Listing Details for MLS # O6317757
640 S Lake Formosa Drive, Orlando, Fl 32803

Residential Property - Single Family Residence in Orlando

Listing Price: $1,099,000Days on Market: 2

Description of Property

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.The average asking price for a 4 bedroom/4 bath single family residence in this Zip code is $1,731,150. This single family residence is listed at about 63% of the average asking price. There are 3 4 bedroom/4 bath homes between $800,000 and $1,400,000 currently listed for sale in this Zip code. See other listings like this one »