LAKE WAYMAN HEIGHTS
Homes for Sale in LONGWOOD, FL
True comps, carrying-cost math, and listings before the portals.
Lake Wayman Heights sits in a build cycle that spans nearly a century, from 1930 to 2024, with a median year built of 1972. That spread matters more than any single stat here: pricing in this community is driven almost entirely by condition and update level rather than location within the neighborhood. Two homes on the same street can sit worlds apart in ask once you account for renovation history.
With only 3 active listings against 577 total homes and a 36-month supply figure, this is a market defined by scarcity of current offerings but very slow absorption when measured against recent closing activity. That combination reads buyer-leaning on paper, but in practice it means buyers have very few live choices at any given moment, and sellers who do list should expect a longer runway to close rather than a fast turnaround.
LAKE WAYMAN HEIGHTS right now
🟢 Buyer-leaning market. 12.0 months of supply and 67% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Stellar MLS records, as of August 2, 2026. Confidence: Low (3 active and pending listings, 1 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated August 2, 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
Lake Wayman Heights is a long-established Longwood pocket where most homes were built well before recent construction cycles, and a homestead share of 57.6% points to a base of longer-term ownership rather than frequent turnover.
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.
The setting & the homes.
Aerial and on-site photos of LAKE WAYMAN HEIGHTS. Swipe to explore the community.
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LAKE WAYMAN HEIGHTSWho LAKE WAYMAN HEIGHTS is best for.
Best for
- Buyers who want an established Longwood lot and are prepared to evaluate each home's condition individually given the wide build-year range.
- Buyers with a long resale horizon who are not concerned about a fast future turnaround given the current supply level.
- Buyers focused on a smaller, more efficient floor plan near the 1,427 sq ft median rather than a larger footprint.
Probably not for
- Buyers who want on-site community amenities as part of the package, since none are currently identified in this community.
- Buyers expecting a wide field of active listings to compare, given only 3 are currently on the market.
- Sellers or buyers who need a quick transaction timeline, given the 36-month supply reading.
The market around LAKE WAYMAN HEIGHTS
LAKE WAYMAN HEIGHTS is a small community — 93 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.
In ZIP 32750, 105 homes are on the market and 32% are under contract — a fast-moving corner of LONGWOOD.
Across Seminole County, 1,574 homes are active and 662 pending (30% under contract).
The housing mix here is 91% single family residence, 9% half duplex.
ZIP and county figures describe the wider market, not LAKE WAYMAN HEIGHTS specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in LAKE WAYMAN HEIGHTS, LONGWOOD
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 August 2026 through August 2026. Deemed reliable but not guaranteed.
Homes For Sale Right Now in LAKE WAYMAN HEIGHTS
Live MLS inventory for LAKE WAYMAN HEIGHTS. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 67 daysTop listing
Pending · 28 days
Pending · 6 daysActive and pending LAKE WAYMAN HEIGHTS listings as of 2026-08-23, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2006 through 2025. Tap any home to ask about it.
LAKE WAYMAN HEIGHTS on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Seminole County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Longwood Elementary · Elementary
- Milwee Middle · Middle
- Winter Springs High · High
Zoned schools reflect the assignments reported on recent LAKE WAYMAN HEIGHTS listings and can change; always confirm with Seminole County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any LAKE WAYMAN HEIGHTS address.
Recent Developments in Lake Wayman Heights
Development, infrastructure, retail, and school activity affecting Lake Wayman Heights, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Retail & Dining
Seminole Towne Center set for 700 million dollar redevelopment with Costco
Ardent Companies is redeveloping the Seminole Towne Center in Sanford in a project valued around 700 million dollars, described as the largest commercial redevelopment in Seminole County history. Plans include the largest Costco in Central Florida at over 156,000 square feet, about 300 apartments, and new retail. Demolition was scheduled for July 2026 with the Costco expected to open in early 2027.
What it may mean for the marketConverts a long dormant mall site into a mixed use center anchored by a large format Costco, new retail, and about 300 apartments, reshaping a major Seminole County commercial node. The project is about 18 miles north of Lake Wayman Heights, elsewhere in Seminole County.
Source: WFTV - 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 site is less than a mile northwest of Lake Wayman Heights.
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 site is less than a mile southwest of Lake Wayman Heights.
Source: Florida YIMBY
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.
The LAKE WAYMAN HEIGHTS buying strategy.
If we were buying in LAKE WAYMAN HEIGHTS 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 LAKE WAYMAN HEIGHTS.
A Small, Slow-Moving Pocket of Longwood
The math here is straightforward: 577 homes, only 3 currently active, and a months-supply reading of 36 based on the most recent closing window. That is a wide gap between total housing stock and what actually comes to market, which is consistent with a homestead share above half — a lot of these owners are not selling, and the ones who do list are not competing with a deep bench of comparable inventory.
Median living area sits at 1,427 square feet, on the smaller side for the broader Longwood/Seminole County market, and the year-built spread from 1930 to 2024 with a median of 1972 tells you this is largely a mid-century footprint with some newer infill. No community amenities were identified from current MLS listings, so whatever draws a buyer here is going to be the lot, the structure, or the location itself — not a clubhouse or pool package.
The location and the amenities are priced into every listing in LAKE WAYMAN HEIGHTS. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
With active inventory this thin, timing and access matter more than usual. We track listings the moment they hit the feed, help you underwrite condition against a build range that stretches nearly a century, and make sure an offer accounts for the real absorption pace rather than assumptions carried over from faster-moving communities nearby.
LAKE WAYMAN HEIGHTS 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 LAKE WAYMAN HEIGHTS 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 LAKE WAYMAN HEIGHTS sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in LAKE WAYMAN HEIGHTS, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your LAKE WAYMAN HEIGHTS home worth?
Get a no-obligation home value based on real comparable sales in LAKE WAYMAN HEIGHTS, 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 LAKE WAYMAN HEIGHTS on the map →
LAKE WAYMAN HEIGHTS Market Scorecard
LAKE WAYMAN HEIGHTS is currently a strong buyer's market. About 24.0 months of supply, a median asking price of $379,500, and homes go under contract in about 11 days.
Go deeper: county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
Is LAKE WAYMAN HEIGHTS a buyer's or seller's market right now?
How many homes are in LAKE WAYMAN HEIGHTS?
What share of LAKE WAYMAN HEIGHTS is owner-occupied?
When were the homes in LAKE WAYMAN HEIGHTS built?
Do cash buyers compete in LAKE WAYMAN HEIGHTS?
Who is the best real estate agent for LAKE WAYMAN HEIGHTS?
How do I find a top LONGWOOD real estate agent who knows LAKE WAYMAN HEIGHTS?
Can Momentum Realty connect me with an agent for LAKE WAYMAN HEIGHTS?
Should you buy in LAKE WAYMAN HEIGHTS?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near LAKE WAYMAN HEIGHTS with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: August 2, 2026) |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (11 streets, ZIP 32750/32779)) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2006 (46 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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