CENTURY 21 Edge
✦ Short-Term Rental Eligible
$1,549,0004 bd4.5 ba4,094 sqft$378 /sqft≈$10,254 /mo all-in ↓

779 STEPHENS PASS COVE, LAKE MARY, FL, 32746

Active11 days on marketListed Sep 16, 2026MLS #O6441040

WaterfrontPrivate poolFully furnishedSingle Family ResidenceISLAND CLUB

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

Private poolWaterfrontPool & Water viewFurnishedPets allowed

Inside

FlooringCarpet · Ceramic Tile
AppliancesDishwasher · Disposal · Exhaust Fan · Gas Water Heater · Microwave · Range · Range Hood · Refrigerator
InteriorEating Space In Kitchen · Walk-In Closet(s)
LaundryLaundry Room
CoolingCentral Air · Zoned
HeatingCentral · Electric · Heat Pump · Zoned
FurnishedFurnished

Outside & construction

RoofTile
ConstructionBlock · Stucco
FoundationSlab
ViewPool · Water
FacesSoutheast
ParkingElectric Vehicle Charging Station(s)
ExteriorBalcony · Irrigation System

Community & fees

HOA fee$117/mo
Taxes (2025)$12,455/yr
PetsYes
CommunityDeed Restrictions

Utilities & systems

UtilitiesBB/HS Internet Available · Cable Available · Electricity Connected · Fire Hydrant · Street Lights
WaterPublic

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%

Principal & interest$8,358
PMI (est., until 20% equity)$581
Property tax — 2025 actual bill$1,038
HOA fee — from the listing$117
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $154,900Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $154,900
Interest rate6.00%
Loan term

Estimated payment

$10,254/mo

Principal & interest$8,358
PMI (est., until 20% equity)$581
Property taxes (actual bill)$1,038
HOA / condo fee$117
Est. insurance$160

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.

List $1.5M
$1.4MedgeAI estimate $1,568,694 · range $1.4M–$1.7M$1.8M

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

51
52
39
20
8 · this home
13
$152–201$201–249$249–298$298–347$347–396$396+

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

Nightly rentalsAllowed
CommunityIsland Club
Fine-tuned for this homePrepared free by our team
Get the free rental analysis

Projected nightly rate, occupancy and annual revenue for this exact home.

Long-term rental

$2,000/mo median

MarketLake Mary
Annual gross at median$24,000
Gross yield on this price1.5%
Homes for rent right now42

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

Downtown Orlando≈ 25 min
Universal Orlando≈ 37 min
Orlando Int’l Airport (MCO)≈ 45 min
Walt Disney World≈ 49 min

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

MiddleMarkham Woods Middle School★★★★★
ElementaryCrystal Lake Elementary School★★★★★
ElementaryWicklow Elementary School★★★★★
HighSeminole High School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Lake Mary market

Seller’s marketLeans seller — 3.8 months of inventoryBuyer’s 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

Sep 16, 2026Listed at $1,549,000 · 11 days on market since
2006Built · ISLAND CLUB

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.

812 STEPHENS PASS COVESold · Apr ’26

$1,300,000

812 STEPHENS PASS COVE · same community

4 bd · 3.5 ba · 4,359 sqft · $298/sqft · 151 DOM

771 STEPHENS PASS COVESold · Sep ’26

$825,000

771 STEPHENS PASS COVE · same community

4 bd · 3 ba · 2,526 sqft · $327/sqft · 5 DOM

1505 WHITSTABLE COURTSold · 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.

Arlinda Gokyar

Your agent

Arlinda Gokyar

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 779 STEPHENS PASS COVE — start here.

Andrew Acosta

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.

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.

Never miss a listing

New Lake Mary homes, in your inbox

Like 779 STEPHENS PASS COVE but not quite? A daily digest of every new listing in Lake Mary — straight from the MLS, hours after it goes live. Unsubscribe anytime.

By checking this box, I provide my prior express written consent to CENTURY 21 Edge, directly or through its affiliated real estate agents, to contact me at the telephone number(s) and email address I provide regarding my inquiry, real estate services, and marketing or promotional communications, including property listings, market updates, open houses, home value reports, and related real estate information. I authorize calls and text messages made using an automatic telephone dialing system or other automated technology and calls using prerecorded or artificial voice. I also consent to receive marketing and promotional emails. Consent is not a condition of purchasing any property, goods, or services. Message and data rates may apply. Message frequency varies. Reply STOP to opt out of text messages or HELP for help. I may unsubscribe from marketing emails using the unsubscribe link in any marketing email. I may revoke my consent to calls or text messages at any time using any reasonable method. Calls with CENTURY 21 Edge may be recorded. See our Privacy Policy, Terms of Use, and SMS Terms.

Just watching this one home? Ask Arlinda to ping you on any price or status change →

CENTURY 21 Edge
© 2026 CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Sunseria Real Estate Group LLC d/b/a CENTURY 21 Edge fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Century 21 Real Estate LLC nor any of its affiliated companies.

MLS® Disclaimers

Stellar MLS / MFRMLSCopyright © MFRMLS.com. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated September 28, 2026 at 2:05 AM UTC. The listing information on this page last changed on September 28, 2026 at 2:05 AM UTC. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS. Updated on September 28, 2026 at 2:05 AM UTC.

StellarMLS DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. §512, the DMCA, provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owners behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Southeast Florida MLSCopyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law. Data Last Updated: September 28, 2026 at 2:05 AM UTC.

Space Coast AORThese listings are provided by the IDX Program of Brevard County, Florida. Real Estate listings held by brokerage firms other than CENTURY 21 Edge Central Florida are marked with the IDX Logo and detailed information about them includes the name of the listing brokers. 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. Information deemed reliable but not guaranteed.

Beaches MLSAll information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer''s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.