
705 TERRACE BOULEVARD, ORLANDO, FL, 32803
Active38 days on marketListed Jun 26, 2026MLS #O6419732
About this home
705 TERRACE BOULEVARD
Steeped in history and timeless elegance, this exceptional circa 1927 Arts & Crafts residence is beautifully positioned on a terraced lakefront homesite overlooking picturesque Lake Highland in the heart of downtown Orlando. Rich in architectural character, the home showcases original craftsmanship thoughtfully preserved and enhanced through tasteful renovations that seamlessly blend historic charm with modern luxury. Authentic period details include impressive 7-inch moldings, picture rails, original built-ins and cabinetry, beautiful oak and heart pine flooring, and architectural elements that honor the home’s historic significance while creating an inviting atmosphere for contemporary living. Designed across multiple levels, the thoughtfully planned floor plan offers exceptional living and entertaining spaces, all enhanced by breathtaking lake views. The main level features an expansive family room, elegant formal dining room, and a European-inspired kitchen with adjoining lakefront dinette overlooking the water. The lower level is an entertainer’s dream, offering a spacious summer living room, dining area, wet bar, and versatile studio space that opens seamlessly to the outdoor living areas. The upper levels are dedicated to private living quarters with beautifully renovated bathrooms and generously sized bedrooms, including a luxurious primary suite featuring a private sitting area and a spa-inspired bath complete with a classic clawfoot soaking tub perfectly positioned to capture tranquil lake views. Outdoor living is equally extraordinary. A covered lanai with summer kitchen and outdoor dining area overlooks the beautifully terraced backyard featuring bubbling waterfalls, lush tropical landscaping, and multiple gathering spaces. Meandering steps lead to your private lakefront retreat where a lakeside fire pit and expansive waterfront deck create the perfect setting for enjoying spectacular sunsets, entertaining guests, or simply relaxing with a glass of wine while taking in the peaceful surroundings. Enjoy skiing, paddle boarding, or kayaking on private Lake Highland. Completing this one-of-a-kind estate is a detached one-bedroom, one-bath guest house, providing an ideal private retreat for guests, extended family, or a home office. This remarkable residence offers a rare opportunity to own one of downtown Orlando’s most distinctive historic lakefront homes—where timeless architecture, modern comfort, and resort-style outdoor living come together in an unforgettable setting.
Facts & features
The home at a glance
5
Bedrooms
4.5
Bathrooms
4,960
Sqft
0.28 ac
Lot size
1927
Year built
Three Or More
Levels
$522
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$16,872 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$16,872/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Orlando actives
$522 vs $251
Days on market
38 vs 40 typical
Where $522/sqft sits among the 400 Orlando actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Park Lake / Highland
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Orlando. See the full Orlando guide →
Park Lake / Highland — neighborhood snapshot
Population
877
Median age
36
Median income
$129,653
Median home value
$725,000
Avg household
2
Households w/ children
44%
For the school run
Orange County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Orlando market
$400K → $409K
Orlando median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
169 of 400
Orlando actives have cut their price
Median sold price, Orlando, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 476% above the ORLANDO 32803 median. See the full Orlando market guide →
Paper trail
This home's history
Reality check
What actually sold near 705 TERRACE BOULEVARD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$872,000
719 E MARKS STREET · same community
4 bd · 3 ba · 2,521 sqft · $346/sqft · 4 DOM
Sold · Sep ’25$1,200,000
809 E RIDGEWOOD STREET
5 bd · 4.5 ba · 4,408 sqft · $272/sqft · 415 DOM
Sold · Jan ’26$1,800,000
1830 PARK LAKE STREET
5 bd · 4.5 ba · 4,254 sqft · $423/sqft · 26 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Chad Creech
President, Commercial and Development Services · CENTURY 21 Edge
Tours, negotiation, and every question about 705 TERRACE BOULEVARD — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 705 TERRACE BOULEVARD — before you fall in love.
See it in person
Schedule a tour
Live availability from Chad's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
705 TERRACE BOULEVARD FAQs
What would the monthly payment be for 705 TERRACE BOULEVARD?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $16,872/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 705 TERRACE BOULEVARD?+
The most recent tax bill on record (2025) was $21,185. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Orlando?+
At $2,590,000, this home is listed about 556% above the Orlando median of $394,900. The market section on this page shows how the area is trending.
Which schools are assigned to 705 TERRACE BOULEVARD?+
Audubon Park School (elementary), Edgewater High (high) — Orange County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$2,590,000 runs 476% above the ORLANDO 32803 median — but at 4,960 sqft it's also nearly 3 times the size of the typical Orlando listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong assigned schools
Audubon Park School, Edgewater High — Audubon Park School rates 5 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $2,695,000, now $2,590,000 — a $105K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of FANNIE HILLMAN & ASSOCIATES · Mary Ann Lahey. MLS #O6419732.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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