WATERFALL COVE AT WINTER PARK in WINTER PARK

WATERFALL COVE AT WINTER PARK
Homes for Sale in WINTER PARK, FL

Community in WINTER PARK · Orange County · ZIP 32789
161 homesBuilt 1966–2001
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Built fromLive Stellar MLS data11 years of closingsFL DOR public recordsUpdated twice daily
Live · WATERFALL COVE AT WINTER PARK Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
0%
Under contract
Orange: 26% (2,054 of 7,927)
1 · 0
For sale · pending
live counts, refreshed twice daily
Ownership and context
10%
Owner-occupied · WATERFALL COVE AT WINTER PARK
16 of 161 parcels homesteaded (FL DOR 2025)
90%
Non-owner-occupied · WATERFALL COVE AT WINTER PARK
incl. 40% trust or LLC-held · 100% out-of-state
161
Homes in the community
161 residential parcels (FL DOR 2025)
Track record · 11 years of records
Est. 1966
Community established
homes built 1966-2001, median 1966 (FL DOR 2025)
0
Failed listings · 2010
peaked at 1 in 2007
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Waterfall Cove is a small, older Winter Park community — 161 homes built mostly around 1966, with construction stretching out to 2001 for a handful of later units. The median living area sits at just 881 square feet, which tells you this is a compact-unit product, not a family-sized floor plan community. With only one active listing against 161 total homes, there is essentially no visible inventory right now, so pricing signals are thin and any single listing carries outsized weight in reading the market.

What stands out structurally is the homestead share of just under 10 percent, meaning the large majority of units here are not claimed as a primary residence — a strong indicator this community leans investment and rental rather than owner-occupied. Combined with buyer approval requirements and deed restrictions, that shapes who can transact and how quickly. A seller here should expect a smaller, more particular buyer pool; a buyer should expect the HOA approval step to be part of the timeline, not an afterthought.

The 60-Second Overview

Waterfall Cove is a compact 1966-era community in Winter Park with a small footprint per unit and a buyer-approval process layered on top of standard deed restrictions — factors that matter more here than square footage or curb appeal alone.

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

  • Investors comfortable with HOA-managed rental communities and buyer approval steps
  • Buyers seeking a compact, lower-maintenance unit rather than a full-sized home
  • Buyers who plan ahead for thin inventory and are willing to move quickly when a listing appears

Probably not for

  • Buyers who need significant square footage for daily living
  • Buyers who want to avoid HOA buyer-approval processes or deed restrictions
  • Buyers expecting a deep, browsable inventory of comparable listings to shop against

The market around WATERFALL COVE AT WINTER PARK

WATERFALL COVE AT WINTER PARK is a small community — 2 recorded sales on file, most recently in 2010 — too few for its own price trend. Here is the market around it.

In ZIP 32789, 243 homes are on the market and 28% are under contract — a steady corner of WINTER PARK.

Across Orange County, 5,873 homes are active and 2,054 pending (26% under contract).

Homes here are condominium.

ZIP and county figures describe the wider market, not WATERFALL COVE AT WINTER PARK specifically. Momentum Research analysis of MLS records.

Housing distress & ownership in WATERFALL COVE AT WINTER PARK, WINTER PARK

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 12 listings
Distress share trend — 0.0% now (2026-08-12 → 2026-08-24)

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 August 2026 through August 2026. Deemed reliable but not guaranteed.

Homes For Sale Right Now in WATERFALL COVE AT WINTER PARK

Live MLS inventory for WATERFALL COVE AT WINTER PARK. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending WATERFALL COVE AT WINTER PARK listings as of 2026-08-23, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2015 through 2024. Tap any home to ask about it.

Community amenities as reported across Stellar MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.

If we were buying in WATERFALL COVE AT WINTER PARK 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 WATERFALL COVE AT WINTER PARK.

Best Buy
Buyers or investors comfortable with a smaller-footprint unit and an HOA approval step.
Biggest Risk
Very thin inventory and a majority non-owner-occupied base make timing and resale comparables harder to predict.
Sweet Spot
A buyer targeting a compact, lower-maintenance unit rather than a full-sized primary residence.
Avoid If
You need a larger living area or want to avoid a buyer-approval and deed-restriction process.

A small-footprint, investor-leaning community

At a median of 881 square feet, Waterfall Cove's homes are built for efficiency, not sprawl. The construction span from 1966 to 2001 means most of the stock is original-era, with a smaller number of later-built units mixed in — worth confirming unit by unit, since age and finish level can vary significantly across a community this old.

The homestead share under 10 percent is the number that should reframe how you approach this community. It points to a majority non-owner-occupied ownership base, which typically means more rental activity, more turnover tied to investment decisions rather than personal moves, and an HOA that has responded with buyer approval requirements to manage who comes in. Deed restrictions, a pool, and a playground round out the amenity package — modest, functional, and consistent with a smaller-unit community rather than a resort-style one.

The location and the amenities are priced into every listing in WATERFALL COVE AT WINTER PARK. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

With only one active listing across 161 homes, this is not a community where you browse a normal inventory — you need someone tracking it closely enough to catch a listing the moment it surfaces, and who understands the buyer approval process well enough to keep a contract from stalling in HOA review. We also pull the deed restriction and rental-history context so you know what you are actually buying into, given the low owner-occupancy signal.

WATERFALL COVE AT WINTER PARK in 15 seconds.

Best forBuyers or investors comfortable with a smaller-footprint unit and an HOA approval step.
Biggest advantageEstablished Winter Park location with basic amenities already in place — pool and playground.
Biggest riskVery thin inventory and a majority non-owner-occupied base make timing and resale comparables harder to predict.
Sweet spotA buyer targeting a compact, lower-maintenance unit rather than a full-sized primary residence.
Avoid ifYou need a larger living area or want to avoid a buyer-approval and deed-restriction process.

HOA, CDD & Fees

In short
  • Mandatory HOA. Confirm current dues
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed WATERFALL COVE AT WINTER PARK sales matched to your home.

What is your WATERFALL COVE AT WINTER PARK home worth?

Get a no-obligation home value based on real comparable sales in WATERFALL COVE AT WINTER PARK, 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.

WATERFALL COVE AT WINTER PARK Market Scorecard

Thin data

WATERFALL COVE AT WINTER PARK is currently a thin data market. Limited supply, a median asking price of $205,000, and homes go under contract in about 415 days.

n/a
Months supply
$205,000
Median list
n/a
Median sold
$178
Per sqft
415
Days on mkt
1/0/0
Active/Pend/Sold

Go deeper: 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.

Frequently Asked Questions

How many homes are in WATERFALL COVE AT WINTER PARK?
The Florida DOR 2025 assessment roll shows 161 homes in WATERFALL COVE AT WINTER PARK (public records).
What share of WATERFALL COVE AT WINTER PARK is owner-occupied?
10% of WATERFALL COVE AT WINTER PARK parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in WATERFALL COVE AT WINTER PARK built?
Homes in WATERFALL COVE AT WINTER PARK were built between 1966 and 2001, with a median year built of 1966 (FL DOR 2025 roll).
Who is the best real estate agent for WATERFALL COVE AT WINTER PARK?
The best agent for WATERFALL COVE AT WINTER PARK is one who actively works WINTER PARK and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for WATERFALL COVE AT WINTER PARK.
How do I find a top WINTER PARK real estate agent who knows WATERFALL COVE AT WINTER PARK?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows WATERFALL COVE AT WINTER PARK and the wider WINTER PARK area.
Can Momentum Realty connect me with an agent for WATERFALL COVE AT WINTER PARK?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your WATERFALL COVE AT WINTER PARK purchase or sale - no call center and no pressure.
Investors comfortable with HOA-managed rental communities and buyer approval stepsExcellent fit
Buyers seeking a compact, lower-maintenance unit rather than a full-sized homeExcellent fit
Buyers who plan ahead for thin inventory and are willing to move quickly when a listing appearsExcellent fit
Buyers who need significant square footage for daily livingProbably not
Buyers who want to avoid HOA buyer-approval processes or deed restrictionsProbably not
Buyers expecting a deep, browsable inventory of comparable listings to shop againstProbably not

Nearby Communities

Explore more neighborhoods near WATERFALL COVE AT WINTER PARK with Momentum Realty’s local guides.

Waterfall Cove Winter Park Winter Park0.0 mi awayWaterfall Cove Winter Park0.0 mi awayMondrian Winder Park Twnhms Winter Park0.1 mi awayLords Sub Winter Park0.1 mi awayLake Killarney Shores Winter Park0.2 mi awayLake Bell Terrace Winter Park0.3 mi awayHamlet At Maitland Maitland0.4 mi awayChateaux Du Lac Winter Park0.5 mi away

Browse all Florida neighborhood guides →

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: August 2, 2026)
Housing stock & ownershipFlorida DOR 2025 assessment roll (community parcel extract)
Under-contract sharesStellar MLS records, as of 2026-08-01
Historical depthClosed-sale records back to 2015 (2 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.

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