Shannon Downs
Homes for Sale in Lake Mary, FL

Shannon Downs is a compact Seminole County community in Lake Mary — 90 homes, a median build year of 1987, and a median footprint around 1,709 square feet, so expect established construction rather than new build.

Stellar MLS sales records identify 18 homes in Shannon Downs that have changed hands since 2010, built between 1979 and 1989 (median 1984), with a median living area of about 3,170 sq ft and a typical 4-bedroom, 3-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.

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

In ZIP 32746, 246 homes are on the market and 30% are under contract — a steady corner of Lake Mary.

Across Seminole County, 1,646 homes are active and 585 pending (26% under contract).

In ZIP 32746 (Lake Mary), 650 homes closed in the last 12 months at a median of $422K ($231/sq ft), up 0.8% year over year, with a median 34 days on market. Right now 75 active and 36 pending listings put supply at about 2.6 months — a healthy market. See the live ZIP 32746 housing market and the Seminole County market.

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

The build range from 1979 to 2015 is wide, but the median year of 1987 anchors this firmly as an established neighborhood. That matters for diligence: original systems, roofs, and finishes are the variables that separate one asking price from another. At a median living area near 1,709 square feet, these are right-sized homes, not sprawling ones, so functional updates carry outsized weight in value.

Because inventory is limited to 90 homes and turnover leans owner-occupied, listings can be sparse and specific. A buyer waiting for the exact updated home may wait; a buyer willing to renovate has more room to negotiate on a dated property. Sellers who have modernized should lean into that in pricing and marketing.

In a small, condition-driven community like Shannon Downs, the price gap between an updated and a dated home is where deals are won or lost. We read each house on its own merits — age of systems, scope of updates, and how it stacks against the handful of comparable resales — so you are not overpaying for cosmetics or underestimating deferred maintenance.

Listings in this community report association dues of about $55 per month ($660 a year) — the median AssociationFee across 3 MLS records, normalised to a monthly figure; most are billed annually. 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.