1545 CHERRY RIDGE DRIVE, LAKE MARY, FL, 32746
Pending110 days on marketListed Apr 18, 2026MLS #V4948540
About this home
1545 CHERRY RIDGE DRIVE
Discover an exceptional expression of luxury living in this beautifully renovated 5-bedroom, 3.5 executive style home. Located in sought-after Cherry Ridge at Heathrow situated on an impressive oversized lot! From the moment of arrival, the freshly painted exterior, mature landscape, and commanding presence create a memorable introduction. Inside, expansive living spaces unfold with an effortless elegance, enhanced by soaring ceilings, fresh paint, updated carpets, luxury vinyl plank flooring, and a light-filled layout tailored for both grand entertaining and refined everyday living. The kitchen has been tastefully refreshed with new cabinetry, featuring granite tops, delivering an beautiful centerpiece. The primary suite offers a serene retreat, highlighted by a reimagined shower, soaker tub and updated vanities that elevate the bath experience with a polished, spa-inspired feel. Beyond its aesthetic appeal, the home offers the reassurance of substantial capital improvements already completed, including the roof, HVAC system with new ductwork, and water heater. These updates provide a level of confidence and convenience that allows the next owner to simply move in and enjoy. The outdoor setting is equally compelling. A lovely screened pool and lanai create a private resort-style backdrop for entertaining, relaxing, and embracing the Florida lifestyle year-round. The oversized lot enhances both privacy and presence, offering a sense of space that is increasingly rare. Located in desirable Lake Mary/Heathrow area, residents enjoy convenient access to premier shopping, upscale dining, golf, parks, major business corridors, and top commuter routes, all while benefiting from the prestige and tranquility of an established luxury neighborhood.
Facts & features
The home at a glance
5
Bedrooms
3.5
Bathrooms
3,517
Sqft
0.49 ac
Lot size
3
Garage
2000
Year built
Two
Levels
$236
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.
$5,796 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
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
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$5,796/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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
−8.5%
$/sqft vs Lake Mary actives
$236 vs $242
Days on market
110 vs 43 typical
Where $236/sqft sits among the 160 Lake Mary actives
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 →
LAKE MARY 32746 — neighborhood snapshot
Population
45,970
Median age
43.8
Median income
$111,534
Median home value
$420,200
Avg household
2.41
Households w/ children
5,472
For the school run
Seminole County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Mary market
$446K → $488K
Lake Mary median sold, yr/yr
96.9%
Sale-to-list ratio (12 mo)
93 of 160
Lake Mary actives have cut their price
Median sold price, Lake Mary, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 110% above the LAKE MARY 32746 median. See the full Lake Mary market guide →
Paper trail
This home's history
Reality check
What actually sold near 1545 CHERRY RIDGE DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$607,000
1515 CHERRY LAKE WAY · same community
4 bd · 3 ba · 2,737 sqft · $222/sqft · 53 DOM
Sold · Jul ’26$910,000
1462 CLEARWATER COURT
4 bd · 4 ba · 3,600 sqft · $253/sqft · 0 DOM
Sold · Sep ’25$885,000
811 SHERBOURNE CIRCLE
4 bd · 3.5 ba · 3,431 sqft · $258/sqft · 63 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
John Carpenter
CFO/Broker · CENTURY 21 Edge
Tours, negotiation, and every question about 1545 CHERRY RIDGE DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1545 CHERRY RIDGE DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from John's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1545 CHERRY RIDGE DRIVE FAQs
What would the monthly payment be for 1545 CHERRY RIDGE DRIVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,796/mo — principal and interest, the actual property-tax bill, the $85/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 1545 CHERRY RIDGE DRIVE?+
The association fee works out to $85 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1545 CHERRY RIDGE DRIVE?+
The most recent tax bill on record (2024) was $9,140. 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 1545 CHERRY RIDGE DRIVE?+
The listing reports pets: 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 $829,900, this home is listed about 94% above the Lake Mary median of $427,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1545 CHERRY RIDGE DRIVE?+
Heathrow Elementary School (elementary), Markham Woods Middle School (middle), Seminole High School (high) — Seminole County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$829,900 runs 110% above the LAKE MARY 32746 median — but at 3,517 sqft it's also nearly twice the size of the typical Lake Mary listing.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Time on market is leverage
110 days on market against a Lake Mary median of 43 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Heathrow Elementary School, Markham Woods Middle School, Seminole High School — Heathrow Elementary School rates 5 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $874,900, now $829,900 — a $45K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of GLORY INTL. REAL ESTATE CO · Jennifer Clark. MLS #V4948540.
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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