Neighborhood · Orlando, Florida
Lake Formosa
Lakeside living minutes from downtown Orlando
2
Homes for sale
$609,500
Median list price
$414
Avg price / sqft
36
Median days on market
Lake Formosa sits just north of downtown, wrapped around its namesake lake and within walking distance of Orlando's cultural corridor. It's the kind of pocket where you get quiet, tree-lined streets and an easy six-minute drive into the city core — a combination that keeps demand steady among buyers who want proximity without the high-rise density. Assigned schools include Edgewater High, Howard Middle, and Audubon Park School, and the location puts you close to everything from Orlando homes for sale across the metro to the amenities near City Of Orlando/goaa.
For buyers, this is a tight, low-inventory market — there are just two active listings right now, with a median list price of $609,500 and a range from $499,000 to $720,000. Homes that sold over the past year moved at a median of $435,000, with sellers collecting about 96% of asking, so pricing conversations here are grounded and negotiation is possible. If you're weighing options, it's worth comparing against nearby neighborhoods like Laureate Park and Metro West to see where the value lines up for you.
Lake Formosa is a community in Orlando, Florida.
Quick facts
$499,000 – $720K price range
1,664 sqft median home
$1,900/mo median rent
6 sold in 12 months
Drive times
On the market now
Homes for sale in Lake Formosa
$499,000
1624 HAVEN DRIVE, ORLANDO
3 bd · 1.5 ba · 950 sqft
$720,000
1629 FERRIS AVENUE, ORLANDO
4 bd · 3 ba · 2,378 sqft
Every active listing inside the Lake Formosa boundary
Open full map search →Find your fit
Browse Lake Formosa
Where the market lives
The numbers that matter
The Lake Formosa market
6
Sold, last 12 months
$417,500
Median sold price
95%
Sale-to-list ratio
What sellers actually get vs asking
4 days
Median time to sell
Lake Formosa vs Orlando
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 47.3% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Lake Formosa boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Lake Formosa is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Lake Formosa home
≈ $4,056/mo
$609,500 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$1,900/mo
Median rent
Homes for rent inside the boundary
Population
1,257
Median age
38
Median income
$88,105
Median home value
$437,188
Beyond the listings
Living in Lake Formosa
Pieces of History
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Culture
Top 1% in the U.S.Artistic Appreciation
Galleries, city murals, and skillful latte art gets this population excited. They're always on the lookout for creative expression.
Hobbies & Interests
Top 5% in the U.S.Bookish
Always seeking the next book, article, or poem to read, this activity is prevalent in areas where reading is a way of life. Although a solo activity, the expression of the love of books is a bonding, communal experience.
Active
Top 7% in the U.S.Yoga Advocates
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
Culture
Top 7% in the U.S.Dance Devotion
Some dance for fitness, others for fun, and a few turn it into a profession. No matter how these people groove to the music, their love for dance is what bonds them.
Appearance oriented
Top 8% in the U.S.Body Art
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Straight answers
Lake Formosa FAQs
Is Lake Formosa a good place to live?+
It's a strong fit if you want to be close to the action but not in it — downtown Orlando is about six minutes away, Universal roughly 18, and MCO around 25 minutes. The neighborhood is small and established, with assigned schools including Edgewater High and Audubon Park School. If you want to compare the vibe against other in-town options, Orlando homes for sale across the metro give a useful baseline.
Is Lake Formosa expensive?+
It sits in Orlando's mid-to-upper range, with a median list price of $609,500 and active listings spanning $499,000 to $720,000. That said, homes sold over the past year came in at a median of $435,000, so what closes can land well below where new listings start. For a lower-priced comparison, look at South Semoran.
What do homes cost in Lake Formosa?+
Active listings run a median of $609,500 at about $414 per square foot, with a median home size around 1,664 square feet. Over the last 12 months, seven homes sold at a median of $435,000, which reflects the gap between current asks and recent closings.
How is the market in Lake Formosa right now?+
It's a low-inventory market with just two active listings and a median of 35.5 days on market. Sellers averaged about 96% of asking over the past year, so pricing is realistic and buyers have some negotiating room without a bidding-war frenzy.
What about HOA and property taxes?+
There's no reported HOA fee for the active listings here, which is common for this kind of established, non-gated neighborhood. Property taxes run a median of about $7,616 per year, and median rent in the area is around $1,900 per month if you're weighing a rental exit.
Keep exploring
More Orlando neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. 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 Formosa homes, in your inbox
A daily digest of new Orlando listings — straight from the MLS. Unsubscribe anytime.