503 N SUMMERLIN AVENUE, ORLANDO, FL, 32803
Active253 days on marketListed Nov 25, 2025MLS #O6363010
About this home
503 N SUMMERLIN AVENUE
Rare Gated Compound in Lake Eola Heights. Two Homes, Two Parcels, Endless Possibilities. Located at the corner of E Amelia St and N Summerlin Ave, this exceptional property spans two parcels and features two custom-built homes—perfect for creating a private estate, a live/work setup, or two high-end rentals. Built in 2007 and recognized by the National Preservation and Historic Board, “Cottage Way” includes a 2,300 sq ft Spanish Mediterranean home with soaring ceilings, travertine flooring, a wood-burning fireplace, Sub-Zero appliances, an Otis two-floor elevator, and a beautiful second-floor balcony overlooking the historic neighborhood. The second home is a charming Craftsman-style residence with a welcoming front porch, detailed interior woodwork, a brick fireplace, a spacious 400 sq ft wardrobe room, and a luxurious owner’s suite with a jacuzzi tub, multi-head shower, and built-in bar with wine fridge. A versatile loft adds even more usable space. Whether you’re seeking a luxury compound, creative workspace, or an investment opportunity with strong rental potential, this gated property offers unmatched flexibility in one of Downtown Orlando’s most desirable historic districts. A rare opportunity in Lake Eola Heights, schedule your private showing today.
Facts & features
The home at a glance
5
Bedrooms
3
Bathrooms
4,230
Sqft
0.21 ac
Lot size
2
Garage
2007
Year built
Two
Levels
$354
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.
$10,410 /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
$10,410/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.
vs edgeAI estimate
−1.3%
$/sqft vs Orlando actives
$354 vs $247
Days on market
253 vs 40 typical
Where $354/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 Lake Eola Heights
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Orlando. See the full Orlando guide →
Lake Eola Heights — neighborhood snapshot
Population
1,986
Median age
36
Median income
$118,988
Median home value
$489,194
Avg household
2
Households w/ children
96%
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 → $402K
Orlando median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
167 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 233% above the ORLANDO 32803 median. See the full Orlando market guide →
Paper trail
This home's history
Reality check
What actually sold near 503 N SUMMERLIN AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$1,625,000
824 S OSCEOLA AVENUE
5 bd · 4.5 ba · 4,202 sqft · $387/sqft · 3 DOM
Sold · Dec ’25$2,200,000
1011 LAKE DAVIS DRIVE
4 bd · 4 ba · 4,163 sqft · $528/sqft · 119 DOM
Sold · Sep ’25$1,200,000
809 E RIDGEWOOD STREET
5 bd · 4.5 ba · 4,408 sqft · $272/sqft · 415 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
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 503 N SUMMERLIN AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 503 N SUMMERLIN AVENUE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
503 N SUMMERLIN AVENUE FAQs
What would the monthly payment be for 503 N SUMMERLIN AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $10,410/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 503 N SUMMERLIN AVENUE?+
The most recent tax bill on record (2023) was $19,188. 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 $1,499,000, this home is listed about 284% above the Orlando median of $390,495. The market section on this page shows how the area is trending.
Which schools are assigned to 503 N SUMMERLIN AVENUE?+
Hillcrest Elementary (elementary), Lake Como School (elementary), Edgewater High (high) — Orange County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$1,499,000 runs 233% above the ORLANDO 32803 median — but at 4,230 sqft it's also nearly 3 times the size of the typical Orlando listing.
02Time on market is leverage
253 days on market against a Orlando median of 40 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Hillcrest Elementary, Lake Como School, Edgewater High — Hillcrest Elementary rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of OLDE TOWN BROKERS INC · Parker Blanchard. MLS #O6363010.
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.
Never miss a listing
New Orlando homes, in your inbox
Like 503 N SUMMERLIN AVENUE but not quite? A daily digest of every new listing in Orlando — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →