Neighborhood · Orlando, Florida
Palm Lake
A quiet Dr. Phillips address near Universal
1
Homes for sale
$1,490,000
Median list price
$373
Avg price / sqft
202
Median days on market
Palm Lake sits in the Dr. Phillips corridor of southwest Orlando, close enough to Universal Orlando that you can be there in about 12 minutes yet tucked far enough off the main roads to feel residential. Homes here run large — the median size is nearly 4,000 square feet — and the community feeds into some of the area's most sought-after schools, including Dr. Phillips High and Palm Lake Elementary. It's an easy base for families who want space, good schools, and a short hop to theme parks, downtown, and the airport, all within roughly half an hour. If you're weighing nearby options, Metro West and Hunters Creek offer a similar southwest-Orlando feel with different price points.
This is a small, tightly held pocket, so inventory is thin — there's currently just one active listing on the market. That home is priced at $1,494,500, and over the past year only two homes sold here, at a median of $1,117,500. Sellers have been getting full asking on average, but with a median of 151 days on market, buyers who do their homework still have room to be deliberate. It's worth watching the broader Orlando homes for sale market alongside Palm Lake, since a single listing doesn't tell the whole story.
Palm Lake is a community in Orlando, Florida.
Quick facts
$1,490,000 – $1.5M price range
3,998 sqft median home
$242/mo median HOA
2 sold in 12 months
Drive times
On the market now
Homes for sale in Palm Lake
Every active listing inside the Palm Lake boundary
Open full map search →Find your fit
Browse Palm Lake
By feature — on the live map
The numbers that matter
The Palm Lake market
2
Sold, last 12 months
$1,117,500
Median sold price
100%
Sale-to-list ratio
What sellers actually get vs asking
131 days
Median time to sell
Palm Lake vs Orlando
Median list price
Price per sqft
Days on market
Live Stellar MLS data — every listing and closed sale inside the Palm Lake boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Palm Lake is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Palm Lake home
≈ $9,204/mo
$1,490,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$242/mo
Median HOA
From current listings inside the boundary
Population
1,223
Median age
51
Median income
$196,406
Median home value
$714,600
Beyond the listings
Living in Palm Lake
Beliefs
Top 3% in the U.S.Spiritual Practices
Making it to church on Sunday, this population is drawn together by their devotion to, primarily Christian, religion. Common activities include worship services and bible studies.
Active
Top 10% in the U.S.Yoga Advocates
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
Food & Drink
Top 10% in the U.S.Ingredient Attentive
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Relationships
Top 11% in the U.S.Connected Motherhood
Motherhood is a unique journey for every woman. There are highs, lows,and lots to celebrate. These moms seek to share their experiences and engage with a community of moms.
Appearance oriented
Top 12% in the U.S.All About Hair
Passionate about all things hair, this population is talking about hair tutorials or the hottest celebrity blowout.
Culture
Top 12% in the U.S.Dance Devotion
Some dance for fitness, others for fun, and a few turn it into a profession. No matter how these people groove to the music, their love for dance is what bonds them.
People who close here
Our Orlando experts
Straight answers
Palm Lake FAQs
Is Palm Lake a good place to live?+
It's a strong fit for families who want space and top-tier school zoning in the Dr. Phillips area — homes feed Dr. Phillips High, Chain of Lakes Middle, and Palm Lake Elementary. The location is hard to beat for convenience, with Universal Orlando about 12 minutes away and downtown, Disney, and MCO all within roughly a half hour.
Is Palm Lake expensive?+
Yes, it sits at the upper end of the Orlando market. The single active listing is priced at $1,494,500, and homes that sold over the past year had a median price of $1,117,500, putting this squarely in the $1M-plus tier. Buyers looking for more moderate pricing nearby might compare it to Hunters Creek.
What do homes cost in Palm Lake?+
The current listing is asking $1,494,500, and recent sales came in at a median of $1,117,500. At an average of about $374 per square foot on a median home size near 4,000 square feet, you're buying substantial square footage at a premium price point.
How is the Palm Lake market right now?+
Inventory is extremely limited — there's just one active listing at the moment, and only two homes changed hands in the last 12 months. Sellers have averaged 100% of asking, but with a median 151 days on market, well-prepared buyers still have time to evaluate before committing.
What are the HOA fees and property taxes like?+
The median HOA runs $242 per month, and median annual property tax is about $10,816, in line with the neighborhood's higher home values. Factor both into your monthly budget alongside the mortgage when comparing to other Orlando homes for sale.
Keep exploring
More Orlando neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. 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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