2690 E LAKE RD, KISSIMMEE, FL, 34744
$1,938,000
Residential Income
Bedrooms
6
Bathrooms
5
Living Area
3,429 Sqft
Lot Size
281,397 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRO6420498 Year Built: 1996
Construction Materials: Block, Concrete, Stucco Cooling: Central Air
Country: US County Or Parish: Osceola
Exterior Features: Garden Financial Data Source: Owner
Foundation Details: Block Heating: Electric
Laundry Features: Common Area Listing Agreement: Exclusive Agency
Listing Terms: Cash, Conventional Lot Features: Corner Lot, Oversized Lot, Private, Street Dead-End
Other Structures: Boat House, Guest House Parking Features: Boat, Covered, Oversized, RV Access/Parking
Patio And Porch Features: Deck Pets Allowed: Yes
Pool Features: In Ground Property Condition: Fixer
Property Sub Type: Duplex Property Type: Residential Income
Road Surface Type: Dirt Roof: Other
Sewer: Septic Tank Showing Requirements: Appointment Only, Call Listing Agent, Do Not Contact Tenants, No Lockbox
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Tenant Pays: Electricity
Utilities: Electricity Connected View: Garden, Pool, Trees/Woods, Water
Water Source: Well Waterfront Features: Canal Front
We love to hear from you