
746 LAKE MILLS ROAD, OVIEDO, FL, 32766
Active91 days on marketListed May 8, 2026MLS #O6405919
About this home
746 LAKE MILLS ROAD
One or more photo(s) has been virtually staged. PRIVATE LAKEFRONT ESTATE ON PRISTINE LAKE MILLS. "This is exactly the private legacy property you have been looking for." Tucked behind a winding 700-foot gated drive, this extraordinary 7.22-acre lakefront estate — with the option to purchase an adjoining 7.88-acre buildable parcel for a combined 15+ acre private retreat — offers an unparalleled blend of luxury, privacy, and resort-style living on the crystal-clear, spring-fed waters of Lake Mills, one of Central Florida's most exclusive private ski lakes." The custom-built residence showcases soaring 24-foot coffered ceilings, stacked stone architectural details, rich pecan wood flooring, and breathtaking panoramic lake views. Designed for both everyday living and entertaining, the home features a formal dining room, expansive family room with stone fireplace, private office, oversized en-suite bedrooms, and a chef's kitchen appointed with imported Taj Mahal marble, custom cabinetry, flush built-in refrigeration, dual ovens and sinks, and a large center island overlooking the waterfront. The first-floor primary suite offers a peaceful escape with unobstructed lake views, while an additional downstairs bedroom and full bath provide ideal accommodations for guests or multigenerational living. Outdoor amenities create a true private resort experience, featuring a summer kitchen, expansive entertaining spaces, gazebo, 100+ foot dock, 23+ foot boat lift, dual jet ski lifts, and direct access to boating, water skiing, wakeboarding, paddleboarding, fishing, and endless days enjoying one of Central Florida's premier recreational lakes. A standout feature of the property is the detached barn and recreation building. While currently configured for equestrian use, the structure offers exceptional flexibility as a luxury golf simulator lounge, game room, sports bar, fitness studio, executive office, workshop, guest retreat, or additional entertainment space. With poured concrete walls, spray foam insulation, climate-controlled areas, and substantial infrastructure already in place, the possibilities are endless. Brand new slate roof and hurricane proof double pane doors and windows. Conveniently located just minutes from Oviedo, UCF, major expressways, Downtown Orlando, Orlando International Airport, world-class dining, shopping, and Florida's renowned beaches, this exceptional estate offers the perfect balance of privacy and convenience. Rarely do properties combine significant acreage, private ski lake frontage, luxury improvements, and limitless lifestyle opportunities in such an extraordinary setting. This is more than a home—it is a destination designed for unforgettable memories and exceptional living.
Facts & features
The home at a glance
6
Bedrooms
7.5
Bathrooms
5,776
Sqft
7.22 ac
Lot size
4
Garage
2005
Year built
Two
Levels
$606
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.
$21,910 /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
$21,910/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 N/A
$606 vs $288
Days on market
91 vs 32 typical
Where $606/sqft sits among the 243 homes for sale in N/A
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 Oviedo
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Oviedo. See the full Oviedo guide →
OVIEDO 32766 — neighborhood snapshot
Population
15,966
Median age
42.2
Median income
$146,215
Median home value
$529,600
Avg household
3.18
Households w/ children
2,393
For the school run
Seminole County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Oviedo market
$530K → $540K
Oviedo median sold, yr/yr
97.7%
Sale-to-list ratio (12 mo)
108 of 243
N/A have cut their price
Median sold price, Oviedo, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 426% above the OVIEDO 32766 median. See the full Oviedo market guide →
Paper trail
This home's history
Reality check
What actually sold near 746 LAKE MILLS ROAD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$3,721,000
5303 NW 73RD TERRACE · same community
5 bd · 5.5 ba · 6,930 sqft · $537/sqft · 0 DOM
Sold · Dec ’25$573,000
2202 OLD TAVARES ROAD · same community
4 bd · 4.5 ba · 3,337 sqft · $172/sqft · 109 DOM
Sold · Dec ’25$950,000
4701 NE JACKSONVILLE ROAD · same community
5 bd · 4 ba · 3,320 sqft · $286/sqft · 130 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 746 LAKE MILLS ROAD — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 746 LAKE MILLS 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.
Straight answers
746 LAKE MILLS ROAD FAQs
What would the monthly payment be for 746 LAKE MILLS ROAD?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $21,910/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 746 LAKE MILLS ROAD?+
The most recent tax bill on record (2025) was $18,617. 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 Oviedo?+
At $3,500,000, this home is listed about 580% above the Oviedo median of $514,975. The market section on this page shows how the area is trending.
Which schools are assigned to 746 LAKE MILLS ROAD?+
Walker Elementary School (elementary), Chiles Middle School (middle), Hagerty High School (high) — 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
$3,500,000 runs 426% above the OVIEDO 32766 median — but at 5,776 sqft it's also nearly 3 times the size of the typical Oviedo listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
91 days on market against a Oviedo median of 32 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Walker Elementary School, Chiles Middle School, Hagerty High School — Walker Elementary School rates 4 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $4,200,000, now $3,500,000 — a $700K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of LPT REALTY, LLC · Brittany Zapitz. MLS #O6405919.
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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