Lake Margaret Hills
Homes for Sale in Orlando, FL

All 4,060 homes for sale in Orlando, FL · median $384,945 · 105 homes for sale in 32806 · Orange County homes for sale

Community in Orlando · Orange County · ZIP 32806
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Built fromLive Stellar MLS data11 years of closingsUpdated twice daily

As of September 2026, the MLS records 8 closed sales in Lake Margaret Hills in Orlando, FL since 2015, the most recent in August 2025. Across Orlando as a whole, 5,915 homes closed in the last 12 months at a median of $412,500, 41 median days on market, with 1,608 homes for sale today. At that median and Orange County's FY2025-26 rate of 16.67 mills, annual property tax runs about $6,880 ($6,210 with the full homestead exemption).

Jon Brooks, founder of Momentum Realty
Jon's Current Read

Lake Margaret Hills is an older Orlando pocket — the median home dates to 1961, though the range stretches from 1925 up to 2021, so buyers are looking at a genuine mix of vintage construction and newer infill or rebuilds sitting on the same streets. That spread is the single biggest driver of value here: two homes a block apart can carry very different price stories depending on whether the structure has been updated or left largely original.

With 137 homes total and a 73% homestead share, most of this inventory is owner-occupied rather than churned through as rental or investment stock, which tends to mean slower turnover and fewer listings at any given time. Combined with only a single month of closings in the current snapshot, pricing here should be read as directional, not definitive — a buyer or seller needs a line-by-line comparison of condition and square footage rather than a neighborhood-wide number.

Nearby homes for sale

No active listings inside Lake Margaret Hills 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.

3152 S BUMBY AVENUE #C3
$189K · 0.2 mi away
2 bd · 1 ba · 709 sqft
3152 S BUMBY AVENUE #C3
Listed by DON ASHER & ASSOCIATES, INC.
2266 RAEFORD ROAD #A6
$165K · 0.2 mi away
2 bd · 1 ba · 677 sqft
2266 RAEFORD ROAD #A6
Listed by LPT REALTY, LLC
3120 PEEL AVENUE
$600K · 0.2 mi away
7 bd · 4 ba · 2,866 sqft
3120 PEEL AVENUE
Listed by LPT REALTY, LLC
2829 LAKE MARGARET DRIVE
$400K · 0.3 mi away
3 bd · 2 ba · 1,247 sqft
2829 LAKE MARGARET DRIVE
Listed by COMPASS FLORIDA LLC
3318 FLORENE DRIVE
$440K · 0.3 mi away
3 bd · 2 ba · 1,736 sqft
3318 FLORENE DRIVE
Listed by ALL REAL ESTATE & INVESTMENTS
2721 RAEFORD ROAD
$450K · 0.3 mi away
4 bd · 2 ba · 1,670 sqft
2721 RAEFORD ROAD
Listed by LPT REALTY, LLC

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

The 60-Second Overview

Lake Margaret Hills is a small, established Orlando neighborhood of 137 homes built across nearly a century, with the typical property dating to 1961 and running about 1,580 square feet — a profile that favors renovation-minded buyers over anyone shopping for new construction.

Stellar MLS sales records identify 6 homes in Lake Margaret Hills that have changed hands since 2016, built between 1980 and 1980 (median 1980), with a median living area of about 1,662 sq ft and a typical 3-bedroom, 2-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.

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.

Best for

  • Buyers looking for an established Orlando location and willing to evaluate each home's updates individually rather than assume neighborhood-wide condition.
  • Renovation-minded buyers comfortable with older systems and structures dating as far back as 1925.
  • Buyers who want a smaller-footprint home (around 1,580 square feet) without a homeowners association amenity package attached.

Probably not for

  • Buyers who want new or near-new construction as the baseline, given the median build year of 1961.
  • Buyers who expect a clubhouse, pool, or other shared community amenities — none are identified here.
  • Buyers who want to price purely off a neighborhood median without inspecting individual condition, given how wide the build-year range runs.

The market around Lake Margaret Hills

Lake Margaret Hills is too small for its own price trend, so here is the market around it.

In ZIP 32806, 182 homes are on the market and 29% are under contract — a steady corner of Orlando.

Across Orange County, 5,909 homes are active and 1,877 pending (24% under contract).

In ZIP 32806 (Orlando), 258 homes closed in the last 12 months at a median of $463K ($295/sq ft), down 1.5% year over year, with a median 32 days on market. Right now 45 active and 21 pending listings put supply at about 3.8 months — a healthy market. See the live ZIP 32806 housing market and the Orange County market.

ZIP and county figures describe the wider market, not Lake Margaret Hills specifically. Momentum Research analysis of MLS records.

Lake Margaret Hills by the numbers

From county property records and closed MLS sales for the Lake Margaret Hills subdivision: 6 homes on record; built 1980; typical size about 1,647 heated sq ft; 3 bedrooms is the median. Housing mix: single-family 100%.

YearRecorded salesMedian price
20161$262,500
20171$204,000
20231$497,000
20242$472,500
20251$475,000

Newest recorded sale: $475,000 on 2025-08-08.

Recorded data as of 2026-09-12; counts cover addresses tagged to this subdivision in the public record, not every parcel. Not an appraisal.

If we were buying in Lake Margaret Hills today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Lake Margaret Hills.

Best Buy
Buyers comfortable evaluating condition home-by-home rather than relying on a uniform build era.
Biggest Risk
With only a single month of closings in view and a century-wide build range, pricing signals here should be treated as directional, not fixed.
Sweet Spot
Homes near the median size and vintage — roughly 1,580 square feet, built around the early 1960s — tend to represent the neighborhood's baseline product.
Avoid If
You want a packaged amenity community with a clubhouse, pool, or HOA-run recreation.

An older, owner-held pocket with no amenity package

The 1925–2021 build range means this is not a single-era subdivision — it's a layered neighborhood where mid-century houses sit near later additions and occasional modern builds. At 1,580 square feet median, the homes lean toward a modest, efficient footprint rather than sprawling floor plans, which keeps maintenance and updating costs more contained even where a home hasn't been touched in decades.

Current MLS listings show no identified community amenities — no clubhouse, pool, or shared recreation package tied to these homes. That's a structural fact buyers should plan around: whatever lifestyle draw exists here is about the individual property and its location, not a shared amenity system. The 73% homestead share also points to a market where most owners have filed for homestead status, meaning fewer of these properties cycle as short-term rentals or flips relative to a typical high-turnover subdivision.

The location and the amenities are priced into every listing in Lake Margaret Hills. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a neighborhood spanning nearly a century of construction with no amenity package to lean on, the work is in the details — knowing which blocks have seen renovation, which homes are original systems, and how a 1,580-square-foot median compares to what's actually on the market at any given time. We walk that comparison with you rather than pricing off a single neighborhood-wide figure.

Lake Margaret Hills in 15 seconds.

Best forBuyers comfortable evaluating condition home-by-home rather than relying on a uniform build era.
Biggest advantageA largely owner-held market with limited turnover, which can mean less competition from investor-driven listings.
Biggest riskWith only a single month of closings in view and a century-wide build range, pricing signals here should be treated as directional, not fixed.
Sweet spotHomes near the median size and vintage — roughly 1,580 square feet, built around the early 1960s — tend to represent the neighborhood's baseline product.
Avoid ifYou want a packaged amenity community with a clubhouse, pool, or HOA-run recreation.

HOA, CDD & Fees

In short
  • HOA status not on record. Verify any dues before you offer
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Lake Margaret Hills sales matched to your home.

What is your Lake Margaret Hills home worth?

Get a no-obligation home value based on real comparable sales in Lake Margaret Hills, 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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Real comps, not an automated estimate.
Buyers looking for an established Orlando location and willing to evaluate each home's updates individually rather than assume neighborhood-wide condition.Excellent fit
Renovation-minded buyers comfortable with older systems and structures dating as far back as 1925.Excellent fit
Buyers who want a smaller-footprint home (around 1,580 square feet) without a homeowners association amenity package attached.Excellent fit
Buyers who want new or near-new construction as the baseline, given the median build year of 1961.Probably not
Buyers who expect a clubhouse, pool, or other shared community amenities — none are identified here.Probably not
Buyers who want to price purely off a neighborhood median without inspecting individual condition, given how wide the build-year range runs.Probably not

Data sources & freshness

Under-contract sharesStellar MLS records, as of 2026-09-08
Historical depthClosed-sale records back to 2015 (8 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 local comps.

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Common questions about Lake Margaret Hills

Where is Lake Margaret Hills?

Lake Margaret Hills is a community in Orlando, Orange County, Florida, ZIP 32806.

How many homes are in Lake Margaret Hills?

County property records list 6 homes in Lake Margaret Hills, built between 1980 and 1980; the typical home is about 1,647 heated square feet.

What do homes in Lake Margaret Hills sell for?

Lake Margaret Hills has no MLS sales in the last 12 months. The most recent year with recorded sales on file is 2025 (1 sale, median $475,000). For context, ZIP 32806 has 182 homes on the market with 29% under contract.

Are there homes for sale in Lake Margaret Hills right now?

No active listings inside Lake Margaret Hills at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.

Does Lake Margaret Hills have an HOA or CDD?

No HOA is on record for Lake Margaret Hills in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.

Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.

Nearby Communities

Explore more neighborhoods near Lake Margaret Hills with Momentum Realty’s local guides.

STScottsmoor Terrace0.1 mi awayBHBumby Heights0.1 mi awayHHHarvey Heights0.2 mi awayCPCoco Plum Villas0.2 mi away · median $178K, 3 sales/12 moCBConway Boone0.2 mi awayGlass Gardens0.3 mi away · median $371K, 6 sales/12 moLMLewis Manor0.3 mi awayPelham Park0.3 mi away · 1 for sale

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