551 TERRACE SPRING DRIVE, ORLANDO, FL, 32828
Active36 days on marketListed Jun 18, 2026MLS #O6418210
About this home
551 TERRACE SPRING DRIVE
Rare opportunity to own a Toll Brothers-built waterfront corner-unit townhome in the gated Woodland Terrace community. Designed for both comfort and style, this exceptional residence offers a sought-after first-floor primary suite, soaring two-story ceilings, an open-concept layout, and a spacious loft perfect for flexible living. The premium corner-unit location maximizes natural light while providing added privacy, and the tranquil water views create a relaxing backdrop throughout the home. Recent improvements include new vinyl flooring throughout, a newer A/C condenser (2021), refrigerator (2021), and microwave (2021). Residents enjoy a true low-maintenance lifestyle with HOA-covered roof replacement, exterior maintenance, landscaping, and common area upkeep. Nestled within the highly sought-after Timber Springs master-planned community, residents enjoy beautiful tree-lined streets, a quiet and peaceful atmosphere, and exceptional community amenities. Woodland Terrace features gated access and a community pool just steps away, while Timber Springs also offers a nearby park, playground, and tennis courts. Conveniently located minutes from shopping, dining, UCF, Waterford Lakes Town Center, major employers, and everyday conveniences, this home provides easy access to SR 50, 408, 417, and 528, allowing for convenient travel to Downtown Orlando, Lake Nona, Orlando International Airport, and Orlando's world-famous attractions. Don't miss this rare opportunity to own one of the community's most desirable floor plans with premium water views and the renowned quality of Toll Brothers construction.
Facts & features
The home at a glance
3
Bedrooms
2.5
Bathrooms
1,834
Sqft
0.09 ac
Lot size
1
Garage
2007
Year built
Two
Levels
$202
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 and the real association fee — not generic estimates.
$3,538 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
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
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,538/mo
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.
vs edgeAI estimate
+2.8%
$/sqft vs Orlando actives
$202 vs $237
Days on market
36 vs 34 typical
Where $202/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 Timber Springs
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Orlando. See the full Orlando guide →
Timber Springs — neighborhood snapshot
Population
4,145
Median age
39
Median income
$115,301
Median home value
$396,406
Avg household
3
Households w/ children
740
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 → $405K
Orlando median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
150 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 18% below the ORLANDO 32828 median. See the full Orlando market guide →
Paper trail
This home's history
Reality check
What actually sold near 551 TERRACE SPRING DRIVE
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$400,000
15851 WOODLAND SPRING COURT · same community
3 bd · 2.5 ba · 1,827 sqft · $219/sqft · 27 DOM
Sold · Nov ’25$350,000
506 TERRACE SPRING DRIVE · same community
3 bd · 2.5 ba · 1,759 sqft · $199/sqft · 89 DOM
Sold · Jan ’26$360,000
15834 WOODLAND SPRING COURT · same community
3 bd · 2.5 ba · 1,759 sqft · $205/sqft · 35 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 551 TERRACE SPRING DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 551 TERRACE SPRING DRIVE — 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
551 TERRACE SPRING DRIVE FAQs
What would the monthly payment be for 551 TERRACE SPRING DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,538/mo — principal and interest, the actual property-tax bill, the $577/mo association fee 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.
How much are the HOA fees at 551 TERRACE SPRING DRIVE?+
The association fee works out to $577 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 551 TERRACE SPRING DRIVE?+
The most recent tax bill on record (2025) was $5,510. 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 551 TERRACE SPRING DRIVE?+
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 Orlando?+
At $369,990, this home is listed about 5% below the Orlando median of $390,000. The market section on this page shows how the area is trending.
Which schools are assigned to 551 TERRACE SPRING DRIVE?+
Timber Creek High (high), Timber Springs Middle (middle), Timber Lakes Elementary (elementary) — Orange County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the ORLANDO 32828 market on paper
$369,990 is 18% below the ORLANDO 32828 median of $450,000, and at $202/sqft it sits under the Orlando average of $264.
02Know the monthly fee
The association fee is $577/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
03Strong assigned schools
Timber Creek High, Timber Springs Middle, Timber Lakes Elementary — Timber Creek High rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of LPT REALTY, LLC · Anna Shi. MLS #O6418210.
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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