David Ramirez
$2,695,0005 bd4.5 ba4,960 sqft$543 /sqft$17,478 /mo all-in ↓

705 TERRACE BOULEVARD, ORLANDO, FL, 32803

Active28 days on marketListed Jun 26, 2026MLS #O6419732

WaterfrontSingle Family ResidenceHIGHLAND TERRACE SUB

About this home

705 TERRACE BOULEVARD

Refined lakefront living awaits in this stunning residence, ideally situated in a peaceful neighborhood on Lake Highland. Thoughtfully designed across multiple levels, this exceptional home blends timeless elegance with inviting living spaces and breathtaking water views throughout. The Main house has 4 bedrooms and 3 1/2 baths. The main level welcomes you with a spacious family room, formal dining room, and a European-style kitchen with an adjoining dinette, all overlooking the lake. Beautiful oak stairs lead to the lower level, where an expansive summer living room, dining area, wet bar, and studio space create the perfect setting for entertaining or relaxed everyday living. The upper levels offer three bedrooms, including a luxurious primary suite featuring a private sitting area and spa-inspired bath with a Clawfoot tub positioned to capture serene lake views. On the fourth floor, a fully finished attic bedroom with a generous closet overlooks the water and offers wonderful flexibility as a guest retreat, home office, or creative studio. French doors open to two covered lanai living spaces designed for seamless indoor-outdoor living. One provides a comfortable sitting area, while the other is ideal for dining and entertaining, complete with a summer kitchen and outdoor fireplace. Spend evenings enjoying spectacular sunsets from the lakefront deck or gathered around the fire pit with a glass of wine in hand. A detached one-bedroom, one-bath guest house offers a private retreat for guests or extended family, complete with its own living room, bedroom, renovated bath, and screened porch tucked among the trees overlooking the lake. The beautifully terraced backyard, accented by bubbling waterfalls, lush landscaping, and a lakefront fire pit, completes the serene setting of this truly one-of-a-kind property.

Facts & features

The home at a glance

5

Bedrooms

4.5

Bathrooms

4,960

Sqft

0.28 ac

Lot size

1927

Year built

Three Or More

Levels

$543

Per sqft

WaterfrontFireplaceWater view

Inside

FlooringConcrete · Parquet · Hardwood
AppliancesBar Fridge · Built-In Oven · Cooktop · Dishwasher · Disposal · Dryer · Electric Water Heater · Exhaust Fan · Freezer · Gas Water Heater · Microwave · Refrigerator · Tankless Water Heater · Washer · Wine Refrigerator
InteriorAttic Ventilator · Built-in Features · Ceiling Fan(s) · Crown Molding · Kitchen/Family Room Combo · PrimaryBedroom Upstairs · Skylight(s) · Solid Surface Counters · Solid Wood Cabinets · Split Bedroom · Stone Counters · Walk-In Closet(s) · Window Treatments
LaundryInside · Laundry Chute · Laundry Room
CoolingCentral Air · Zoned
HeatingCentral · Electric · Zoned

Outside & construction

RoofShingle
ConstructionBrick · Wood Frame (FSC Certified) · Wood Siding
FoundationBasement
ViewWater
FacesSoutheast
ParkingDriveway · Electric Vehicle Charging Station(s) · On Street
ExteriorBalcony · Fire Pit · Garden · Irrigation System · Lighting · Outdoor Grill · Outdoor Kitchen · Rain Gutters · Sprinkler Metered · Storage

Community & fees

Taxes (2025)$21,185/yr

Utilities & systems

UtilitiesElectricity Connected · Natural Gas Connected · Public · Sewer Connected · Sprinkler Recycled · Water Connected
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.

$17,478 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$14,542
PMI (est., until 20% equity)$1,011
Property tax — 2025 actual bill$1,765
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $269,500Loan30-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% · $269,500
Interest rate6.00%
Loan term

Estimated payment

$17,478/mo

Principal & interest$14,542
PMI (est., until 20% equity)$1,011
Property taxes (actual bill)$1,765
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.

Where it sits

Inside Park Lake / Highland

Map of 705 TERRACE BOULEVARD inside its neighborhood boundary

Drive times from this address

Downtown Orlando6 min
Universal Orlando18 min
Orlando Int’l Airport (MCO)25 min
Walt Disney World30 min

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

Get to know Orlando. See the full Orlando guide →

Park Lake / Highland — neighborhood snapshot

Population

877

Median age

36

Median income

$129,653

Median home value

$725,000

Avg household

2

Households w/ children

44%

For the school run

Orange County School District

ElementaryAudubon Park School★★★★★
HighEdgewater High★★★★★

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

The numbers that matter

The Orlando market

Seller’s marketBalanced5.7 months of inventoryBuyer’s market

$400K$405K

Orlando median sold, yr/yr

97.0%

Sale-to-list ratio (12 mo)

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

This home is listed 499% above the ORLANDO 32803 median. See the full Orlando market guide →

Paper trail

This home's history

Jun 26, 2026Listed at $2,695,000 · 28 days on market since
1927Built · HIGHLAND TERRACE SUB

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 705 TERRACE BOULEVARD — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 705 TERRACE BOULEVARD — 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

705 TERRACE BOULEVARD FAQs

What would the monthly payment be for 705 TERRACE BOULEVARD?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $17,478/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 705 TERRACE BOULEVARD?+

The most recent tax bill on record (2025) was $21,185. 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 $2,695,000, this home is listed about 591% above the Orlando median of $390,000. The market section on this page shows how the area is trending.

Which schools are assigned to 705 TERRACE BOULEVARD?+

Audubon Park 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

$2,695,000 runs 499% above the ORLANDO 32803 median — but at 4,960 sqft it's also nearly 3 times the size of the typical Orlando listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Strong assigned schools

Audubon Park School, Edgewater High — Audubon Park School rates 5 of 5. Always verify assignments with the district.

Listing courtesy of FANNIE HILLMAN & ASSOCIATES · Mary Ann Lahey. MLS #O6419732.

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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