Lake Knowles Terrace
Homes for Sale in Winter Park, FL

Lake Knowles Terrace market snapshot (as of September 20, 2026): the median sale price is about $1.30M ($554 per sq ft over the trailing 12 months of closed sales), a median 26 days on market for closed sales, and 9.0 months of supply, a buyer-leaning market. The trailing-12-month median is up 2% from the prior 12 months, computed from record-level Stellar MLS closed sales (8 closings in the current window).

In ZIP 32789 (Winter Park), 111 homes closed in the last 12 months at a median of $627K ($396/sq ft), down 21.6% year over year, with a median 42 days on market. Right now 34 active and 4 pending listings put supply at about 3.7 months - a buyer's market. See the live ZIP 32789 housing market and the Orange County market.

County records show 16 qualified sales in Lake Knowles Terrace across 2024 - 2025 (11 in 2024, 5 in 2025), median $1.21M - the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Lake Knowles Terrace is a community of 126 homes in Winter Park, Orange County, built between 1925 and 2024 (median 1993.5), with a median living area of about 2,519 square feet. 72% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

This is a compact Winter Park enclave of 126 homes with a near-century range of construction, which keeps the character varied house to house. Just over seven in ten homes carry a homestead exemption, signaling an owner-occupied core rather than a rental-heavy block.

• Dommerich Elem · Elementary
• Maitland Middle · Middle
• Winter Park High · High

Zoned schools reflect the assignments reported on recent Lake Knowles Terrace listings and can change; always confirm with Orange County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Lake Knowles Terrace address.

The defining fact here is the build range: homes from the 1920s sit alongside new construction completed as recently as 2024. A buyer should underwrite each property on its own terms - original systems and layouts on the older end, turnkey finishes on the newer end - because the median living area of about 2,519 square feet tells you size, not state. The $554 median per-square-foot number is a useful anchor, but expect real variance tied to vintage and updates.

Supply tells the second half of the story. With months of supply at nine and only three homes active, inventory is thin in absolute terms yet long in duration - a market where buyers can take their time and sellers cannot count on competition. No community amenities were identified from current MLS listings, so value rests on the homes themselves and the Winter Park location rather than shared facilities.

In a low-volume, condition-driven market like this, the margin of error is in the inspection and the comps, not the headline median. We price each house against its vintage and level of updating, not a neighborhood average, and we use the buyer-leaning posture to negotiate on condition and terms. When a home is overpriced for its state, we will say so.