Magellan Cove
Homes for Sale in Orlando, FL
All 4,060 homes for sale in ORLANDO, FL · median $384,945 · 61 homes for sale in 32818 · Orange County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 16 closed sales in Magellan Cove in Orlando, FL since 2005, the most recent in April 2026. 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).
Magellan Cove is a small, single-phase community of 38 homes built out in 1990 and 1991, and the current MLS picture reflects that scale: zero active listings and only one closing in the most recent window. There simply isn't enough turnover here to lean on a trailing median price with any confidence right now - pricing has to be built from direct, recent comps rather than a broad statistical spread.
What the data does say clearly is that this is a low-turnover pocket. A homestead share above three-quarters points to a base of owners who stay put rather than a community cycling through investor or rental turnover. For a buyer, that means patience and a willingness to move when something does list. For a seller, thin competition can work in your favor, but it also means there's no crowd of comps to justify a number - you price it on the merits of the specific house.
Nearby homes for sale
No active listings inside Magellan Cove 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.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Built out entirely across 1990 and 1991, Magellan Cove is a compact, single-era community in Orlando with a typical home landing around 1,520 square feet - a scale and vintage that reads as a settled, established pocket rather than an actively churning one.
Stellar MLS sales records identify 22 homes in Magellan Cove that have changed hands since 2004, built between 1990 and 1991 (median 1991), with a median living area of about 1,520 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.
Who Magellan Cove is best for.
Best for
- A buyer set on a specific, modestly sized home from the early-1990s Orlando housing stock.
- Someone comfortable waiting for the right listing in a community that rarely turns over.
- A buyer who wants a stable, low-amenity setting and is evaluating the house and lot on their own merits.
Probably not for
- A buyer who wants to choose from multiple active listings right now.
- Someone shopping specifically for a community with a clubhouse, pool, or other shared recreational amenities.
- A buyer relying on a broad recent-sales trend line to set price expectations.
The market around Magellan Cove
Magellan Cove is too small for its own price trend, so here is the market around it.
In ZIP 32818, 148 homes are on the market and 32% are under contract — a fast-moving corner of Orlando.
Across Orange County, 5,909 homes are active and 1,877 pending (24% under contract).
In ZIP 32818 (ORLANDO), 332 homes closed in the last 12 months at a median of $336K ($203/sq ft), up 1.1% year over year, with a median 29 days on market. Right now 29 active and 20 pending listings put supply at about 3.2 months - a healthy market. See the live ZIP 32818 housing market and the Orange County market.
ZIP and county figures describe the wider market, not Magellan Cove specifically. Momentum Research analysis of MLS records.
Recent Developments in Magellan Cove
Development, infrastructure, retail, and school activity affecting Magellan Cove, 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 12 miles southeast of Magellan Cove, 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 project is about 7 miles southeast of Magellan Cove, elsewhere in Orange County.
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 site is less than a mile east of Magellan Cove.
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 6 miles east of Magellan Cove, 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 6 miles east of Magellan Cove, elsewhere in Orange County.
Source: Florida YIMBY - October 2025Retail & Dining
New Apopka complex with restaurants and offices set to open in 2026
A new commercial complex in Apopka with restaurants and office space is set to open in 2026, adding retail and workplace space in northwest metro Orlando.
What it may mean for the marketNew retail and office space in Apopka adds everyday conveniences and local jobs, amenity and employment factors that can support nearby housing demand. The project is about 9 miles north of Magellan Cove, elsewhere in Orange County.
Source: GrowthSpotter
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 the Orlando Metro.
The Magellan Cove buying strategy.
If we were buying in Magellan Cove 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 Magellan Cove.
One build era, one size range
With every home dated to 1990 or 1991, Magellan Cove doesn't have the layered mix of eras you find in larger, phased communities - construction methods, floor plans, and original finishes track closely across the 38 homes. That consistency simplifies comparison shopping once a listing does appear: you're largely comparing like to like rather than adjusting for decades of difference.
There's no clubhouse, pool, or other shared amenity identified in current MLS records for this community. That doesn't mean the location lacks value - it means the draw here is the home and its setting in Orlando, not a shared recreational package. Buyers should evaluate the property and lot on their own terms rather than expecting an amenity-driven premium.
The location and the amenities are priced into every listing in Magellan Cove. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A community this thin on active inventory rewards local, current knowledge over generic market reports. We track Magellan Cove closings as they happen, not on a quarterly lag, so when something does list - or when an off-market opportunity surfaces - you're working from a real read on recent activity rather than a stale average.
Magellan Cove in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a Magellan Cove 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 Magellan Cove sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magellan Cove, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Magellan Cove home worth?
Get a no-obligation home value based on real comparable sales in Magellan Cove, 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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Should you buy in Magellan Cove?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 14, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2005 (16 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 local comps.
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See how Magellan Cove fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Magellan Cove
Where is Magellan Cove?
Magellan Cove is a community in ORLANDO, Orange County, Florida, ZIP 32818.
Are there homes for sale in Magellan Cove right now?
No active listings inside Magellan Cove at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Magellan Cove have an HOA or CDD?
No HOA is on record for Magellan Cove 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 Magellan Cove with Momentum Realty’s local guides.
MAGELLAN COVE Market Scorecard
MAGELLAN COVE is currently a no active listings market. Limited supply, a median asking price of n/a.
Typical home value in the 32818 ZIP is $343,190, about 14.2% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Stellar MLS, distributed by MLS GRID, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.