David Ramirez
$3,550,000$3,750,0008 bd6.5 ba12,000 sqft$296 /sqft$22,148 /mo all-in ↓

1501 LAKE MARKHAM ROAD, SANFORD, FL, 32771

Active207 days on marketListed Jan 8, 2026MLS #O6371035

Reduced $200KPrivate poolSingle Family ResidenceN/A

About this home

1501 LAKE MARKHAM ROAD

An extraordinary estate of rare distinction, Painted Dreams is a legacy property where timeless architecture meets resort-caliber living. Set along Lake Markham Road in Sanford, this remarkable residence spans over 12,000 square feet of air-conditioned living space and more than 17,000 square feet under roof. Poised on 2.5 private, park-like acres, the estate offers a rare blend of seclusion, scale, and possibility—just moments from the best of Central Florida. The impressive three-story main residence is designed for both refined living and grand entertaining. With eight bedrooms, six and a half baths, a private elevator, cinema, poker room, study/library, and a 590-bottle climate-controlled wine cellar, every space is curated for comfort and experience. Towering ceilings, expansive windows, and elegant travertine flooring create a light-filled grandeur, while solid 8-foot Brazilian mahogany doors and intricate millwork showcase exceptional craftsmanship. At its heart, the gourmet kitchen features granite countertops, dual islands, premium appliances, and a butler’s pantry, flowing seamlessly into a spectacular family room with 24-foot ceilings and floor-to-ceiling glass. A covered porte-cochère introduces a striking stained-glass entry, opening into a luminous foyer framed by formal living and dining spaces. The primary suite is a private sanctuary, complete with a fireplace, expansive walk-in closet, and spa-inspired bath with dual vanities, a soaking tub, and an oversized walk-in shower. The second level offers a theater, library, loft, game area with wet bar, and a 1,000+ square foot terrace overlooking the grounds. The third level adds guest accommodations, a spacious lounge, and another wet bar—ideal for extended stays. Outdoors, over 4,000 square feet of resort-style living surrounds the custom pool and spa, enhanced by app-controlled lighting and water features. A sprawling patio, cabana bath, and fully equipped outdoor kitchen create an exceptional setting for gatherings, while the porte-cochère and motor court provide a grand arrival. Across the full 2.5 acres, the property unfolds as a canvas of opportunity—whether a private compound, equestrian retreat, or boutique event or wedding venue. Lush lawns, mature landscaping, and multiple gathering areas create a natural flow for hosting both intimate and large-scale occasions. Automotive enthusiasts will appreciate the expansive motor court and detached six-car garage, with capacity for up to twelve vehicles using lifts, plus space for boats or RVs. Above the garage, a two-bedroom guest residence offers a full kitchen, fireplace, and multiple living areas, connected to the main home by a private bridge. Ideally located near Lake Sylvan Park, prestigious country clubs, and the attractions of Orlando, Painted Dreams is a rare opportunity to own one of Central Florida’s most captivating estates.

Facts & features

The home at a glance

8

Bedrooms

6.5

Bathrooms

12,000

Sqft

2.57 ac

Lot size

6

Garage

2004

Year built

Three Or More

Levels

$296

Per sqft

Private poolFireplacePool & Trees/Woods view

Inside

FlooringCarpet · Travertine
AppliancesBar Fridge · Built-In Oven · Convection Oven · Dishwasher · Gas Water Heater · Microwave · Refrigerator · Wine Refrigerator
InteriorCathedral Ceiling(s) · Ceiling Fan(s) · Central Vacuum · Eating Space In Kitchen · Elevator · High Ceilings · Living Room/Dining Room Combo · Open Floorplan · Primary Bedroom Main Floor · Solid Wood Cabinets · Tray Ceiling(s) · Vaulted Ceiling(s) · Walk-In Closet(s) · Wet Bar · Window Treatments
LaundryLaundry Room
CoolingCentral Air
HeatingCentral

Outside & construction

RoofShingle
ConstructionBrick
FoundationSlab
ViewPool · Trees/Woods
FacesWest
ParkingDriveway · Garage Faces Side
ExteriorBalcony · Irrigation System · Outdoor Grill · Outdoor Kitchen · Storage

Community & fees

Taxes (2024)$18,016/yr

Utilities & systems

UtilitiesBB/HS Internet Available · Cable Available · Electricity Connected · Water Connected
WaterPublic · Well

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$22,148 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$19,156
PMI (est., until 20% equity)$1,331
Property tax — 2024 actual bill$1,501
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $355,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $355,000
Interest rate6.00%
Loan term

Estimated payment

$22,148/mo

Principal & interest$19,156
PMI (est., until 20% equity)$1,331
Property taxes (actual bill)$1,501
Est. insurance$160

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 N/A

$296 vs $286

Days on market

207 vs 29 typical

Where $296/sqft sits among the 246 homes for sale in N/A

134
54 · this home
30
7
6
15
$131–293$293–455$455–617$617–779$779–941$941+

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 Sanford

Map of 1501 LAKE MARKHAM ROAD

Drive times from this address

Downtown Orlando29 min
Universal Orlando42 min
Orlando Int’l Airport (MCO)48 min
Walt Disney World54 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Sanford. See the full Sanford guide →

SANFORD 32771 — neighborhood snapshot

Population

59,708

Median age

38.7

Median income

$74,520

Median home value

$332,500

Avg household

2.66

Households w/ children

7,359

For the school run

Seminole County School District

ElementaryGoldsboro Elementary Magnet★★★★
ElementaryIdyllwilde Elementary School★★★★★
ElementaryBentley Elementary School★★★★★
HighSeminole High School★★★★★
ElementaryWilson Elementary School★★★★
MiddleMarkham Woods Middle School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Sanford market

Seller’s marketLeans seller4.6 months of inventoryBuyer’s market

$354K$383K

Sanford median sold, yr/yr

97.5%

Sale-to-list ratio (12 mo)

110 of 246

N/A have cut their price

Median sold price, Sanford, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 917% above the SANFORD 32771 median. See the full Sanford market guide →

Paper trail

This home's history

CurrentPrice reduced to $3,550,000 $200K
Jan 8, 2026Listed at $3,750,000 · 207 days on market since
2004Built · N/A

Reality check

What actually sold near 1501 LAKE MARKHAM ROAD

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

10699 SW 76THSold · Dec ’25

$357,275

10699 SW 76TH · same community

4 bd · 3 ba · 13,676 sqft · $26/sqft · 0 DOM

5303 NW 73RD TERRACESold · Dec ’25

$3,721,000

5303 NW 73RD TERRACE · same community

5 bd · 5.5 ba · 6,930 sqft · $537/sqft · 0 DOM

2202 OLD TAVARES ROADSold · Dec ’25

$573,000

2202 OLD TAVARES ROAD · same community

4 bd · 4.5 ba · 3,337 sqft · $172/sqft · 109 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.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 1501 LAKE MARKHAM ROAD — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 1501 LAKE MARKHAM ROAD — 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.

Goes straight to David’s phone and CRM.

Straight answers

1501 LAKE MARKHAM ROAD FAQs

What would the monthly payment be for 1501 LAKE MARKHAM ROAD?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $22,148/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 1501 LAKE MARKHAM ROAD?+

The most recent tax bill on record (2024) was $18,016. 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 Sanford?+

At $3,550,000, this home is listed about 873% above the Sanford median of $365,000. The market section on this page shows how the area is trending.

Which schools are assigned to 1501 LAKE MARKHAM ROAD?+

Goldsboro Elementary Magnet (elementary), Idyllwilde Elementary School (elementary), Bentley Elementary School (elementary), Seminole High School (high), Wilson Elementary School (elementary), Markham Woods Middle School (middle) — Seminole County School District. Always verify school assignments with the district before relying on them.

The brief

Five things that matter here

01Positioned at the premium end

$3,550,000 runs 917% above the SANFORD 32771 median — but at 12,000 sqft it's also nearly 7 times the size of the typical Sanford listing.

02Your own pool

A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.

03Time on market is leverage

207 days on market against a Sanford median of 29 — sellers in this position are usually ready to negotiate.

04Strong assigned schools

Goldsboro Elementary Magnet, Idyllwilde Elementary School, Bentley Elementary School, Seminole High School, Wilson Elementary School, Markham Woods Middle School — Goldsboro Elementary Magnet rates 4 of 5. Always verify assignments with the district.

05The price has already moved

Listed at $3,750,000, now $3,550,000 — a $200K cut. The full history is in the market section below.

Listing courtesy of THE AGENCY FL · Brian Hyser. MLS #O6371035.

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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