Phillips Cove
Homes for Sale in Orlando, FL

All 4,060 homes for sale in Orlando, FL · median $384,945 · 77 homes for sale in 32812 · Orange County homes for sale

Community in Orlando · Orange County · ZIP 32812
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Built fromLive Stellar MLS data16 years of closingsUpdated twice daily

Homes listed or recently sold were built 2004–2014; 3 of 3 report an HOA (median $115/mo). As of September 2026, the MLS records 12 closed sales in Phillips Cove in Orlando, FL since 2010, the most recent in January 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).

Live · Phillips Cove Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
0 · 0
For sale · pending
live counts, refreshed twice daily
Jon Brooks, founder of Momentum Realty
Jon's Current Read

What sets price in Phillips Cove is condition and size, not a tidy per-square-foot formula. With homes built across a span from 1985 to 2024 and a median living area north of 3,200 square feet, this is a larger-home community where a mid-1980s original interior and a recently built home can sit on the same street. That mix means the spread in value here is driven by what has been updated, not by a single going rate.

The pace is measured, not frantic. This is a small pool of 55 homes with limited turnover, so a single closing moves the read more than it would in a big subdivision. For sellers, that argues for pricing to condition and being patient; for buyers, it means fewer choices at any given moment and a real premium on the homes that are already renovated.

Nearby homes for sale

No active listings inside Phillips 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.

5157 FORMBY DRIVE
$470K · 0.1 mi away
3 bd · 2.5 ba · 2,072 sqft
5157 FORMBY DRIVE
Listed by BEAR TEAM REAL ESTATE
5165 FORMBY DRIVE
$449K · 0.1 mi away
3 bd · 2 ba · 1,555 sqft
5165 FORMBY DRIVE
Listed by DERENTHAL REALTY
5119 HEATH DRIVE
$345K · 0.2 mi away
3 bd · 2 ba · 1,648 sqft
5119 HEATH DRIVE
Listed by SOUTH CEDAR REAL ESTATE, INC
4562 CONWAY LANDING DRIVE
$435K · 0.3 mi away
3 bd · 2 ba · 1,636 sqft
4562 CONWAY LANDING DRIVE
Listed by EXP REALTY LLC
4627 CANARY STREET
$610K · 0.4 mi away
3 bd · 2.5 ba · 2,305 sqft
4627 CANARY STREET
Listed by KELLER WILLIAMS ELITE REALTY
4518 GASPARILLA AVENUE
$370K · 0.4 mi away
4 bd · 2 ba · 1,486 sqft
4518 GASPARILLA AVENUE
Listed by DON ASHER & ASSOCIATES, INC.

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

The 60-Second Overview

Phillips Cove is a compact Orlando community of 55 larger homes spanning four decades of construction, where the roughly two-thirds owner-occupied share points to a hold-and-live base rather than a heavy rental footprint.

Stellar MLS sales records identify 29 homes in Phillips Cove that have changed hands since 2004, built between 2003 and 2017 (median 2005), with a median living area of about 3,471 sq ft and a typical 4-bedroom, 4-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.

Best for

  • Move-up buyers who need substantial living space and can wait for the right listing
  • Buyers willing to take on an older home and budget for updates in exchange for value
  • Long-hold owners who value a low-turnover, mostly owner-occupied setting

Probably not for

  • Buyers who want a large menu of homes to compare at any moment
  • Anyone needing a smaller, lower-maintenance footprint
  • Buyers who want a single predictable price-per-foot and easy, matching comps

The market around Phillips Cove

Phillips Cove is too small for its own price trend, so here is the market around it.

In ZIP 32812, 152 homes are on the market and 30% are under contract — a steady corner of Orlando.

Across Orange County, 5,909 homes are active and 1,877 pending (24% under contract).

In ZIP 32812 (Orlando), 288 homes closed in the last 12 months at a median of $412K ($239/sq ft), up 2.4% year over year, with a median 36 days on market. Right now 48 active and 30 pending listings put supply at about 3.1 months — a healthy market. See the live ZIP 32812 housing market and the Orange County market.

ZIP and county figures describe the wider market, not Phillips Cove specifically. Momentum Research analysis of MLS records.

Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.

If we were buying in Phillips Cove today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Phillips Cove.

Best Buy
Buyers who want square footage and are comfortable judging homes one at a time.
Biggest Risk
Thin inventory means few options and comps that don't always line up.
Sweet Spot
An already-updated home priced honestly to its condition.
Avoid If
You need quick selection or a predictable per-square-foot price.

A size-first community with a wide age spread

The defining trait here is scale: a median living area above 3,200 square feet puts most of these homes solidly in the move-up category. Pair that with a build range from 1985 to 2024 and a median build year around 2005, and you get a community where architecture, systems, and finish levels vary widely from one address to the next.

That variation is the whole story for pricing. A home closer to the older end of the range may need mechanical and cosmetic work; one built recently will command more for that reason alone. With owner-occupancy running about 64 percent, the community leans toward long-term ownership, which tends to keep well-kept homes off the market longer and makes the ones that do list worth acting on.

The location and the amenities are priced into every listing in Phillips Cove. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a 55-home community with thin turnover and a wide range of ages and conditions, comps are not interchangeable — a nearby closing may tell you very little about the home in front of you. We underwrite each property on its own updates, square footage, and build year rather than leaning on a blunt neighborhood average, and we will tell you plainly when a listing is priced to a renovation it hasn't had.

Phillips Cove in 15 seconds.

Best forBuyers who want square footage and are comfortable judging homes one at a time.
Biggest advantageA small, stable owner-occupied community with larger floor plans.
Biggest riskThin inventory means few options and comps that don't always line up.
Sweet spotAn already-updated home priced honestly to its condition.
Avoid ifYou need quick selection or a predictable per-square-foot price.

HOA, CDD & Fees

In short
  • HOA dues reported around $115/month (about $1,380/yr) · median of 9 MLS listings, most billed monthly
  • Any club/amenity membership is billed separately

Listings in this community report association dues of about $115 per month ($1,380 a year) — the median AssociationFee across 9 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

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

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Phillips Cove sales matched to your home.

What is your Phillips Cove home worth?

Get a no-obligation home value based on real comparable sales in Phillips 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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Real comps, not an automated estimate.
Move-up buyers who need substantial living space and can wait for the right listingExcellent fit
Buyers willing to take on an older home and budget for updates in exchange for valueExcellent fit
Long-hold owners who value a low-turnover, mostly owner-occupied settingExcellent fit
Buyers who want a large menu of homes to compare at any momentProbably not
Anyone needing a smaller, lower-maintenance footprintProbably not
Buyers who want a single predictable price-per-foot and easy, matching compsProbably not

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: September 14, 2026)
Under-contract sharesStellar MLS records, as of 2026-09-08
Historical depthClosed-sale records back to 2010 (12 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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Common questions about Phillips Cove

Where is Phillips Cove?

Phillips Cove is a community in Orlando, Orange County, Florida, ZIP 32812 / 32819.

Are there homes for sale in Phillips Cove right now?

No active listings inside Phillips 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 Phillips Cove have an HOA or CDD?

No HOA is on record for Phillips 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 Phillips Cove with Momentum Realty’s local guides.

WGWood Green0.1 mi away · median $430K, 3 sales/12 moSSouthshire0.2 mi awayGatlin Heights0.2 mi away · median $400K, 5 sales/12 moGatlin Gardens0.2 mi away · median $575K, 5 sales/12 moConway Landings0.3 mi awayCOConway Oaks0.3 mi awayConway Hills0.4 mi away · median $388K, 5 sales/12 moEthans Cove0.4 mi away

Browse all neighborhood guides →

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Phillips Cove Market Scorecard

No active listings

Phillips Cove is currently a no active listings market. Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
$800,000
Median sold
n/a
Per sqft
n/a
Days on mkt
0/0/3
Active/Pend/Sold

Typical home value in the 32812 ZIP is $389,503, about 5.2% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · 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.