2690 E Lake Road , Kissimmee, FL 34744

$1,938,000
  • 2690 E Lake Road , Kissimmee, FL 34744 Main Photo

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New to the Market Active
BEDS6 BATHS SQUARE FEET3,429 MLS#O6420498
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONACREAGE & UNREC

Property Description

Rare 6.46-Acre Waterfront Development Opportunity on East Lake TohopekaligaAn 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 roadwaysOpportunities of this scale, location, and potential are exceptionally rare in Central Florida.

2690 E Lake Road | MLS# O6420498

This multi-family property located at 2690 E Lake Road , Kissimmee, FL 34744 is currently listed for sale with an asking price of $1,938,000. Search Kissimmee real estate on www.floridaexecutiverealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 4
Heating: Electric
Lot Size: 6.46 Acres
Roof Type: Other
Taxes: $8,828
Year Built: 1996

Amenities

Ceiling Fans(s)
Garden

Feature Descriptions

Annual Net Income: 30000.00
Directions: Follow FL-417 N to State Hwy 527A/Boggy Creek Rd. Take exit 17B from FL-417 N. Continue on Boggy Creek Rd. Drive to E Lake Rd in Osceola County, Turn right onto State Hwy 527A/Boggy Creek Rd, Turn right onto Nele Rd, Nele Rd turns right and becomes Sharpe
Exterior: Block, Concrete, Stucco
Flood Zone Code: AE
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Corner Lot, Oversized Lot, Private, Street Dead-End
Lot Dimensions: 6.46
Other Structures: Boat House, Guest House
Ownership: Fee Simple
Parking: Boat, Covered, Oversized, RV Access/Parking
Parking Notes: Boat, Covered, Oversized, RV Access/Parking
Patio/Porch: Deck
Pets Allowed: Yes
Pool: In Ground
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Septic Tank
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants, No Lockbox
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Utilities: Electricity Connected
Water: Well
Water Access: Canal - Freshwater, Lake
Water Access Y/N: Yes
Waterfront Features: Canal Front, Boat Ramp - Private
Water View: Canal, Lake
Zoning: R-1M

Local Schools

High School: Tohopekaliga High School
Middle School: Narcoossee Middle
Elementary School: East Lake Elem

Listed By / Shown By

Listed By

Agency Name: REALTY ONE GROUP INSPIRATION
Agency Contact: 321-233-2300

Shown By

Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500

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Estimated Payment

$ 5,614.06 per month $4,313.15 Principal & Interest $735.67 Property Tax $565.25 Homeowner's Insurance

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