About 1501 Terrace Drive
Under contract-accepting backup offers. PRIME CORNER LOT OPPORTUNITY FOR BUILDERS & INVESTORS! Unlock the potential of this nearly ¼-acre corner lot in Sanford, offering 2,000+ square feet under roof and exciting possibilities for redevelopment. The property is ready for a complete renovation and presents multiple opportunities for the right buyer. Renovate and expand the existing structure, take advantage of the generous footprint to create a larger residence, or explore the potential for multifamily use or multiple residential units, subject to zoning and City of Sanford approval. The corner lot location, ample lot size, existing structure, and potential redevelopment opportunities make this a unique opportunity for an investor, builder, or developer looking to add value. Bring your vision and transform this property into your next project! Buyers should independently verify zoning, permitted uses, density, redevelopment options, and all building requirements.
Features of 1501 Terrace Drive
| MLS® # | O6434127 |
|---|---|
| Price | $199,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,504 |
| Acres | 0.21 |
| Year Built | 1980 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Pending |
Community Information
| Address | 1501 Terrace Drive |
|---|---|
| Area | Sanford |
| Subdivision | GENEVA TERRACE AMD |
| City | SANFORD |
| County | Seminole |
| State | FL |
| Zip Code | 32773-4913 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Attic Fan, Ceiling Fan(s), Living Room/Dining Room Combo, Split Bedroom |
|---|---|
| Appliances | Electric Water Heater |
| Heating | Wall Units / Window Unit |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Awning(s) |
|---|---|
| Lot Description | Corner Lot |
| Roof | Shingle |
| Foundation | Slab |
School Information
| Elementary | Wicklow Elementary |
|---|---|
| Middle | Millennium Middle |
| High | Seminole High |
Additional Information
| Date Listed | August 20th, 2026 |
|---|---|
| Days on Market | 8 |
| Zoning | MR2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KELLER WILLIAMS REALTY AT THE PARKS |
|---|