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$ 1,950,000
Est. payment | /mo
11.5 Acres Lot
$ 1,950,000
Est. payment | /mo
11.5 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved
Listing Status Active
Purchase Type For Sale
MLS Listing ID S5037363
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $1,006
Lot Size 11.500 Acres
Acres 11.5
Lot Dimensions 667x784x664x729
Property Description
Very Exciting Hot Growth Area! Solid gold location on (545) Avalon Road! Only 2 miles from Walt Disney World properties! High Traffic Counts! Other similar size lots in the area have been rezoned successfully through Orange County Planning & Zoning for Multi-family use. This lot, per tax roll, is 11.5 acres giving you a solid 2 acres of upland to build on (Ask about a concept for a high rise condo building plan already drafted) and 9.5 acres of beautiful Lake Oliver which could be perfect for a boardwalk lining the shore, a restaurant, shops, a community pool and a large condo building (depending on the investors budget and Orange County rezoning approval how many units and how high) the investor could do. Upon request, a sketch drawing of this concept is available. There is about 667 ft of Avalon Road (545) frontage with an estimated 7,000 cars per day, which could be perfect for commercial mix use and multifamily condo units for the front portion of this lot, if rezoned. Please reach out for an unbranded property presentation and approved application process for rezoning. Let's explore the highest and best use for this property with your investor’s vision! It's only 1.3 miles up from Highway 192 (60,000 cars per day) on Avalon Road in Winter Garden from the main center of all the Disney World attractions and vacation/residential districts. Main roads: 545, 192, 429, I-4, and 27! Recent and current developments by major/national builders in the immediate area include some of the following projects but not limited to: The Grove Orlando Resort has 878 Condo/Hotel Units, Palisades Orlando Resort - 890 Condo units, Orange Lake has 3,400 timeshare units and golf course, Storey Lake has over 300-400 homes and townhomes near by, Encore at Ovation has their first phase of 140 homes going up off Fleming, The Grand At Westside has 336 units, Flamingo Crossing with 3 hotels going up and shopping/restaurants, Horizons West community thousands of homes and new shopping centers, Disney Springs and all the Disney World resorts and properties. Many restaurants, and shopping in the area! Opportunity is here for the right investor either local or global! Perfect, if you wish to buy and hold! Buyer must confirm all information regarding the property during their due diligence period. All information provided here is to be provided as estimates, and as a part of ongoing research investigating the best and highest use for this property in combination with the current and surrounding areas. There is a mobile home on the property with water and electricity but we are selling the property as vacant land. Owner occupied. Please do not go to the site without the listing agent. 2 parcels being sold together.
Location
State FL
County Orange
Zoning A-1
Exterior
Fence Boundary Fencing
Utilities Available Electricity Available, Public, Sewer Available, Telephone Nearby, Water Connected
Waterfront Description Lake
View Y/N Yes
Water Access Yes
Water Access Desc Lake
Building
Lot Description In County, Room For Pool, Wooded
Lot Size Range 10 to less than 20
Sewer Septic Tank
Water Private
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by KELLER WILLIAMS REALTY AT THE PARKS
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Donna DeMeglio
REALTOR® | Lic# BK3009304