507 Palmer St Orlando, FL 32801

$2,995,000
5 beds
4 full, 1 partial
4,434 sqft
1.0 acres
$675 / sqft
House

Property details

About 507 Palmer St

Step into your private urban oasis in the historic Lake Cherokee neighborhood, right in the heart of downtown Orlando. Nestled on a full-acre corner lot, this stunning mid-century modern ranch-style home offers the perfect blend of luxury, comfort, and convenience. Just a short walk to the Dr. Phillips Center, Lake Eola, Thornton Park, restaurants, and downtown’s vibrant business district, this one-of-a-kind property offers resort-style living at its finest. This 5-bedroom, 4.5-bath home is surrounded by mature landscaping, including majestic oak trees, making it one of Lake Cherokee’s most beautiful properties. The completely renovated chef’s kitchen features waterfall quartz countertops, an oversized Subzero refrigerator and freezer, a Dacor appliance suite with a 48-inch range, hood, and microwave, plus a Dacor four-bottle wine dispenser, two Subzero refrigerator drawers, and a dual-zone wine fridge—everything you need to entertain in style. For wine enthusiasts, the newly installed 1,300-bottle, temperature-controlled wine cellar with vintage view racks, custom flooring, and lighting sets the stage for unforgettable dinners. A dry bar with a cork countertop and integrated lighting enhances the dining experience. Integrated Sonos speakers throughout the home, including the outdoor living spaces, ensure seamless entertainment inside and out. The home features refinished original hardwood floors, complemented by a beautifully renovated living room with an expansive fireplace, quartz countertops, and built-in media storage. Start each day with serene views of swans gliding across Lake Cherokee from the luxurious primary suite. The suite includes an attached office with a built-in desk, breakfast bar, and expansive his-and-hers walk-in closets. The spa-inspired primary bath boasts a soaking tub, double shower, double vanity, and a Toto smart bidet toilet. The guest bedrooms are generously sized, each with oversized closets, while the remodeled guest bath features marble, granite, and a rain shower. The backyard feels like a secluded retreat, surrounded by mature bamboo. An outdoor kitchen, complete with a grill, ceramic searing burner, double burners, steamer, deep fryer, and wok stations, overlooks the expansive saltwater pool and spa with an outdoor shower and pool bath. The recently updated mother-in-law suite includes new floors, air conditioning, energy-efficient doors, and a gas water heater. A walkout balcony with an extended rooftop deck offers a spectacular view of Lake Cherokee. This home has undergone significant infrastructure upgrades, including complete re-piping, new insulation, outdoor lighting, and a security gate for added privacy and peace of mind. Don’t miss the chance to call this extraordinary property home—where modern luxury meets historic charm, all within walking distance of downtown Orlando’s best offerings. Schedule your private showing today!

Highlights

Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size4,434 sqft
Lot size1 Acres
Year built1949
ParkingCurb Parking, Garage Door Opener, Garage Faces Side, Guest
MLS #O6277175
Garage2 spaces
ViewPark, Water
Private poolYes

Virtual tour

Summary

  • MLS Number: O6277175
  • MLS Name: MFRMLS
  • Office Name: PARK PLACE REAL ESTATE
  • Office Phone: (407) 504-1110
  • Listing Agent: Carole Waller

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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 2/5/2025, 11:19:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front facade featuring a yard

$2,995,000

507 Palmer St

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Price information

Property sales

DateEventPrice
Jun 09, 2022
Home Sold
$2,400,000
Dec 29, 2015
Home Sold
$710,000
Oct 13, 2015
Home Sold
$850,000
Dec 01, 2004
Home Sold
$846,000

Tax history

YearAssessmentProperty Tax
2023$2,063,880$36,668
2022$757,997$13,127
2021$735,919$13,127
2020$725,758$12,937
2018$696,213$12,607
2017$681,893$12,458

History based on county public records data.

Nearby schools

9

Hillcrest Elementary School

Public Magnet PK-5

1.1 mi

1010 E Concord St

2

Pineloch Elementary School

Public District PK-5

2.3 mi

3101 Woods St

6

Orange Center Elementary School

Public Magnet PK-5

2.3 mi

621 S Texas Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $37,234. Typical income of Orlando, FL residents is less than $<35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

49%
<35k
22%
35k-100k
23%
100k-200k
6%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

79%
Single, No Kids
1%
Single, with Kids
14%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

6%
<11 yrs old
3%
12-17 yrs old
21%
18-34 yrs old
31%
35-64 yrs old
39%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Figure SkatingFigure Skating
  • Symphony or OperaSymphony or Opera

Where do the neighbors shop?

  • Chico'sChico's
  • H&MH&M
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Bob EvansBob Evans
  • Boston MarketBoston Market

What do the neighbors drive?

  • BuickBuick
  • OldsmobileOldsmobile
  • VolvoVolvo

What do the neighbors listen to?

  • Soft Adult ContemporarySoft Adult Contemporary
  • NewsNews
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

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Frequently asked questions

About 507 Palmer St

This home is located at 507 Palmer St in Orlando, FL and zip code 32801 in the Lake Cherokee neighborhood. This 4,434 square foot home, which was built in 1949, sits on a 1.00 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 3, 2025 and is currently priced at $2,995,000.

While more than 50 listings in Orlando, FL in January 2025 were sold above asking price, there were more than 104 listings sold at asking price, and more than 373 were sold below. The inventory of homes for sale in Orlando, FL between December and January 2025 increased by 7.2%. Listings spent 60 days on the market in January 2025, and had a median list price of $395,878 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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