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Marina Bay Estates, Windermere: Where Lake Down Frontage Sets the Price
Marina Bay Estates is a Town of Windermere community of 29 homes on acre lots, built mostly in the mid-1980s, and its 11 Lake Down homes carry county values nearly three times those of its off-lake homes.
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Buying or Selling in Marina Bay Estates
Marina Bay Estates, often searched as Marina Bay, Windermere, sits on Clipper Court, Schooner Way and Whaler Way. Its homes for sale are mostly mid-1980s homes on acre lots inside the Town. The lakefront and off-lake homes are effectively two markets. Our Lake Down guide covers the lake's other plats.
Marina Bay Estates, House by House
County records show 29 homes built from 1966 to 2008, but half were built between 1985 and 1988, and 24 date from before 1990. Lots are a median 1.02 acres. The median house has 3,557 square feet of living area. All 29 homes are inside Town limits, 28 have pools and 23 carry a homestead exemption.
- On Lake Down: 11 homes, median lot 1.78 acres, about 3,700 square feet, median $1,830,570, about $502 of county value per square foot.
- Across the street from the lake: 18 homes on one-acre lots, about 3,400 square feet, median $636,295, about $199 per square foot.
Same Houses, Different Water
The lakefront and off-lake homes here were built in the same years at similar sizes. Lake Down frontage, on the Butler Chain, is what separates them, by more than $1.1 million at the median. For buyers, an off-lake Marina Bay home is a way into an acre inside the Town at a low value; a lakefront one is a chain-frontage purchase first. Our agents confirm frontage on county maps, ask for dock permits and the survey, and compare each home only with sales on its own side of the street.
Mid-1980s Homes
Most houses are about 40 years old, so we help you plan inspections and, for lakefront lots, compare renovating with rebuilding under the Town's permitting rules.
Marina Bay Estates on the Tax Roll and Flood Map
Inside the Town, the 2025 millage is 15.4839, so a buyer's property tax before exemptions ranges widely, roughly $9,500 to $25,000 a year for the middle half of homes, because lakefront and off-lake values differ so much. Eleven of the 12 lots touching a FEMA special flood hazard area are on Lake Down. For school assignment, the address goes into Find My School.
What Marina Bay Owners Should Know Before Listing
Sales are few: four homes show a most recent recorded sale from 2022 through 2026, three of them on the lake. We price lakefront homes from Lake Down sales here and in nearby plats, and off-lake homes from acre-lot sales in the Town.
Also see Harbor Isle and the Windermere neighborhood comparison.
The Own Luxury Homes® Perspective
In Marina Bay Estates, Lake Down frontage nearly triples the value of the same kind of house.
Marina Bay Estates' lakefront and off-lake homes were built in the same years at similar sizes, yet the 11 Lake Down homes carry a median 2026 county value of $1,830,570 and the 18 off-lake homes $636,295. Per square foot of living area, that's about $502 against $199.
Here, the water is almost the whole price difference. If you want the Town and an acre without chain frontage, the off-lake homes are among the lowest-valued acre lots in the Town; if you're selling on the lake, price from Lake Down frontage, not from the community median.
Marina Bay Estates Questions
Is Marina Bay Estates in the Town of Windermere?
Yes. All 29 homes are inside Town limits.
How many Marina Bay homes are on Lake Down?
Eleven, according to county maps.
When were Marina Bay Estates homes built?
From 1966 to 2008, with half built between 1985 and 1988.
A Private, More Intentional Beginning
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Discuss your goals, the property, the market, and the questions that will help you decide how to proceed.
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Sources:
Orange County GIS, parcel data (2026 tax roll); Orange County GIS, recorded subdivision plats; Orange County GIS, hydrology (lakes); Orange County Water Atlas, Butler Chain of Lakes; Orange County Property Appraiser, 2025 final millage rates; Orange County GIS, FEMA flood zones; Orange County Public Schools, Find My School. Checked October 2026.
Figures: homes with a Windermere site address outside the Horizon West planning boundary, from Orange County parcel data; values are county just values on the 2026 tax roll, not sale prices; medians. Tax estimates multiply each home's 2026 county just value by the 2025 final millage for its tax district, before exemptions and non-ad valorem assessments, and are rounded. Flood counts are homes with at least 1% of the lot in a FEMA special flood hazard area (zones A, AE or AH) on the county's FEMA layer.
Reviewed by Ryan Brown, Licensed Real Estate Broker and CEO, Own Luxury Homes®