2516 GRASSY POINT DRIVE UNIT 306, LAKE MARY, FL, 32746
Active4 days on marketListed Aug 6, 2026MLS #O6430643
About this home
2516 GRASSY POINT DRIVE UNIT 306
• Good-Looking and Affordable, Third-Floor LAKERONT One-Bedroom, One-Bath Condo in a Building Right on the WATER in a RESORT COMMUNITY! HOLY COW! ____ • Brand-New PAINT inside means the home even Smells New! Nice! All Brand-NEW UV-Resistant WINDOWS & SLIDING DOOR in 2023! ____ • Screened Porch Overlooks Awesome Private & Tranquil LAKEFRONT! Right Out Front of your Home is the Well-Kept COMMUNITY POOL and GYM and Mailboxes! Full-Sized LAUNDRY Room Right Off Kitchen! Bright CERAMIC TILE & Laminate Flooring with No Carpets! ____ • Your New Community is Located in the Heart of Gorgeous LAKE MARY with Fabulous Amenities and Awesome Seminole County Public Schools! Well-Manicured Grounds Shaded by OAK TREES! Enjoy a Beautiful Clubhouse, TWO Fitness Centers, TWO POOLS, 2 Tennis Courts, Car Wash, Two Electric Vehicle Charger Stations, an On-Site Laundry just a few steps away! Concierge-Service Garbage Pickup Right at Your Front Door! There is a Dock a FISHING PIER on GREENWOOD LAKE right outside your door, and at nearby Reflection Park, a COMMUNITY BOAT RAMP too! // • Ideally located Near Interstate 4, Alaqua Lakes, Seminole State College, Heathrow & the Heathrow Office Park. Less than 5 minutes to our famous Lake Mary Boulevard District that has so many Stores and Restaurants like Publix, Target, TJ Maxx, HomeGoods, Home Depot, Starbucks & Top Golf…you could live your entire life within these few square miles and never need to leave! Nice! // • Sanford International Airport is just 17 Minutes away and You Will be within a Half-Hour Drive of DOWNTOWN ORLANDO and Thornton Park, DOWNTOWN WINTER PARK, DOWNTOWN SANFORD and the Universal Studios Theme Parks! That makes EVERYWHERE in “Orlando” that you would want to be just 30 minutes away! • Condo Association Fees are only $338.77/ month consisting of $257.62/month to Regency Community, plus $14.60/mo to Master Community… There is an Additional $66.45/mo Special Assessment that will END on December 1, 2027. WATER BILL, Tra ROOF & are Included in the Condo Association Fees too! • Property is THIRD FLOOR Story of 3-Floor Building with no Elevator. Full Sized Utility Room for Washer and Dryer just off Kitchen. Max. of 2 Pets in Unit & each Must be Less than 35 lbs. Room Sizes, Schools, HOA Info and Square Footage Are Deemed Accurate, but are not Warranted. • Sought-After Schools: Longwood Elementary, Greenwood Lakes Middle School, Lake Mary High School!
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
701
Sqft
0.02 ac
Lot size
1994
Year built
One
Levels
$195
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$1,515 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,515/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−11.1%
$/sqft vs REGENCY PARK AT LAKE MARY A CONDO
$195 vs $216
Days on market
4 vs 43 typical
Where $195/sqft sits among the 14 homes for sale in REGENCY PARK AT LAKE MARY A CONDO
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lake Mary
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Mary. See the full Lake Mary guide →
The numbers that matter
The Lake Mary market
$446K → $488K
Lake Mary median sold, yr/yr
96.9%
Sale-to-list ratio (12 mo)
8 of 14
REGENCY PARK AT LAKE MARY A CONDO have cut their price
Median sold price, Lake Mary, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 68% below the Lake Mary median. See the full Lake Mary market guide →
Paper trail
This home's history
Reality check
What actually sold near 2516 GRASSY POINT DRIVE UNIT 306
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$115,000
2516 GRASSY POINT DRIVE UNIT 102 · same community
1 bd · 1 ba · 701 sqft · $164/sqft · 54 DOM
Sold · Apr ’26$110,000
2516 GRASSY POINT DRIVE UNIT 208 · same community
1 bd · 1 ba · 701 sqft · $157/sqft · 4 DOM
Sold · Mar ’26$128,900
713 SECRET HARBOR LANE UNIT 101 · same community
1 bd · 1 ba · 715 sqft · $180/sqft · 14 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Rui Ma
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 2516 GRASSY POINT DRIVE UNIT 306 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2516 GRASSY POINT DRIVE UNIT 306 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Rui's phone and CRM.
Straight answers
2516 GRASSY POINT DRIVE UNIT 306 FAQs
What would the monthly payment be for 2516 GRASSY POINT DRIVE UNIT 306?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,515/mo — principal and interest, the actual property-tax bill, the $335/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 2516 GRASSY POINT DRIVE UNIT 306?+
The association fee works out to $335 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 2516 GRASSY POINT DRIVE UNIT 306?+
The most recent tax bill on record (2025) was $1,832. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 2516 GRASSY POINT DRIVE UNIT 306?+
The listing reports pets: Breed Restrictions, Cats OK, Dogs OK, Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Lake Mary?+
At $137,000, this home is listed about 68% below the Lake Mary median of $434,250. The market section on this page shows how the area is trending.
The brief
Three things that matter here
01Under the Lake Mary market on paper
$137,000 is 68% below the Lake Mary median of $434,250, and at $195/sqft it sits under the Lake Mary average of $246.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Fresh on the market
Only 4 days on market in a Lake Mary market that averages 43 — if it fits, move quickly.
Keep looking
Similar homes nearby
Listing courtesy of RE/MAX TOWN & COUNTRY REALTY · Scott Garrison, Pa. MLS #O6430643.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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