Housing in Doctor Phillips
Doctor Phillips's housing market centers on established lakefront neighborhoods around Big Sand Lake and Little Sand Lake, with a recent median sale price that has cooled and slowed in pace over the past year.
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Learn moreA cooling market with lengthening days on market
Redfin's live snapshot cites a $638,000 median sale price, down 3.4% year over year, with price-per-square-foot ($287) up 2.5% year over year even as the overall price has softened -- days on market have lengthened from 33 to 48, suggesting a cooling market even as per-square-foot pricing holds up. A separate July 2026 figure of roughly $1.05 million reflects asking/listing prices for a newer, higher-end slice of inventory rather than the sold-price median, and is excluded here to avoid overstating the typical price.
Established lakefront neighborhoods, not new-construction subdivisions
Doctor Phillips is built around established, already-developed lakefront neighborhoods around Big Sand Lake and Little Sand Lake and golf-course frontage near the Arnold Palmer-designed Bay Hill Club & Lodge -- a different housing product than the newer master-planned subdivisions found in Lake Nona or the Horizon West growth corridor, with more mature landscaping and less new construction.
Standard Florida closing rules and 2026 exemptions apply
Standard Florida closing costs run roughly 2%-5% of the purchase price, including the state's documentary stamp tax on the deed ($0.70 per $100 of sale price, customarily seller-paid). File for the homestead exemption promptly after closing on a primary residence -- $51,411 for 2026 -- which enrolls the property in the Save Our Homes assessed-value growth cap going forward.
Key takeaways
- Median sale price runs around $638,000 (Redfin live snapshot), down 3.4% year over year, with days on market lengthening from 33 to 48 -- a cooling market even as per-square-foot pricing holds up.
- A separate $1.05M July 2026 figure reflects newer, higher-end asking prices rather than the sold-price median, and is excluded to avoid overstating the typical price.
- Housing stock centers on established lakefront neighborhoods (Big Sand Lake, Little Sand Lake) and Bay Hill golf-course frontage rather than new-construction subdivisions.
- Standard Florida closing costs (2%-5% of price) apply; the 2026 homestead exemption is $51,411.
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