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About this home
503 N Summerlin Ave is a 2007-built home in Cottage Way, Orlando. Inside you'll find 5 bedrooms, 4 bathrooms, and 4,230 square feet of living space. Listed at $1,499,000 (about $354/sqft), 309 days on market. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable.
Rare Gated Compound in Lake Eola Heights. Two Homes, Two Parcels, Endless Possibilities. Located at the corner of E Amelia St and N Summerlin Ave, this exceptional property spans two parcels and features two custom-built homes—perfect for creating a private estate, a live/work setup, or two high-end rentals. Built in 2007 and recognized by the National Preservation and Historic Board, “Cottage Way” includes a 2,300 sq ft Spanish Mediterranean home with soaring ceilings, travertine flooring, a wood-burning fireplace, Sub-Zero appliances, an Otis two-floor elevator, and a beautiful second-floor balcony overlooking the historic neighborhood. The second home is a charming Craftsman-style residence with a welcoming front porch, detailed interior woodwork, a brick fireplace, a spacious 400 sq ft wardrobe room, and a luxurious owner’s suite with a jacuzzi tub, multi-head shower, and built-in bar with wine fridge. A versatile loft adds even more usable space. Whether you’re seeking a luxury compound, creative workspace, or an investment opportunity with strong rental potential, this gated property offers unmatched flexibility in one of Downtown Orlando’s most desirable historic districts. A rare opportunity in Lake Eola Heights, schedule your private showing today.
The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$1,499,000
$354 per sq ft
Beds and baths
5 beds, 4 baths
Size
4,230 sq ft
Time on market
319 days
Year built
2007
Monthly payment
About $10,166/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $19,188 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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