401 N 1ST STREET, LAKE MARY, FL, 32746
Active28 days on marketListed Aug 30, 2026MLS #O6437711
About this home
401 N 1ST STREET
A truly rare offering in the heart of Lake Mary—this updated 4BR / 2.5BA / 2,716 sq ft home sits on just under 9 acres of private, usable land with direct frontage on Crystal Lake. Enjoy a lakefront lifestyle with access to additional connected lakes, launch directly from your own dock. The home has been thoughtfully modernized throughout, featuring new flooring, updated kitchen cabinetry, quartz countertops, new appliances, and upgraded fixtures. Bathrooms have been fully renovated with new tile, vanities, shower tile, and fixtures, creating a clean and contemporary feel. Additional improvements include updated windows, a resurfaced pool, new pool pavers, and an updated roof, offering long term peace of mind. The property’s expansive acreage provides exceptional privacy and flexibility—ideal for recreation, future expansion, or simply enjoying the open space. A detached barn adds valuable storage or workshop potential. Located in a golf cart friendly neighborhood, the home is close to downtown Lake Mary’s shops, restaurants, and community events, blending acreage living with true in town convenience. Opportunities combining this level of land, lakefront access, updates, and walkability are exceptionally limited—this property stands alone in today’s market.
Facts & features
The home at a glance
4
Bedrooms
2.5
Bathrooms
2,716
Sqft
8.86 ac
Lot size
2
Garage
1978
Year built
One
Levels
$624
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.
$10,219 /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
$10,219/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
+138.6%
$/sqft vs Lake Mary actives
$624 vs $243
Days on market
28 vs 35 typical
Where $624/sqft sits among the 184 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)
92 of 184
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 329% 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 401 N 1ST STREET
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$938,167
348 AMBERSWEET PLACE
4 bd · 3 ba · 2,625 sqft · $357/sqft · 0 DOM
Sold · Mar ’26$650,000
240 SHADY OAKS CIRCLE
4 bd · 3 ba · 2,610 sqft · $249/sqft · 6 DOM
Sold · Oct ’25$850,000
277 OLIVIA ROSE COURT
4 bd · 4 ba · 2,879 sqft · $295/sqft · 384 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
Solance Kallendorf
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 401 N 1ST STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 401 N 1ST STREET — before you fall in love.
See it in person
Schedule a tour
Live availability from Solance's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
401 N 1ST STREET FAQs
What would the monthly payment be for 401 N 1ST STREET?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $10,219/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 401 N 1ST STREET?+
The most recent tax bill on record (2025) was $3,330. 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 Lake Mary?+
At $1,695,000, this home is listed about 249% above the Lake Mary median of $485,000. The market section on this page shows how the area is trending.
Which schools are assigned to 401 N 1ST STREET?+
Lake Mary High School (high), Heathrow Elementary School (elementary), Markham Woods Middle School (middle) — Seminole 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
$1,695,000 runs 329% above the LAKE MARY 32746 median — but at 2,716 sqft it's also 42% 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
Lake Mary High School, Heathrow Elementary School, Markham Woods Middle School — Heathrow Elementary School rates 5 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $1,749,900, now $1,695,000 — a $55K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of HOLT REAL ESTATE LLC · Jennifer Cornette. MLS #O6437711.
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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