2690 E Lake Road, Kissimmee, FL 34744
- $1,938,000
- 6
- BD
- 5
- BA
- 3,429
- SqFt
- List Price
- $1,938,000
- Status
- Active
- Days on Market
- 32
- MLS#
- O6420498
- Property Style
- Duplex
- Year Built
- 1996
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 3,429
- Lot Size
- 281,397
- Acres
- 6.46
- Total Acreage
- 5 to less than 10
- Legal Subdivision Name
- Acreage & Unrec
- MLS Area Major
- Kissimmee
Property Description
Rare 6.46-Acre Waterfront Development Opportunity on East Lake Tohopekaliga An exceptional opportunity to acquire 6.46± acres of waterfront property in one of Central Florida's fastest-growing areas. This offering includes two parcels totaling approximately 6.46 acres, consisting of a 2.66-acre improved parcel and an adjacent 3.80-acre vacant parcel, providing incredible flexibility for investors, developers, builders, or those seeking a private waterfront estate. The improved parcel currently features multiple residential units that generate approximately $30,000 in annual rental income, with the opportunity to increase income by approximately $18,000 annually through leasing the remaining units. Generate cash flow while planning your future vision. The true value of this property lies in its land, location, and development potential. With expansive frontage, mature oak trees, and direct access to beautiful East Lake Tohopekaliga, this is a rare opportunity to create a luxury waterfront enclave or private family compound. Preliminary concepts may allow for multiple estate-sized homes with guest houses, subject to county approvals and buyer due diligence. Located just minutes from Lake Nona, Medical City, Orlando International Airport, major highways, shopping, and dining, properties of this size with waterfront acreage are becoming increasingly difficult to find. Property Highlights • 6.46± acres across two parcels • 2.66-acre improved parcel • 3.80-acre adjacent vacant parcel • Direct waterfront location on East Lake Tohopekaliga • Existing income-producing improvements • Approximately $30,000 annual rental income with additional upside • Excellent investment, redevelopment, or estate opportunity • Potential for future subdivision or luxury estate development (subject to county approval) • Minutes from Lake Nona, Medical City, Orlando International Airport, and major roadways Opportunities of this scale, location, and potential are exceptionally rare in Central Florida.
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Additional Information
- Location
- Corner Lot, Oversized Lot, Private, Street Dead-End
- Community Features
- No Deed Restriction
- Property Description
- End Unit
- Zoning
- R-1M
- Interior Layout
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Utilities
- Electricity Connected
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Concrete, Stucco
- Exterior Features
- Garden
- Roof
- Other
- Foundation
- Block
- Pool
- Private
- Pool Type
- In Ground
- Garage Carport
- 2 Car Carport, 4 Car Garage
- Garage Spaces
- 4
- Garage Features
- Boat, Covered, Oversized, RV Access/Parking
- Elementary School
- East Lake Elem
- Middle School
- Narcoossee Middle
- High School
- Tohopekaliga High School
- Water Extras
- Boat Ramp - Private
- Water View
- Canal, Lake
- Water Access
- Canal - Freshwater, Lake
- Water Frontage
- Canal Front
- Pets
- Allowed
- Flood Zone Code
- AE
Listing courtesy of REALTY ONE GROUP INSPIRATION. Contact: 321-233-2300
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