238 LAKE DRIVE, ORLANDO, FL, 32835
Active217 days on marketListed Jan 5, 2026MLS #O6371114
About this home
238 LAKE DRIVE
Lakefront Oasis on Beautiful Lake Sherwood! Escape to your own Florida retreat and savor breathtaking sunsets over Lake Sherwood. This expansive 5-bedroom, 3-bathroom home boasts a separate efficiency apartment, excellent for guests or as an in-law suite. Nestled on a spacious .30-acre lot with ample space for a pool, this property is a gem awaiting your personal touch. Harmonious with those looking to save money and do their own remodeling and updates to create their dream home, or explore its potential as an Air B&B given its proximity to Universal, Disney, and Disney Springs. This home is priced to sell in the as-is condition. Enjoy outdoor living with an impressive outdoor kitchen area, a great patio overlooking the lake, and a huge screened lanai on the second floor offering panoramic views. The large eat-in kitchen is nice for gatherings and entertaining. Recent updates include a newer roof installed in 2019, ensuring peace of mind for years to come. With no HOA, you have the freedom to customize and enhance this already fantastic property with additional features like a fire pit or garden area. Don’t miss out on this rare opportunity to own a slice of paradise with stunning lake views and endless possibilities. Come see us today—this property won’t last long!
Facts & features
The home at a glance
5
Bedrooms
3
Bathrooms
1,728
Sqft
0.3 ac
Lot size
1
Garage
1989
Year built
Two
Levels
$255
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.
$4,445 /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
$4,445/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.
$/sqft vs Orlando actives
$255 vs $251
Days on market
217 vs 42 typical
Where $255/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 Orlando
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Orlando. See the full Orlando guide →
ORLANDO 32835 — neighborhood snapshot
Population
49,932
Median age
35.5
Median income
$70,183
Median home value
$333,000
Avg household
2.77
Households w/ children
6,482
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 → $395K
Orlando median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
178 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 146% above the ORLANDO 32835 median. See the full Orlando market guide →
Paper trail
This home's history
Reality check
What actually sold near 238 LAKE DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$290,000
172 GROVE STREET · same community
3 bd · 2 ba · 1,213 sqft · $239/sqft · 91 DOM
Sold · Sep ’25$649,000
107 GROVE STREET · same community
5 bd · 4.5 ba · 2,250 sqft · $288/sqft · 100 DOM
Sold · Apr ’26$319,000
173 LAKE DRIVE · same community
3 bd · 2 ba · 1,183 sqft · $270/sqft · 88 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
Lacie Springstead
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 238 LAKE DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 238 LAKE DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Lacie's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
238 LAKE DRIVE FAQs
What would the monthly payment be for 238 LAKE DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $4,445/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 238 LAKE DRIVE?+
The most recent tax bill on record (2024) was $18,000. 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 238 LAKE DRIVE?+
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 Orlando?+
At $440,000, this home is listed about 12% above the Orlando median of $392,950. The market section on this page shows how the area is trending.
Which schools are assigned to 238 LAKE DRIVE?+
Oak Hill Elementary (elementary), Gotha Middle (middle), Olympia High (high) — Orange County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$440,000 runs 146% above the ORLANDO 32835 median.
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
217 days on market against a Orlando median of 42 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $583,800, now $440,000 — a $144K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of BEYCOME OF FLORIDA LLC · Steven Koleno. MLS #O6371114.
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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