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
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
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.
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.
See homes for sale in Island Cove Villas Ph 02 on the map →
Recent Developments in Island Cove Villas Ph 02
Development, infrastructure, retail, and school activity affecting Island Cove Villas Ph 02, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
Capstone begins construction on The Gateway luxury apartments
Capstone Building Corp began construction on The Gateway, a 270-unit apartment community at 7250 Shadowridge Drive in Orlando, developed by JBL Development. The five-story gated project spans more than 417,000 square feet and is expected to be completed in late 2027. Amenities include a saltwater pool, fitness center, pickleball court, and a clubhouse with a restaurant and bar.
What it may mean for the marketAdds 270 market rate apartments in a five story building with resort style amenities, expanding the local rental housing stock in the Airport Lakes area of south Orlando. The project is about 6 miles southeast of Island Cove Villas Ph 02, elsewhere in Orange County.
Source: Construction Owners - July 2026Development
Orange County opens Enclave at Canopy Park with 104 affordable units
Orange County opened The Enclave at Canopy Park, a 104-unit affordable apartment community at 4440 Canopy Park Loop developed by Archway Partners. The county contributed 3 million dollars from its Affordable Housing Trust Fund. The community includes one and two bedroom homes plus a community center, fitness center, technology lab, and EV charging.
What it may mean for the marketAdds 104 income-restricted apartment homes to the local rental supply along with new community amenities and green-certified construction. The site is about 2 miles southwest of Island Cove Villas Ph 02.
Source: ClickOrlando - July 2026Civic
Orange County previews new Innovation Center on West Colonial Drive
Orange County previewed its new Innovation Center at 7149 West Colonial Drive, located within the county's Multicultural Center and Senior Center complex, with an official opening set for Fall 2026. The center will offer technology programs including 3D printing and makerspace prototyping through the Orange County Library System, plus career exploration and workforce training through CareerSource Central Florida.
What it may mean for the marketAdds a county operated civic and technology facility with library and workforce programming to the West Colonial corridor. The project is about 6 miles northwest of Island Cove Villas Ph 02, elsewhere in Orange County.
Source: Orange County Newsroom - June 2026Development
Mixed-use high-rise redesigned for 924 and 934 North Magnolia Avenue
A redesigned 17-story mixed-use high-rise was proposed for 924 and 934 North Magnolia Avenue in Orlando's North Quarter district by Acram Group. The project would include 350 residential units, about 3,300 square feet of ground-floor commercial space, and a parking garage with 510 spaces, replacing two 1972 office buildings. A public plaza is planned at the corner of Magnolia and Weber Street.
What it may mean for the marketWould replace two aging office buildings with 350 residences, ground floor retail, and structured parking, adding housing density and a public plaza along the Orlando Urban Trail. The project is about 3 miles north of Island Cove Villas Ph 02, elsewhere in Orange County.
Source: Florida YIMBY - June 2026Development
Planning board approves zoning for 37-story tower at 170 East Washington Street
Orlando's Municipal Planning Board voted to approve a Planned Development amendment for a 37-story, 425-foot mixed-use tower at 170 East Washington Street across from Lake Eola Park. The project would include 252 residential units, a 221-room hotel, a three-story restaurant, and structured parking. It still requires City Council consideration before construction.
What it may mean for the marketWould add a 37 story tower with 252 residences and a hotel to the downtown skyline, replacing a prior approval for a 7 story hotel and increasing high density housing and parking supply. The project is about 2 miles north of Island Cove Villas Ph 02, elsewhere in Orange County.
Source: Florida YIMBY - March 2026Development
Orlando approves the 380-acre Dowden Central Community Development District in Lake Nona
Orlando approved the Dowden Central Community Development District, a roughly 380-acre district in the Lake Nona area of southeast Orlando, in March 2026. The district provides the framework to build roads, drainage, utilities, and parks for future development phases.
What it may mean for the marketA new community development district lays the groundwork for large-scale growth in the Lake Nona area, a step that typically precedes new housing and commercial activity nearby. The site is about 11 miles southeast of Island Cove Villas Ph 02.
Source: ClickOrlando
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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.
Own a home here?
You just read the data. Now see what your home is worth.
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.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Island Cove Villas Ph 02 fits the bigger picture — live prices, inventory, and Momentum Scores: