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Overview

2 bd2 ba1,212 sqftManufactured Home
TypeManufactured Home
HOA$232.75/mo
Built1980
Lot6,698 sqft
Living area1,212 sqft
Price / sqft$181

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Eat-in KitchenLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorStorageClubhouseCommunity Mailbox

502 Timberlane CT is a 1980-built home in The Forest Ph Two - Sec One, Lake Mary. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,212 square feet of living space. Listed at $219,000 (about $181/sqft), 245 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $232.75 monthly.

From the listing

Welcome to The Forest, a true hidden gem tucked away in the heart of Lake Mary. This light, bright, and beautifully maintained 2-bedroom, 2-bath home sits peacefully on a cul-de-sac and offers the rare advantage of land ownership, making it eligible for conventional, FHA, and VA financing. Built in the 1980s, the home features an open floor plan filled with natural light. The freshly painted exterior adds instant curb appeal, complemented by a long driveway and extended covered carport. Outdoors, you’ll find a large workshop/laundry shed, plus an additional freestanding storage shed in the backyard—perfect for hobbies, tools, or extra storage. Inside, the kitchen shines with brand-new stainless steel appliances and ceramic tile flooring, opening seamlessly to the main living area. The living room flows into a charming front Florida room wrapped in windows, offering peaceful views of the surrounding natural setting—an ideal spot for morning coffee or evening relaxation. Just steps away are the community’s scenic nature trails, reinforcing the tranquil, park-like feel. Monthly HOA fees are low and include cable, internet, and trash pickup, adding to the ease of living. What truly sets The Forest apart is the lifestyle. Residents enjoy two community pools and a beautiful clubhouse with an outstanding architectural design—often described as Frank Lloyd Wright–inspired. The community building offers an impressive array of amenities, including a large gathering room, library, billiard room, poker room, resident coin laundry, craft room, and community mailboxes. Outdoor recreation abounds with shuffleboard courts, tennis courts, and pickleball courts, while a welcoming social committee hosts monthly events with a full calendar of activities such as cards, pickleball, water volleyball, bingo, and more. One of the most special features of this community is how effortlessly neighbors become friends—you’ll feel welcomed from day one. All of this is paired with an outstanding location close to I-4 and within walking distance to major shopping and restaurants. Peaceful, social, and perfectly positioned—this is Florida 55+ living at its best.

The essentials

Built
1980
Price / sqft
$181
On market
245 days
Annual tax
$581
HOA
$232.75/mo
Flood zone
X · Low risk
Lot
6,698 sqft
Type
Manufactured Home

At a glance

Manufactured home
Built 1980
Community pool
Shared amenity
6,698 sqft lot
Lot size
1,212 sqft
Living area

Payment

Est. monthly payment
$1,533/mo
Down payment (20%)
$43,800
Property taxes
$48/mo
HOA
$232.75/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Manufactured Home
Year Built
1980
Lot
6,698 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
-
Days on Market
245
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Storage
Clubhouse
Community Mailbox
Deed Restrictions
Gated Community - No Guard
Golf Carts OK
Pool
Tennis Court(s)
Street Lights
Dishwasher
Dryer
Range
Refrigerator
Washer
Flood Zone X
Annual Tax (2024)
$581
Parcel #
08-20-30-505-0000-0430

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
The Forest Ph Two - Sec One
County
Seminole
MLS Area
32746 - Lake Mary / Heathrow
Lot Size
6,698 sqft
Cul-De-SacCity LimitsLevelPaved
HOA
$232.75/mo
Bono Management - Penny Macioszek

Price history

Date
Event
Price
4/7/2026
Price change
Source: Stellar MLS #O6381320
$219,000-2.2%
$181/sqft
-
Price change
Source: Stellar MLS #O6381320
$224,000-5.9%
$185/sqft
2/10/2026
Listed for sale
Source: Stellar MLS #O6381320
$238,000
$196/sqft

Neighborhood

502 Timberlane CT
Lake Mary, FL, 32746 · 32746 - Lake Mary / Heathrow

Market insights

Offer Insights

Choose an offer strength

List price: $219,000
$217,500 – $219,000
99.1% – 100% of listTops out right at the list price
80% of listList price
104 of the last 207 home closings in 32746 landed at this number or higher (50%). The median one sat 21 days before it went under contract, and this one is on day 245 after a $19,000 cut.

Sample: 207 closed home sales in 32746 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$1,533/mo
Principal & interest$1,142
Property taxes$48
Insurance$110
HOA$233
Down payment20% · $43,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. 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

$219,000

$181 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,212 sq ft

Time on market

245 days

Year built

1980

Monthly payment

About $1,533/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $581 annual tax bill, insurance, and the $232.75/mo HOA fee.

HOA fee

$232.75/mo

Managed by Bono Management - Penny Macioszek.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byUNITED REAL ESTATE PREFERREDListing agent: Patti DuerdenListing data from Stellar MLS, MLS# O6381320.

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