820 STEPHENS PASS COVE, LAKE MARY, FL, 32746
Active4 days on marketListed Oct 12, 2026MLS #O6449368
Come see it
Upcoming open house
Sat, Oct 17
12:00 PM – 2:00 PM
About this home
820 STEPHENS PASS COVE
Come see this slice of paradise in the exclusive, gated community of Island Club, located in the affluent Heathrow area. This custom waterfront home offers peaceful views of Island Lake, providing nightly displays of amazing sunsets. This home as been meticulously maintained and features 5-bedrooms, 3.5-bathrooms showcasing a number of high-end upgrades. The main level features a spacious primary bedroom with an elegant en suite bath together with top-tier amenities and oversized custom closets. Additionally, a versatile flex room offers possibilities for use as an office, playroom, gym, or library. The heart of the home is the open kitchen and family room combination, featuring stainless steel appliances, tons of granite countertops, a stylish backsplash, solid wood cabinets, a wine fridge, and a large pantry. Think of the holiday parties you can throw in the huge family room overlooking the lanai and the lake. Throughout the main floor, engineered hardwood flooring and crown molding add elegance and sophistication, complemented by custom plantation shutters throughout. A Bruno Elite straight rail stairlift can take you upstairs to a spacious game/media entertainment room, along with four generous bedrooms, two of which feature expansive walk-in closets. The laundry room is equipped with LG Ultra Capacity stainless washer/dryer. Step outside to your private oasis and enjoy the picturesque lake views from the screened-in lanai, which is pre-wired and pre-plumbed for a summer kitchen. The garage with its special PVC tile flooring provides ample storage space for your convenience. The property comes complete with a Massey termite bond. Adjacent to the exclusive Heathrow community, you'll have access to fine dining, upscale shopping, casual eateries, golf courses, top-rated schools, hospitals, and both Sanford and Orlando airports. This prime location offers easy access to the beaches, entertainment venues, theme parks, and attractions. Grab the opportunity to embrace the exemplary example of Florida lifestyle.
Facts & features
The home at a glance
5
Bedrooms
3.5
Bathrooms
3,279
Sqft
0.17 ac
Lot size
2
Garage
2011
Year built
Two
Levels
$274
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.
$5,985 /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
$5,985/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
+12.8%
$/sqft vs Lake Mary actives
$274 vs $243
Days on market
4 vs 49 typical
Where $274/sqft sits among the 187 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
$2,095/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)
96 of 187
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 128% 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 820 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 · Sep ’26$825,000
771 STEPHENS PASS COVE · same community
4 bd · 3 ba · 2,526 sqft · $327/sqft · 5 DOM
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 · Feb ’26$922,000
643 CRICKLEWOOD TERRACE
4 bd · 3.5 ba · 3,264 sqft · $282/sqft · 185 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
Shawn Headley
Realtor · CENTURY 21 Edge
Tours, negotiation, and every question about 820 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 820 STEPHENS PASS COVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Shawn's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
820 STEPHENS PASS COVE FAQs
What would the monthly payment be for 820 STEPHENS PASS COVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,985/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 820 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 820 STEPHENS PASS COVE?+
The most recent tax bill on record (2025) was $6,202. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 820 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 820 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 $899,500, this home is listed about 84% above the Lake Mary median of $489,000. The market section on this page shows how the area is trending.
Which schools are assigned to 820 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
Four things that matter here
01Positioned at the premium end
$899,500 runs 128% above the LAKE MARY 32746 median — but at 3,279 sqft it's also 68% larger than 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.
04Fresh on the market
Only 4 days on market in a Lake Mary market that averages 49 — if it fits, move quickly.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL BANKER REALTY · Mark Glaser. MLS #O6449368.
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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