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Lake Cherokee Multifamily Homes & Duplexes for Sale

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    $749,000

    • 3 Beds
    • 2 Baths
    • 1,650 Sq Ft

    505 S Eola Dr, Orlando, FL 32801

    Charming Income-Producing Home Near Lake Eola – 32801. Welcome to this beautifully maintained and versatile property, perfectly located in the heart of Downtown Orlando’s highly sought-after 32801 zip code, just steps from Lake Eola. This dual-unit multi-family residence offers excellent income potential or multi-generational living options, featuring: a spacious 2-bedroom, 1-bathroom unit on the

    Olga Petrova CHOICE ONE REALTY LLC

    505 S Eola Dr, Orlando, FL 32801
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    $679,000

    • 4 Beds
    • 2 Baths
    • 2,391 Sq Ft

    522 S Osceola Ave, Orlando, FL 32801

    Duplex in Lake Cherokee area of Orlando. Oversized lot. Separate elect meters. Unit can remain a duplex or converted to a SFR.

    Craig Kesler OPTIMA REAL ESTATE

    522 S Osceola Ave, Orlando, FL 32801

Why Live in Lake Cherokee

Lake Cherokee in Orlando is a historic neighborhood known for its century-old architecture and scenic water views. The area features Craftsman, Mediterranean, and Colonial Revival homes, reflecting its development surge in the 1920s. As one of Orlando’s six historic preservation districts, Lake Cherokee has strict regulations for home renovations, ensuring the preservation of its unique character. Homeowners can benefit from federal tax credits and city property tax exemptions for restoring historical properties. The neighborhood’s 300 homes are nestled around Lake Cherokee Park, offering serene picnic spots and shaded benches. Al Coith Park provides a half-mile jogging trail and workout stations, while cyclists can easily access downtown via the Lake Lucerne Pedestrian Bridge, less than half a mile away. Local attractions include The Wellborn, a chic restaurant and inn known for its tropical foliage and outdoor brunches. Residents are within 2 miles of the Hourglass District’s craft beer spots, the Dr. Phillips Center for the Performing Arts, and the retail centers of SoDo, which also houses the nearest hospital, Orlando Health Orlando Regional Medical Center. The neighborhood’s proximity to downtown allows easy access to events like Orlando Magic basketball games and the Immerse art festival. Students in Lake Cherokee attend highly rated schools, including Blankner School and Boone High School, with The Christ School offering a private education option. While the neighborhood is adjacent to major roadways like Orange Avenue and State Road 408, providing direct routes to downtown and the east side of Orlando, traffic noise may affect homes near these roads. The SunRail commuter train at Church Street Station and Orlando International Airport, 20 miles away, offer convenient transportation options.

Home Trends in Lake Cherokee, FL

Housing Trends

Median Sale Price
$612,500
Median Single Family Sale Price
$715,000
Median Townhouse Sale Price
$550,000
Median 2 Bedroom Sale Price
$600,000
Median 1 Bedroom Sale Price
$171,250
Average Price Per Sq Ft
$371
Number of Homes for Sale
8
Last 12 months Home Sales
16
Months of Supply
6.00
Median List Price
$737,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-23%
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