Northlake/Ovation
Homes for Sale in Winter Garden, FL

Northlake/Ovation market snapshot (as of September 12, 2026): the median sale price is about $788K ($270 per sq ft over the trailing 12 months of closed sales), and a median 24 days on market for closed sales. The trailing-12-month median is down 7% from the prior 12 months, computed from record-level Stellar MLS closed sales (10 closings in the current window).

In ZIP 34787 (Winter Garden), 2,162 homes closed in the last 12 months at a median of $595K ($251/sq ft), down 0.6% year over year, with a median 36 days on market. Right now 357 active and 169 pending listings put supply at about 3.8 months — a balanced market. See the live ZIP 34787 housing market and the Orange County market.

Stellar MLS sales records identify 18 homes in Northlake/Ovation that have changed hands since 2024, built between 2023 and 2026 (median 2024), with a median living area of about 2,224 sq ft and a typical 4-bedroom, 3-bath layout; 78% 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.

This is a small, still-completing new-construction pocket in Winter Garden where nearly everything on the ground is only a year or two old. The story is speed on the front end and a meaningful price reset year over year, so the community rewards buyers and sellers who read the current number, not the memory of it.

With a build range of 2023 to 2024 and a median year built of 2023, Northlake/Ovation Ph 1 is essentially all first-owner inventory. That keeps condition variability low compared with older neighborhoods, but it also means resale comps are thin and can swing sharply on a handful of transactions. The 7-day median days on market confirms that demand exists for the right listing, while the 16.6% year-over-year drop in the median shows the neighborhood is still calibrating from initial pricing toward what buyers will actually pay.

The homestead share sits at about 46%, which means a sizable portion of these homes are not owner-occupied primary residences. In a community this new and this small, that mix is worth watching: it can add both listing supply and rental competition. For a buyer, the practical read is that patience pays — inventory turns fast on well-priced homes but the broader median is moving your way.

In a community this small and this new, comps are scarce and easily distorted by a single sale, and the year-over-year direction matters as much as any list price. We price and negotiate off what is closing right now, not off a builder's original number, and we'll tell you plainly when a listing is chasing a market that has already moved.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.