
779 STEPHENS PASS COVE, LAKE MARY, FL, 32746
Active11 days on marketListed Sep 16, 2026MLS #O6441040
About this home
779 STEPHENS PASS COVE
Waterside Living. Behind the gates of Island Club in prestigious Lake Mary/Heathrow, Casa del Lago occupies the finest lakefront setting in this private enclave. This custom Mediterranean estate pairs sweeping views of The Lake with designer interiors. The neighborhood is serene and quiet, yet minutes from major thoroughfares and less than an hour from Orlando, Disney, and Daytona Beach. The home makes its first impression before you reach the door. A bougainvillea-draped stone archway and beautiful fountain frame the entry. Beyond the iron front door, a soaring rotunda foyer opens directly into the gathering room, where floor-to-ceiling glass frames The Lake beyond. The main level is made for entertaining, with an elegant formal dining room, a butler’s pantry and wet bar, and a chef’s kitchen appointed with a Wolf gas cooktop and wall oven, a Sub-Zero refrigerator, and a Kitchen-Aid dishwasher, all cabinetry is freshly painted in a soft, warm gray. Rich moldings, imported granite, and a blend of porcelain and wood flooring carry that quality throughout, and the entire home has just been repainted from top to bottom. Upstairs, the primary suite is the showpiece. French doors open onto a private balcony suspended directly over the water, an ideal spot for morning coffee or an evening glass of wine. The spa bath continues the retreat with a jetted soaking tub, dual vanities, and rich wood cabinetry. Three additional bedrooms each have a private en-suite bath and walk-in closet, all finished in brand-new luxury carpet, with updated lighting and sconces refreshing every bathroom. The gas-heated pool, with color-changing LED lights, is framed by the same lake views that define the home: a private resort for entertaining or quiet evenings by the water. Beneath its beauty, Casa del Lago has been thoughtfully renewed. Recent enhancements include a new tile roof, all-new mechanicals, dual A/C systems, two Level 2 EV charging stations, a new LG washer and dryer, an updated pool system, and an upgraded sound system that carries music through the main living spaces and outdoors. The home is offered move-in ready and fully furnished. All interior furniture, televisions, and artwork convey (small personal accessories excluded). The Heathrow Legacy Club, with memberships available, is just two miles away. More than a home on The Lake, Casa del Lago is a gated retreat with the finest view on the water, and a lifestyle few properties can match.
Facts & features
The home at a glance
4
Bedrooms
4.5
Bathrooms
4,094
Sqft
0.21 ac
Lot size
2
Garage
2006
Year built
Two
Levels
$378
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.
$10,254 /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
$10,254/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
−1.3%
$/sqft vs Lake Mary actives
$378 vs $242
Days on market
11 vs 35 typical
Where $378/sqft sits among the 183 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.
The investor lens
Two ways this home pays
This home sits inside Island Club, a community zoned to allow true short-term rentals — so it can earn as a nightly rental or a traditional lease. Here’s how the two paths compare.
Short-term rental
Zoned & eligible
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$2,000/mo median
Live Lake Mary rental listing data — this home’s rate depends on size, condition and furnishing.
Where it sits
Inside Island Club
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Island Club is a short-term-rental community. See the full guide →
Island Club — neighborhood snapshot
Population
2,395
Median age
42
Median income
$101,752
Median home value
$472,600
Avg household
2
Households w/ children
245
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 183
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 292% 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 779 STEPHENS PASS COVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$1,300,000
812 STEPHENS PASS COVE · same community
4 bd · 3.5 ba · 4,359 sqft · $298/sqft · 151 DOM
Sold · Sep ’26$825,000
771 STEPHENS PASS COVE · same community
4 bd · 3 ba · 2,526 sqft · $327/sqft · 5 DOM
Sold · Dec ’25$1,449,000
1505 WHITSTABLE COURT
5 bd · 4 ba · 4,212 sqft · $344/sqft · 10 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
Arlinda Gokyar
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 779 STEPHENS PASS COVE — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 779 STEPHENS PASS COVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Arlinda's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
779 STEPHENS PASS COVE FAQs
What would the monthly payment be for 779 STEPHENS PASS COVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $10,254/mo — principal and interest, the actual property-tax bill, the $117/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 779 STEPHENS PASS COVE?+
The association fee works out to $117 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 779 STEPHENS PASS COVE?+
The most recent tax bill on record (2025) was $12,455. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 779 STEPHENS PASS COVE be rented short-term?+
Yes — this home sits inside Island Club, a community zoned to allow short-term rentals. Nightly-rental income could change the math on this purchase entirely; request a free rental income analysis and our team will prepare projections for this exact home.
Are pets allowed at 779 STEPHENS PASS COVE?+
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 $1,549,000, this home is listed about 219% 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 779 STEPHENS PASS COVE?+
Markham Woods Middle School (middle), Crystal Lake Elementary School (elementary), Wicklow Elementary School (elementary), 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
$1,549,000 runs 292% above the LAKE MARY 32746 median — but at 4,094 sqft it's also nearly twice the size of the typical Lake Mary listing.
02Zoned for nightly rentals
Island Club is one of the communities zoned to allow true short-term rentals — nightly income could change the math on this purchase entirely. Ask for the free rental analysis below.
03Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
Keep looking
Similar homes nearby
Listing courtesy of COMPASS FLORIDA LLC · Quentin Green, II. MLS #O6441040.
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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