas Ph 02 take to sell?
How many homes are in Island Cove Villas Ph 02?
What share of Island Cove Villas Ph 02 is owner-occupied?
When were the homes in Island Cove Villas Ph 02 built?
Do cash buyers compete in Island Cove Villas Ph 02?
Who is the best real estate agent for Island Cove Villas Ph 02?
How do I find a top Orlando real estate agent who knows Island Cove Villas Ph 02?
Can Momentum Realty connect me with an agent for Island Cove Villas Ph 02?
Should you buy in Island Cove Villas Ph 02?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending July 13, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (3 streets, ZIP 32824)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2014 (26 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.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 13 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($259K) IS the median in the snapshot above, and the move from 2025 ($295K) IS the -12.3% one-year change.
Windows contain 0 to 6 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. Deemed reliable but not guaranteed.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending July 13, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (3 streets, ZIP 32824)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2014 (26 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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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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