502 TIMBERLANE COURT, LAKE MARY, FL, 32746
Active188 days on marketListed Feb 10, 2026MLS #O6381320
About this home
502 TIMBERLANE COURT
Welcome to The Forest, a true hidden gem tucked away in the heart of Lake Mary. This light, bright, and beautifully maintained 2-bedroom, 2-bath home sits peacefully on a cul-de-sac and offers the rare advantage of land ownership, making it eligible for conventional, FHA, and VA financing. Built in the 1980s, the home features an open floor plan filled with natural light. The freshly painted exterior adds instant curb appeal, complemented by a long driveway and extended covered carport. Outdoors, you’ll find a large workshop/laundry shed, plus an additional freestanding storage shed in the backyard—perfect for hobbies, tools, or extra storage. Inside, the kitchen shines with brand-new stainless steel appliances and ceramic tile flooring, opening seamlessly to the main living area. The living room flows into a charming front Florida room wrapped in windows, offering peaceful views of the surrounding natural setting—an ideal spot for morning coffee or evening relaxation. Just steps away are the community’s scenic nature trails, reinforcing the tranquil, park-like feel. Monthly HOA fees are low and include cable, internet, and trash pickup, adding to the ease of living. What truly sets The Forest apart is the lifestyle. Residents enjoy two community pools and a beautiful clubhouse with an outstanding architectural design—often described as Frank Lloyd Wright–inspired. The community building offers an impressive array of amenities, including a large gathering room, library, billiard room, poker room, resident coin laundry, craft room, and community mailboxes. Outdoor recreation abounds with shuffleboard courts, tennis courts, and pickleball courts, while a welcoming social committee hosts monthly events with a full calendar of activities such as cards, pickleball, water volleyball, bingo, and more. One of the most special features of this community is how effortlessly neighbors become friends—you’ll feel welcomed from day one. All of this is paired with an outstanding location close to I-4 and within walking distance to major shopping and restaurants. Peaceful, social, and perfectly positioned—this is Florida 55+ living at its best.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,212
Sqft
0.15 ac
Lot size
1980
Year built
One
Levels
$181
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.
$1,828 /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
$1,828/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
+36.7%
$/sqft vs Lake Mary actives
$181 vs $234
Days on market
188 vs 49 typical
Where $181/sqft sits among the 166 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 The Forest
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Mary. See the full Lake Mary guide →
The Forest — neighborhood snapshot
Population
2,268
Median age
45
Median income
$119,206
Median home value
$434,200
Avg household
2
Households w/ children
259
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)
96 of 166
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 40% below the LAKE MARY 32746 median. See the full Lake Mary market guide →
Paper trail
This home's history
Reality check
What actually sold near 502 TIMBERLANE COURT
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$240,000
606 TIMBERLANE DRIVE · same community
2 bd · 2 ba · 1,200 sqft · $200/sqft · 13 DOM
Sold · Sep ’25$290,000
476 MORNING GLORY DRIVE
3 bd · 2 ba · 1,172 sqft · $247/sqft · 0 DOM
Sold · Dec ’25$330,000
101 LAKEBREEZE CIRCLE
3 bd · 2 ba · 1,346 sqft · $245/sqft · 103 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
Frantreshia Miller
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 502 TIMBERLANE COURT — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 502 TIMBERLANE COURT — before you fall in love.
See it in person
Schedule a tour
Live availability from Frantreshia's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
502 TIMBERLANE COURT FAQs
What would the monthly payment be for 502 TIMBERLANE COURT?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,828/mo — principal and interest, the actual property-tax bill, the $233/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 502 TIMBERLANE COURT?+
The association fee works out to $233 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 502 TIMBERLANE COURT?+
The most recent tax bill on record (2024) was $581. 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 502 TIMBERLANE COURT?+
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 $219,000, this home is listed about 48% below the Lake Mary median of $420,000. The market section on this page shows how the area is trending.
Which schools are assigned to 502 TIMBERLANE COURT?+
Crystal Lake Elementary School (elementary), Wicklow Elementary School (elementary), Seminole High School (high), Millennium Middle School (middle) — Seminole County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the LAKE MARY 32746 market on paper
$219,000 is 40% below the LAKE MARY 32746 median of $368,000, and at $181/sqft it sits under the Lake Mary average of $245.
02Time on market is leverage
188 days on market against a Lake Mary median of 49 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $238,000, now $219,000 — a $19K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of UNITED REAL ESTATE PREFERRED · Patti Duerden. MLS #O6381320.
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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