$440,000
$40K PRICE DROP

Estimated payment $2,515/month

Total Views 3,191
1.24 Acres
$354,839 Price per Acre
54,014 Sq Ft Lot

About This Lot

Attention builders, developers, and investors! This high and dry vacant lot presents a rare opportunity for multi-family development in one of Orlando’s most desirable locations. Zoned R-3 (Multi-Family Residential), this expansive parcel allows for 10+ units and offers the potential for re-zoning with Orange County approval. Ideally situated near The Florida Mall, Orlando International Airport, The Mall at Millenia, I-4, major highways, parks, and top entertainment destinations, this prime location ensures high rental demand and strong appreciation potential. With Orlando’s booming population growth and an increasing need for multi-family housing, this property is perfect for developing apartments, townhomes, or a condo project. The opportunities are endless for those looking to capitalize on Central Florida’s thriving real estate market. Don’t miss out on this exceptional investment opportunity—contact us today for zoning details and development options!

Listing Agent

Dominick Florio

RE/MAX TOWN & COUNTRY REALTY Brokerage Phone: 407-695-2066 License #3323135

RE/MAX TOWN & COUNTRY REALTY

Co-Listing Agent

Sophie Leene

RE/MAX TOWN & COUNTRY REALTY Brokerage Phone: 407-695-2066 License #3619723

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $773

Lot Details

  • 1.24 Acre Lot
  • Lot Dimensions are 318 x 170
  • North Facing Home
  • Level Lot
  • Property is zoned ORG-R-3

Community Details

  • Property has a Home Owners Association
  • Prosper Colony Condos
  • Prosper Colony Subdivision

Listing and Financial Details

  • Legal Lot and Block 001 / 39
  • Assessor Parcel Number 22-23-29-7268-39001

Property Details

Property Type

Land

Est. Annual Taxes

$773

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 1.24
  • Lot Size Sq Ft: 54047
  • Directions to Property: From I-4W, Use the right 2 lanes to take exit 80 for US-17 S/US-92 W/US-441 S/Orange Blossom Tr, Merge onto US-17 S/US-441 S/US-92 W/S Orange Blossom Trail/S Orange Blossom Trl,, turn right onto Rose Blvd, Turn left onto Rio Grande Ave, Turn right onto Wakulla Way, The property will be on your left.
  • Status: Active
  • Co List Office Mls Id: MFR54321
  • Co List Office Phone: 407-695-2066
  • Ownership: Fee Simple
  • Escrow City: Winter Park
  • Escrow Postal Code: 32789
  • Escrow State: FL
  • Escrow Street Name: Louisiana Ave, suite 107
  • Escrow Street Number: 1155
  • List Office Head Office Key Nume: 1050539
  • RATIO Current Price By Calculate: 8.14
  • Total Acreage: 1 to less than 2
  • Water Access YN: 0
  • Attribution Contact: 407-695-2066
  • Tax Year: 2024
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1726

Exterior Features

  • Direction Faces: North
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Price Per Acre: 354839

Utilities

  • Utilities: Electrical Nearby, Water Nearby
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Association: Yes
  • Association 2 YN: 0
  • Complex Community Name Nccb: PROSPER COLONY
  • Association Fee Requirement: Optional

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: ORG-R-3
  • Parcel Number: 22-23-29-7268-39001
  • Additional Parcels: No
  • Current Use: Unimproved
  • Lot Features: In County, Level, Paved
  • Lot Dimensions: 318 x 170
  • Flood Zone Code: X
  • Lot Size Square Meters: 5021
  • State Land Use Code: 0
  • State Property Use Code: 0

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 773
  • Tax Block: 39
  • Tax Book Number: D/109
  • Tax Lot: 001

Map

Range of Values:

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ICE

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Price Changed $440,000 -2.2% --
03/28/2025 03/28/25 Price Changed $450,000 0.0% --
03/28/2025 03/28/25 For Sale $450,000 -6.3% --
02/05/2025 02/05/25 Pending -- -- --
01/30/2025 01/30/25 For Sale $480,000 -- --
Source: Stellar MLS

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Source: Stellar MLS

MLS Number: O6275770

Stellar MLS