David Ramirez
$435,000$475,0003 bd2 ba1,491 sqft$292 /sqft$3,026 /mo all-in ↓

405 LAKE FAIR LANE, WINTER PARK, FL, 32789

Active137 days on marketListed Mar 25, 2026MLS #O6393594

Priced 44% below the WINTER PARK 32789 medianReduced $40KSingle Family ResidenceFAIRBANKS SHORES 5TH ADD

About this home

405 LAKE FAIR LANE

One or more photo(s) has been virtually staged. Fully rebuilt, not just renovated. This Winter Park home at 405 Lake Fair Ln has been completely transformed from top to bottom, with all major systems updated and no detail overlooked, enhanced by custom architectural wood paneling that gives the exterior a modern, high-end presence and standout curb appeal. Positioned on a quiet dead-end street with no side or rear neighbors, this 3 bedroom, 2 bathroom home offers a level of privacy that is rarely found in the area. Inside, a clean, modern layout is complemented by new LVP flooring throughout, large-format designer tile in the bathrooms, fresh knockdown texture, and integrated recessed lighting that creates a bright, cohesive feel from room to room. The kitchen is anchored by an oversized quartz island designed as a central gathering point, paired with modern shaker cabinetry and a full suite of brand new, never-used appliances. The space is built for both everyday functionality and entertaining. Both bathrooms have been fully reimagined with large-format designer tile, a matte fixture package, and frameless glass shower enclosures, delivering a clean, elevated finish throughout. Beyond the finishes, the true value is in the infrastructure. The home features a new roof, new HVAC system, updated plumbing, and electrical brought to current standards, along with two new water heaters. Additional upgrades include all new interior and exterior doors with coordinated hardware, updated lighting, fresh interior and exterior paint, new blinds, and refined finishes throughout. This is a renovation executed with long-term quality in mind. The location ties everything together. Just minutes from Park Avenue and Winter Park Village, the home offers immediate access to some of the area’s most sought-after dining, shopping, and lifestyle amenities, along with convenient access to I-4 for commuting throughout Orlando. Continued growth in the area adds long-term appeal, including a new Life Time Fitness being developed just minutes away. Education options further strengthen the location. The home is near St. Margaret Mary School, a highly regarded PK–8 private institution, as well as Bishop Moore High School, consistently ranked among the top private schools in Florida and known for strong college preparation and athletics. Edgewater High School is also nearby, offering a well-established public school option within close proximity. Nearby Full Sail University, Rollins College, and AdventHealth Winter Park further support long-term demand and stability in the area. This is a move-in ready home positioned in one of the most stable and steadily growing pockets of Winter Park, offering both lifestyle, privacy, and long-term upside. A full home warranty is included. Seller is highly MOTIVATED. BRING YOUR OFFERS

Facts & features

The home at a glance

3

Bedrooms

2

Bathrooms

1,491

Sqft

0.21 ac

Lot size

1957

Year built

One

Levels

$292

Per sqft

Inside

FlooringCeramic Tile
AppliancesDryer · Refrigerator · Washer
InteriorCeiling Fan(s) · Living Room/Dining Room Combo · Open Floorplan
LaundryLaundry Room
CoolingCentral Air
HeatingCentral

Outside & construction

RoofShingle
ConstructionConcrete
FoundationSlab
FacesEast
ExteriorLighting · Private Yard · Sidewalk

Community & fees

Taxes (2025)$1,355/yr
PetsCats OK, Dogs OK

Utilities & systems

UtilitiesCable Available · Electricity Available · Public · Street Lights · Water Available
WaterPublic

The numbers

What it really costs

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

$3,026 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$2,561
FHA mortgage insurance (est.)$192
Property tax — 2025 actual bill$113
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $15,225Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.

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
Down payment3.5% · $15,225
Interest rate6.00%
Loan term

Estimated payment

$3,026/mo

Principal & interest$2,561
FHA mortgage insurance (est.)$192
Property taxes (actual bill)$113
Est. insurance$160

Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.

List $435K
$345KedgeAI estimate $394,005 · range $360K$470K$489K

vs edgeAI estimate

+10.4%

$/sqft vs Winter Park actives

$292 vs $344

Days on market

137 vs 44 typical

Where $292/sqft sits among the 318 Winter Park actives

112
84 · this home
50
25
19
28
$146–285$285–424$424–564$564–703$703–842$842+

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 Fairbanks Shores

Map of 405 LAKE FAIR LANE inside its neighborhood boundary

Drive times from this address

Downtown Orlando8 min
Universal Orlando20 min
Orlando Int’l Airport (MCO)28 min
Walt Disney World33 min

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

Get to know Winter Park. See the full Winter Park guide →

Fairbanks Shores — neighborhood snapshot

Population

281

Median age

47

Median income

$75,484

Median home value

$272,208

Avg household

2

Households w/ children

26%

For the school run

Orange County School District

ElementaryKillarney Elementary★★★★
HighEdgewater High★★★★★
MiddleCollege Park Middle★★★★

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

The numbers that matter

The Winter Park market

Seller’s marketLeans seller3.7 months of inventoryBuyer’s market

$470K$512K

Winter Park median sold, yr/yr

96.8%

Sale-to-list ratio (12 mo)

144 of 318

Winter Park actives have cut their price

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

This home is listed 44% below the WINTER PARK 32789 median. See the full Winter Park market guide →

Paper trail

This home's history

CurrentPrice reduced to $435,000 $40K
Mar 25, 2026Listed at $475,000 · 137 days on market since
1957Built · FAIRBANKS SHORES 5TH ADD

Reality check

What actually sold near 405 LAKE FAIR LANE

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

1500 BERKSHIRE AVENUESold · Mar ’26

$625,000

1500 BERKSHIRE AVENUE

3 bd · 1.5 ba · 1,485 sqft · $421/sqft · 33 DOM

496 W PAR STREET UNIT 496Sold · May ’26

$360,000

496 W PAR STREET UNIT 496

2 bd · 2.5 ba · 1,464 sqft · $246/sqft · 7 DOM

496 W PAR STREET UNIT 496Sold · Oct ’25

$350,000

496 W PAR STREET UNIT 496

2 bd · 2.5 ba · 1,464 sqft · $239/sqft · 24 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 405 LAKE FAIR LANE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 405 LAKE FAIR LANE — 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.

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Goes straight to David’s phone and CRM.

Straight answers

405 LAKE FAIR LANE FAQs

What would the monthly payment be for 405 LAKE FAIR LANE?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,026/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 405 LAKE FAIR LANE?+

The most recent tax bill on record (2025) was $1,355. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 405 LAKE FAIR LANE?+

The listing reports pets: Cats OK, Dogs OK. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Winter Park?+

At $435,000, this home is listed about 27% below the Winter Park median of $599,000. The market section on this page shows how the area is trending.

Which schools are assigned to 405 LAKE FAIR LANE?+

Killarney Elementary (elementary), Edgewater High (high), College Park Middle (middle) — Orange County School District. Always verify school assignments with the district before relying on them.

The brief

Three things that matter here

01Under the WINTER PARK 32789 market on paper

$435,000 is 44% below the WINTER PARK 32789 median of $775,000, and at $292/sqft it sits under the Winter Park average of $431.

02Time on market is leverage

137 days on market against a Winter Park median of 44 — sellers in this position are usually ready to negotiate.

03The price has already moved

Listed at $475,000, now $435,000 — a $40K cut. The full history is in the market section below.

Listing courtesy of EXP REALTY LLC · Donnamarie Leiba Gough. MLS #O6393594.

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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