2690 E LAKE RD Kissimmee, FL 34744
6 Beds
5 Baths
3,429 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,429 sqft
Price per Sqft $565
Subdivision Acreage & Unrec
MLS Listing ID O6420498
Bedrooms 6
Construction Status Fixer
HOA Y/N No
Year Built 1996
Annual Tax Amount $8,828
Lot Size 6.460 Acres
Acres 6.46
Property Sub-Type Duplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Osceola
Community Acreage & Unrec
Area 34744 - Kissimmee
Zoning R-1M
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Central Air
Fireplace false
Laundry Common Area
Exterior
Exterior Feature Garden
Parking Features Boat, Covered, Oversized, RV Access/Parking
Garage Spaces 4.0
Pool In Ground
Utilities Available Electricity Connected
Waterfront Description Canal Front
View Y/N Yes
Water Access Yes
Water Access Desc Canal - Freshwater,Lake
View Garden, Pool, Trees/Woods, Water
Roof Type Other
Porch Deck
Attached Garage false
Garage true
Private Pool Yes
Building
Lot Description Corner Lot, Oversized Lot, Private, Street Dead-End
Foundation Block
Lot Size Range 5 to less than 10
Sewer Septic Tank
Water Well
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Fixer
Schools
Elementary Schools East Lake Elem
Middle Schools Narcoossee Middle
High Schools Tohopekaliga High School
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6420498
