$1,099,000

640 S Lake Formosa Dr Orlando, FL 32803

$10,000
Closing credit¹
4 beds
4 full, 1 partial
2,889 sqft
0.2 acres
$380 / sqft
House

Property details

About 640 S Lake Formosa Dr

Priced $100,000 below recent appraisal! Welcome to a rare (main home+guest house) waterfront Sanctuary in the Heart of Orlando. This is far from your average home—it's a hidden gem tucked away on one of the most distinctive pieces of property in Central Florida. Perfectly positioned on a private, peninsula-like lot, this residence offers breathtaking, wraparound views of Lake Formosa, creating a sense of peaceful seclusion while still being in the center of everything. As you arrive, a meticulously manicured landscape greets you, setting the tone for what lies within. Lush greenery and curated gardens offer a warm welcome, while the serene sound of water nearby hints at the natural beauty that surrounds the property. Step inside the main home, a thoughtfully designed 3-bedroom, 3.5-bath (2,313 sq ft) retreat that blends elegance and comfort effortlessly. High ceilings and expansive windows flood each room with natural light and, of course, those unobstructed lake views. Every space tells a story—from the luxurious home theatre where you can lose yourself in your favorite films, to the cozy lounge and wine room perfect for quiet evenings or vibrant entertaining. One of the bedrooms has been expertly converted into a fully built-in, high-end home office with custom cabinetry and abundant storage—ideal for remote work or creative pursuits in a truly inspiring setting. The detached two-car garage is an exceptional feature in its own right. Outfitted with custom epoxy flooring, fully finished drywall, a spacious workshop, additional storage, and its own dedicated air conditioning system, it's both practical and impressive. Above the garage, a private 1-bedroom, 1-bath 576 sq ft guest suite serves as an ideal space for visitors or as a high-demand rental unit that can generate significant monthly income. Designed for both daily living and exceptional entertaining, the home’s layout flows seamlessly from indoor luxury to outdoor beauty. The entire backyard is transformed into a sprawling composite deck, offering multiple lounge areas, dining spaces, and panoramic water views. Whether you’re hosting weekend gatherings or enjoying a quiet morning coffee as the mist rises from the lake, the setting is nothing short of magical. And then there's the location—arguably the best feature of all. Launch a kayak or paddleboard from your own backyard and explore interconnected lakes including Lake Rowena and Lake Sue. Nestled perfectly between Winter Park, College Park, and Downtown Orlando, you're at the crossroads of convenience and culture. Just a short stroll from your doorstep, enjoy the city's best: The Mennello Museum of American Art, Orlando Science Center, Harriet’s Orlando Ballet Centre, and the Orlando Museum of Art. For daily needs, The Fresh Market at Mills offers premium grocery options just minutes away. Food lovers will delight in being surrounded by an ever-evolving culinary scene. Walk to a vibrant array of unique restaurants, local breweries, and cozy cafés. Hotspots like the Food Hall at The Yard, Pinery Restaurant, and the recently announced Ivanhoe Rooftop Bar & Restaurant are just around the corner. All of this—set within a quiet, intimate neighborhood that somehow manages to feel both tucked away and right in the middle of it all. This is more than a home—it’s a lifestyle. A place to relax, create, explore, entertain, and live fully, surrounded by natural beauty and urban excitement. Opportunities like this are rare.

Highlights

Home typeSingle Family Residence
HeatingElectric
StatusActive
CoolingCentral Air
Size2,889 sqft
Lot size0.23 Acres
Year built1946
ParkingGarage Faces Side
MLS #O6317757
Garage2 spaces
ViewWater

Virtual tour

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Wine Cooler
  • Flooring Type: Tile, Wood
  • Interior: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, PrimaryBedroom Upstairs, Walk-In Closet(s), Wet Bar
  • Total Bedroom Count: 4
  • Garage Space: 2 spaces
  • Attached Garage: No
  • Private Pool: No
  • Parking: Garage Faces Side
  • View: Water
  • Exterior: Courtyard, French Doors, Rain Gutters, Sidewalk
  • Heating: Electric
  • Cooling: Central Air
  • List Price: $1,099,000
  • Price/SqFt: $380
  • HOA Amount: $0
  • Annual Tax Amount: $12,476
  • Tax Year: 2023
  • Lot: City Lot, Irregular Lot, Landscaped, Sidewalk, Bricked Street, Paved
  • Directions: From Virginia Drive, turn down Ferris Ave, left onto S Lake Formosa. Home on left hand side.
  • Year Built: 1946
  • Stories: 2
  • Living Area: 2,889 SqFt
  • Lot Size: 0.23 Acres
  • MLS Number: O6317757
  • MLS Name: MFRMLS
  • Office Name: MAINFRAME REAL ESTATE
  • Office Phone: (407) 513-4257
  • Listing Agent: Justin Dalrymple, LLC

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/16/2025, 3:34:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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640 S Lake Formosa Dr, Orlando, FL 32803 - view of front of home with a garage, a balcony, stucco siding, and driveway

$1,099,000

640 S Lake Formosa Dr

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Oct 06, 2021
Home Sold
$860,000
Apr 09, 2012
Home Sold
$470,000
Aug 19, 2004
Home Sold
$399,900

Tax history

YearAssessmentProperty Tax
2023$724,345$12,476
2022$703,248$12,135
2021$424,510$12,135
2020$418,649$7,203
2018$401,606$7,006
2017$393,346$6,917

History based on county public records data.

Nearby schools

8

Princeton Elementary School

Public District KG-5

1.0 mi

311 W Princeton St

9

Hillcrest Elementary School

Public Magnet PK-5

1.2 mi

1010 E Concord St

8

Panther Lake Elementary School

Public District KG-5

1.5 mi

445 W Amelia St

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 $69,257. The most common annual income of people living in Orlando, FL is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

33%
<35k
38%
35k-100k
29%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

69%
Single, No Kids
4%
Single, with Kids
20%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

7%
<11 yrs old
3%
12-17 yrs old
29%
18-34 yrs old
51%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Yoga/pilatesYoga/pilates
  • NBA/WNBANBA/WNBA

Where do the neighbors shop?

  • Banana RepublicBanana Republic
  • H&MH&M
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • SonicSonic
  • Dominos PizzaDominos Pizza
  • StarbucksStarbucks

What do the neighbors drive?

  • InfinitiInfiniti
  • AudiAudi
  • PontiacPontiac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • AlternativeAlternative
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 640 S Lake Formosa Dr

The listing price of 640 S Lake Formosa Dr property is $1,099,000.

The property 640 S Lake Formosa Dr is a house located in Orlando, Florida, 32803.

Active Listing: 640 S Lake Formosa Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 640 S Lake Formosa Dr are: Princeton Elementary School (GreatSchools Rating 8/10), Hillcrest Elementary School (GreatSchools Rating 9/10), Panther Lake Elementary School (GreatSchools Rating 8/10), Orlando Gifted Academy (GreatSchools Rating 10/10), Audubon Park School (GreatSchools Rating 9/10), Howard Middle School (GreatSchools Rating 8/10), Edgewater High School (GreatSchools Rating 4/10), Central Florida Leadership Academy Charter (GreatSchools Rating 4/10), Ocvs Virtual Franchise (GreatSchools Rating 6/10).

According to the records, the last property tax for 2023 is $12,476 (source: MLS/based on county public records data).

The last sale was on October 6, 2021 for $860,000 (source: MLS/tax record).

The property at 640 S Lake Formosa Dr has 4 bedrooms and 4 full and 1 half bathrooms.

The property 640 S Lake Formosa Dr is 2,889 SqFt (source: MLS/tax record).

The year of construction for 640 S Lake Formosa Dr is 1946.

This home is located at 640 S Lake Formosa Dr in Orlando, FL and zip code 32803 in the Lake Formosa neighborhood. This 2,889 square foot home, which was built in 1946, sits on a 0.23 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $1,099,000.

Orlando, FL housing market in May 2025 saw over 103 listings sold above listed price, more than 200 sold at listed price and over 532 sold below. The number of homes for sale in Orlando, FL increased by 4% between April and May 2025. In May 2025, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $396,405.

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

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