1526 CHERRY LAKE WAY, LAKE MARY, FL, 32746
Active13 days on marketListed Jul 24, 2026MLS #V4950393
About this home
1526 CHERRY LAKE WAY
Virtually Staged. Welcome to 1526 Cherry Lake Way, a waterfront pool home in Cherry Ridge at Heathrow, one of Lake Mary’s most established guard-gated communities. This 5-bedroom, 2.5-bath residence presents a rare opportunity to own in a premier Lake Mary location with water views, a screened pool and lanai, and a refreshed interior ready for its next chapter. The home opens with soaring ceilings, large arched windows, and a bright interior palette that gives the main living areas a clean, elevated feel. The floor plan offers generous living and dining spaces, all bedrooms on the main level, and an upstairs loft/flex room that works well as a media room, office, playroom, or secondary lounge. The primary suite is privately positioned and offers direct access to the main living areas and pool side of the home. The kitchen features solid surface countertops, stainless appliances, light cabinetry, a pantry, and an eat-in area overlooking the lanai. Multiple gathering spaces create flexibility for entertaining, working from home, or creating defined formal and casual living areas. Outdoors, the screened pool and lanai are the centerpiece of the property. The pool deck has been newly painted, the covered lanai offers space for shaded seating, and the waterfront rear setting adds a peaceful backdrop for everyday living and entertaining. The exterior will be fully repainted prior to closing, further enhancing the property’s presentation. Cherry Ridge is part of the Heathrow master-planned community, known for its guard-gated entrance, mature landscaping, sidewalks, parks, playground areas, and proximity to Heathrow Country Club, Seminole County trails, shopping, dining, medical offices, business centers, I-4, SR 417, and the best of Lake Mary and Sanford. This is a strong opportunity to purchase a waterfront pool home in one of Central Florida’s most recognized residential communities.
Facts & features
The home at a glance
5
Bedrooms
2.5
Bathrooms
3,021
Sqft
0.29 ac
Lot size
2
Garage
1998
Year built
Two
Levels
$248
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.
$5,268 /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
$5,268/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.
vs edgeAI estimate
−9.1%
$/sqft vs Lake Mary actives
$248 vs $237
Days on market
13 vs 43 typical
Where $248/sqft sits among the 159 Lake Mary 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 Lake Mary
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Mary. See the full Lake Mary guide →
LAKE MARY 32746 — neighborhood snapshot
Population
45,970
Median age
43.8
Median income
$111,534
Median home value
$420,200
Avg household
2.41
Households w/ children
5,472
For the school run
Seminole County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Mary market
$446K → $488K
Lake Mary median sold, yr/yr
96.9%
Sale-to-list ratio (12 mo)
93 of 159
Lake Mary actives have cut their price
Median sold price, Lake Mary, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 89% above the LAKE MARY 32746 median. See the full Lake Mary market guide →
Paper trail
This home's history
Reality check
What actually sold near 1526 CHERRY LAKE WAY
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$607,000
1515 CHERRY LAKE WAY · same community
4 bd · 3 ba · 2,737 sqft · $222/sqft · 53 DOM
Sold · Jun ’26$950,000
1293 PRINCE COURT
4 bd · 3 ba · 3,027 sqft · $314/sqft · 162 DOM
Sold · Sep ’25$868,000
336 HIGHCROFT COURT
4 bd · 3 ba · 3,031 sqft · $286/sqft · 77 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 1526 CHERRY LAKE WAY — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1526 CHERRY LAKE WAY — 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
1526 CHERRY LAKE WAY FAQs
What would the monthly payment be for 1526 CHERRY LAKE WAY?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,268/mo — principal and interest, the actual property-tax bill, the $86/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 1526 CHERRY LAKE WAY?+
The association fee works out to $86 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1526 CHERRY LAKE WAY?+
The most recent tax bill on record (2026) was $8,434. 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 1526 CHERRY LAKE WAY?+
The listing reports pets: Yes. 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 Lake Mary?+
At $748,500, this home is listed about 75% above the Lake Mary median of $427,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1526 CHERRY LAKE WAY?+
Heathrow Elementary School (elementary), Markham Woods Middle School (middle), Seminole High School (high) — Seminole 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
$748,500 runs 89% above the LAKE MARY 32746 median — but at 3,021 sqft it's also 55% larger than the typical Lake Mary 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
Heathrow Elementary School, Markham Woods Middle School, Seminole High School — Heathrow Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of GLORY INTL. REAL ESTATE CO · Jennifer Clark. MLS #V4950393.
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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