Magnolia Terrace
Homes for Sale in Montverde, FL
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-12, 3 recorded sales closed at a median of $719,000, $268 per square foot, a median 17 days on market, sellers accepting 98% of original asking. At the median price and Lake County's FY2025-26 rate of 16.65 mills, annual property tax runs about $11,970 ($11,300 with the full homestead exemption).
Magnolia Terrace Ph I is a small pocket of 169 homes in Montverde with a wide construction span, from 1920 through 2022, but the median build year of 2002 tells you most of the stock clustered in the early 2000s. That mix means condition and updates, not just square footage, will do most of the work in setting value here. A 1920s home and a 2022 home sitting on the same street are not comparable products even if the tax roll treats them similarly.
With only one closing recorded in the current window, this is a thin market to read. That is not a red flag on its own in a small enclave like this, but it does mean pricing conclusions should lean on the broader Montverde and Lake County comps rather than on Magnolia Terrace transactions alone. Anyone pricing a listing or writing an offer here should treat the neighborhood data as directional, not definitive.
The 60-Second Overview
Magnolia Terrace market snapshot (as of September 12, 2026): the median sale price is about $719K ($268 per sq ft over the trailing 12 months of closed sales), and a median 17 days on market for closed sales.
Magnolia Terrace Ph I sits in Montverde, Lake County, with a median living area of 2,692 square feet and a homestead share of 79.4%, indicating most homes here are owner-occupied primary residences rather than investment or seasonal holdings.
Who Magnolia Terrace is best for.
Best for
- Buyers who want a larger single-family home and are comfortable evaluating condition property-by-property rather than by neighborhood averages.
- Buyers planning to occupy the home as a primary residence, consistent with the area's high homestead share.
- Buyers who don't need on-site community amenities and are focused on the home and lot itself.
Probably not for
- Buyers who want a community built around shared amenities like a pool, clubhouse, or organized recreation.
- Buyers who want to lean heavily on recent local sales data before setting a price, given the thin closing volume here.
- Buyers seeking a uniform housing stock with consistent construction era and systems age across the neighborhood.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($719K) IS the median in the snapshot above.
Windows contain 0 to 7 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2004 through 2026. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Lake County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Lake County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
21% of homes for sale in ZIP 34756 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-08).
Housing distress & ownership in magnolia terrace ph i, Montverde
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 September 2026 through September 2026. Deemed reliable but not guaranteed.
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 wide build range on a small footprint
The defining fact about this community is its build-year spread: homes here date from 1920 to 2022, with a median of 2002. That century-plus range is unusual for a single named community and means buyers need to look past the neighborhood label and evaluate each property on its own construction era, systems age, and renovation history. A home built in the 1920s carries a different maintenance and inspection conversation than one built in 2022, even if both carry the same address.
No community amenities were identified from current MLS listings, so this reads as a residential footprint rather than an amenity-driven development. At a median 2,692 square feet, the homes lean toward larger single-family layouts, which fits Montverde's broader pattern of spacious lots rather than dense, amenity-packed subdivisions.
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 only one closing in the current window, Magnolia Terrace Ph I is not a community where you can rely on a quick automated pull or a handful of recent sales. We cross-reference the wider Montverde and Lake County market to build a defensible price opinion, and we walk each home's build era and condition into that analysis rather than treating the neighborhood as a single uniform product.
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.
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Frequently Asked Questions
What is the median home price in Magnolia Terrace?
How long do homes in Magnolia Terrace take to sell?
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
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2004 (42 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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