1114 Francisco Way, Winter Springs, FL 32708

Opportunity in Winter Springs: A Charming Home in a Desirable Community!

Asking Price: $274,990

Here’s a fantastic chance to own a 3-bedroom, 2-bathroom single-family home at 1114 Francisco Way, Winter Springs, FL 32708. Built in 1988, this 1,478 sqft residence offers comfortable living in a highly sought-after Central Florida community. With an estimated refinance payment of $2,866/mo, this property is a compelling option for those looking to buy in a market known for its safety and quality of life.

Key Features & Market Insights:

• Desirable Winter Springs Location: Winter Springs is an upscale community in Seminole County, renowned for its beautiful homes, well-maintained common areas, and high quality of life. It offers a blend of small-town charm with easy access to Orlando’s amenities.
• Strong Community & Amenities: Residents enjoy a vibrant, active community with a charming downtown area on Lake Jesup, numerous parks, golf venues (like Tuscawilla Country Club), and trails. There’s a strong sense of community, with local events like the Winter Springs Festival of the Arts and Scottish Highland Games. The city is also praised for its commitment to conservation and public safety.
• Highly Rated Schools: Winter Springs is part of Seminole County Public Schools, which includes well-regarded institutions. Assigned schools for this address are:
  • Rainbow Elementary School (PreK-5, 10/10 GreatSchools Rating, 0.2 mi away) – This is an exceptionally highly-rated elementary school, a major plus for families.
  • Indian Trails Middle School (6-8, 5/10 GreatSchools Rating, 2.3 mi away)
  • Oviedo High School (9-12, 8/10 GreatSchools Rating, 2.6 mi away) – Another highly-rated school, demonstrating strong educational opportunities.
• Seller’s Market (with some nuances): Winter Springs is currently a Seller’s Market, meaning homes tend to sell relatively quickly.
  • The median sold price for all homes in Winter Springs was $420,388 in May 2025, down 2.1% from last year.
  • For 3-bedroom homes, the median sold price decreased by 2.4% year-over-year to $385,500. This property’s asking price of $274,990 is significantly below this median, representing a strong value proposition, even considering its square footage relative to the median.
  • Approximately 59.2% of homes in Winter Springs sold below asking price last month, suggesting that while it’s a seller’s market, there’s still potential for negotiation for buyers.
  • Homes typically sell after 53 days on the market, an increase from last year, giving buyers a bit more time.
• Recent Sales & Property History: This home has seen significant price changes recently, indicating a dynamic market. It last sold for $440,000 in November 2024, and prior to that for $407,000 in March 2023 and $275,000 in November 2022. The current asking price of $274,990 suggests it’s being offered at a similar price to its November 2022 sale, which could be a very attractive point for buyers given recent market appreciation for 3-bedroom homes in the area.
• No HOA Fees: Public records explicitly state “HOA: No” for this property (and $0.00 total monthly fees), which is a significant advantage, reducing recurring ownership costs.
• Property Taxes: The property taxes for 2024 were $4,263 on an assessed value of $335,151. Buyers should anticipate similar annual tax costs.
• Solid 1988 Construction: Built in 1988, the home is relatively modern and features a composition shingle roof, cinder block/stucco exterior, central air, and an attached 2-car garage. Recent listings (from 2023) mentioned a NEW ROOF, NEW WATER HEATER, NEW A/C UNIT, NEW VINYL FLOORING, NEW LIGHT FIXTURES, BRAND NEW KITCHEN, and FRESHLY PAINTED INTERIOR AND EXTERIOR, indicating significant updates.

Winter Springs Lifestyle & Community:

• Safety: Winter Springs is noted for its low crime rate. Crime rates decreased by 5% compared to last year, and the area ranks 7/10 in overall safety compared to other neighborhoods. Residents generally feel “very safe” (54%) or “pretty safe” (44%), with police being “very visible and very responsive.”
• Family-Friendly: With highly-rated schools and a focus on community activities and parks, Winter Springs is a very appealing location for families.
• Walkability & Public Transit: The property is on a paved road with sidewalks, and near public transit.

Important Considerations:

• Estimated Refinance Payment: While the estimated refinance payment is $2,866/mo, buyers should confirm all current interest rates, insurance costs, and property taxes to get a precise monthly estimate.
• Climate Risks: Winter Springs faces an “Extreme” Heat Factor (7 days above 108°F this year) and an “Extreme” Wind Factor (extreme risk of severe winds over the next 30 years). Buyers should ensure their homeowner’s insurance adequately covers potential wind damage from tropical storms or hurricanes.
• Flood Zone X (Minimal Risk): While not explicitly stated for this address in the provided snippets, many areas of Winter Springs are in Flood Zone X, indicating a minimal flood risk. This is a positive, as flood insurance would likely not be mandatory by lenders. Buyers should, however, always verify the official FEMA Flood Map Service Center (MSC) for 1114 Francisco Way to confirm the exact flood zone designation.

This home at 1114 Francisco Way offers an exceptional opportunity to acquire a well-maintained and recently updated single-family home in one of Central Florida’s most desirable and family-friendly communities. Its attractive price point, coupled with highly-rated schools and a safe environment, makes it a compelling option for both homeowners and investors.

Priced at $274,990 – don’t miss out on this opportunity in Winter Springs! Schedule your private showing today.