About This Home
This 6-bedroom, 5-bathroom multi-family at 2690 E LAKE Road in Kissimmee, FL is listed for $1,938,000 ($565 per sqft). Built in 1996, the home offers 3,429 sqft of living space on a 6.46 acres lot.
Key Features
- Built in 1996
- 6.46 acre lot
- Private pool
- Waterfront
Property Details
Amenities
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 par
cel, 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 - Poten
tial 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.
Monthly Cost Estimate
$10,365/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2690 E LAKE Road
Kissimmee, FL 34744
ACREAGE & UNREC
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Views
Pool Features
Parking
Heating
Cooling
Questions & Answers
This 6-bedroom, 5-bathroom multi-family at 2690 E LAKE Road is listed at $1,938,000 ($565/sqft). The estimated monthly payment is $10,365 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1996, 6.46 acre lot, Private pool, Waterfront. Interior Features: Ceiling Fans(s). Exterior Features: Garden.
This property is listed by Abdul Shabir and can be reached at 4076977340.