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A lakeside gazebo and trail in the Waterford Lakes community in east Orlando, Florida

Real Estate Agent in Waterford Lakes, FL

Waterford Lakes is a master-planned community in unincorporated east Orange County, a few miles south of the University of Central Florida along Alafaya Trail, and known to most of Orlando for the open-air Town Center at SR 408. Buyers here are investors who want steady tenants from UCF and the Central Florida Research Park, and families who want an established neighborhood with sidewalks, lakes and a short drive to campus and the expressway.

Photo: WLCA1985, CC BY-SA 4.0

Alafaya Trail, SR 408 and the Town Center

Waterford Lakes sits east of Orlando in the unincorporated Alafaya area of Orange County, south of Colonial Drive (SR 50) and just off the eastern end of SR 408, the East-West Expressway. Alafaya Trail is the community’s main artery and continues north past UCF into Oviedo. The residential community began in 1985 under the name Huckleberry, was renamed Waterford Lakes in 1991 and grew into one of the largest master-planned communities in east Orange County, with more than three thousand homes under one community association, plus parks, lakes, trails and a community center. Waterford Lakes Town Center, the open-air mall next door, opened in 1999 and is the retail hub for east Orlando. Avalon Park is a short drive away, and the UCF campus and the Central Florida Research Park lie to the north.

Tenants From UCF and the Research Park

Housing in Waterford Lakes is mostly single-family homes inside the HOA, from compact three-bedroom homes to larger two-story homes backing onto the lakes, with townhomes and condos in the surrounding Alafaya area. UCF, one of the largest universities in the country by enrollment, sits a few miles north, and the Central Florida Research Park beside it houses military simulation and training commands and the defense contractors that work with them, so tenants include graduate students and faculty as well as engineers on long contracts. AdventHealth East Orlando on Lake Underhill Road adds medical staff. Leasing is governed by the community association’s covenants as well as Orange County rules, and short-term rentals in particular are often restricted in HOA communities, so confirm the current rules before you buy.

Living in East Orlando

Waterford Lakes works for commuters because SR 408 starts a short distance away and runs straight into downtown Orlando, and its interchange with SR 417 connects south to Orlando International Airport and Lake Nona and north to Oviedo, Winter Springs and Sanford. Colonial Drive (SR 50) is the free east-west route, and Alafaya Trail handles trips to UCF and Oviedo. Most daily errands happen without leaving the area: the Town Center, the shops along Alafaya Trail and the community’s own parks, courts and trails. AdventHealth East Orlando handles emergency care. The neighborhood draws young families, UCF employees and people relocating from out of state who want a known quantity rather than a brand-new subdivision on the fringe. Schools are among the first questions from families, and we go through the zoning for each home with you instead of quoting ratings.

Explore Homes in Waterford Lakes

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Frequently Asked Questions

Is Waterford Lakes a good area for a rental property?

It is one of the more consistent rental areas in east Orlando because the tenant base does not depend on a single employer: UCF, the Research Park contractors, the hospital and the retail at the Town Center all feed it. Homes inside the Waterford Lakes HOA are subject to its leasing covenants, so Diana reads them before you offer. Expect competition from other investors on well-priced homes.

Is Waterford Lakes part of Orlando?

Not formally. Waterford Lakes is an unincorporated community in Orange County with an Orlando mailing address and the 32828 ZIP code, which means county government handles permits, zoning and short-term rental rules rather than the City of Orlando. For buyers that mostly affects the tax rate and which ordinances apply. The Waterford Lakes Community Association runs the neighborhood itself, including the amenities and architectural rules.

How close is Waterford Lakes to UCF?

The Town Center sits a few miles south of the main campus on Alafaya Trail, and the residential community is right beside it, so campus is a straight drive north with no expressway needed. That proximity is why many UCF faculty, staff and graduate students rent or buy here rather than in the student apartments at the campus gate. Oviedo, just past UCF, is the other neighborhood they compare.

Thinking about Central Florida, as an investment or as home? Let’s talk, in English or Spanish.

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