Magnolia Terrace
Homes for Sale in Montverde, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 40 closed sales in Magnolia Terrace in Montverde, FL since 2004, the most recent in October 2025. Recorded prices since 2024 ran from $660,000 to $825,000 (median $787,500), on homes of 2,720 to 3,498 sq ft. Across Montverde as a whole, 67 homes closed in the last 12 months at a median of $650,000, 50 median days on market, with 17 homes for sale today. At that median and Lake County's FY2025-26 rate of 16.65 mills, annual property tax runs about $13,110 ($12,440 with the full homestead exemption).
Magnolia Terrace is a small, established pocket in Montverde — 62 homes built between 2000 and 2022, with the bulk of the construction landing early in that span (median year built 2002). What sets price here is condition and updating, not vintage or location alone. With a median living area near 2,800 square feet, these are substantial homes, and the spread between an original-condition 2002 build and a renovated or later one is where the negotiation actually happens.
There were no closings in the current window, so there is no fresh comparable to anchor a number to. That cuts both ways: sellers can't point to a recent sale to justify an ask, and buyers can't lean on one to press for a discount. Pricing here is a condition-and-comparable exercise, not a follow-the-last-trade market. Expect to do the work of building the case from the home itself.
The 60-Second Overview
This is a compact, owner-occupied enclave — homestead exemption covers roughly 87% of the homes — of larger single-family houses in a quiet corner of Lake County. Turnover is light, which means when something does list, it carries weight.
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 Magnolia Terrace is best for.
Best for
- Buyers seeking substantial square footage (near 2,800 sq ft) who value a quiet, established setting over new-build sheen
- Long-hold buyers comfortable in a low-turnover neighborhood who aren't planning to flip
- Buyers willing to budget for the maintenance realities of an early-2000s home in exchange for the right house
Probably not for
- Buyers who need to close quickly and can't wait for scarce inventory to come available
- Anyone wanting a wide selection or a fresh string of comparable sales to price against
- Buyers set on newer construction only, given most homes here date to the early 2000s
The market around Magnolia Terrace
Magnolia Terrace is a small community — 44 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.
In ZIP 34756, 128 homes are on the market and 21% are under contract — a steady corner of Montverde.
Across Lake County, 3,224 homes are active and 1,105 pending (26% under contract).
Homes here are single family residence.
ZIP and county figures describe the wider market, not Magnolia Terrace specifically. Momentum Research analysis of MLS records.
The Magnolia Terrace buying strategy.
If we were buying in Magnolia Terrace 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 Magnolia Terrace.
A settled street, not a churn market
At 62 homes with an owner-occupancy share near 87%, Magnolia Terrace behaves like a long-hold community rather than a trading one. That's why the closings window is empty — inventory doesn't move often. For a buyer, that means patience: you may wait for the right home rather than choosing from several at once. For a seller, it means your listing isn't competing against a crowd, but it also isn't being validated by recent neighbor sales.
The homes themselves are the story. A median build year of 2002 against a range that runs to 2022 tells you this is mostly an early-2000s neighborhood with newer construction mixed in. At a median around 2,796 square feet, floor plans skew large. Buyers should underwrite for the realities of a two-decade-old house — roof, systems, and finishes age on a schedule — and price accordingly. The newer end of the range will command a premium for exactly those reasons.
The location and the amenities are priced into every listing in Magnolia Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
With no recent closings to anchor value, this is a market where pricing gets argued from the home up — condition, square footage, and build year against a thin set of comparables. That's precisely the work we do well: building a defensible number when the easy answer isn't on the table, and telling you honestly when a home's condition doesn't support the ask.
Magnolia Terrace 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 Magnolia Terrace 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 Magnolia Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magnolia Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Magnolia Terrace home worth?
Get a no-obligation home value based on real comparable sales in Magnolia Terrace, 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 Magnolia Terrace on the map →
Frequently Asked Questions
How many homes are in Magnolia Terrace?
What share of Magnolia Terrace is owner-occupied?
When were the homes in Magnolia Terrace built?
Do cash buyers compete in Magnolia Terrace?
Who is the best real estate agent for Magnolia Terrace?
How do I find a top Montverde real estate agent who knows Magnolia Terrace?
Can Momentum Realty connect me with an agent for Magnolia Terrace?
Should you buy in Magnolia Terrace?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 34711/34756)) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2004 (40 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.
More Montverde & Lake County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Lake County or the full Neighborhood Finder.
See how MAGNOLIA TERRACE PH 01 fits the bigger picture — live prices, inventory, and Momentum Scores: