Prime commercial land available for sale! This 2.67-acre lot is situated on the hard corner of Hwy 50 (E Colonial Dr) & Lake Downey Dr in Orlando, offering exceptional visibility and access. With the flexibility for outparcel, build-to-suit, and ground lease options, this property presents a unique opportunity for development. Positioned between the bustling Dean and Rouse Rd intersections and less than 1.5 miles from the 408 to the East & less than 1.5 miles from the 417 to the West. Minutes From UCF and Valencia College. Over 50,500 +/- daily traffic counts with 325'+/- of road frontage on busy Hwy 50 (E Colonial Dr).
Property Details
Property Features
Listing Office:
Office Name: Landshark Realty
Office Phone: (321) 567-7992
Listing Agent: Cody Spaur
Exterior Features
Exterior Information:
Waterfront: Lake Front
View: Lake
Lot Features
Lot Information:
Lot: Cleared, Corner Lot, Split Possible
Lot Size: 2.67 Acres
School Info
Assigned Schools Information:
University High School, Public Magnet Grades 9-12
Orange County Virtual Franchise, Public District Grades 4-12
Union Park Middle School, Public District Grades 6-8
Union Park Elementary School, Public Magnet Grades PK-5
Other
Directions Information:
Directions: Hwy 50 W, Turn Left on Lake Downey Rd, All 4 parcels on that West hard corner.
Price Information
Listing Price Info
Price Summary:
List Price: $1,500,000
Tax Information:
Annual Amount: $779
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Orlando, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,554
Per Month
Principal & Interest
$7,487
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,564
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Union Park Elementary School
1600 N Dean Rd
Distance between this listing and this school0.36 miles
Public Magnet Grades PK-5
Middle School
3
/10
Union Park Middle School
1844 Westfall Dr
Distance between this listing and this school0.65 miles
Public District Grades 6-8
High School
5
/10
University High School
2450 Cougar Way
Distance between this listing and this school1.71 miles
Public Magnet Grades 9-12
7
/10
Orange County Virtual Franchise
445 W Amelia St
Distance between this listing and this school8.86 miles
Public District Grades 4-12
Assigned Schools
6
/10
Union Park Elementary School
1600 N Dean Rd
Distance between this listing and this school0.36 miles
Public Magnet Grades PK-5
Nearby Schools
6
/10
Lawton Chiles Elementary School
11001 Bloomfield Dr
Distance between this listing and this school1.08 miles
Public District Grades PK-5
4
/10
Riverdale Elementary School
11301 Lokanotosa Trl
Distance between this listing and this school1.87 miles
Public District Grades PK-5
Assigned Schools
3
/10
Union Park Middle School
1844 Westfall Dr
Distance between this listing and this school0.65 miles
Public District Grades 6-8
Nearby Schools
8
/10
Arbor Ridge K-8
2900 Logandale Dr
Distance between this listing and this school1.71 miles
Public Magnet Grades PK-8
4
/10
Legacy Middle School
11398 Lake Underhill Rd
Distance between this listing and this school1.86 miles
Public District Grades 6-8
Assigned Schools
5
/10
University High School
2450 Cougar Way
Distance between this listing and this school1.71 miles
Public Magnet Grades 9-12
7
/10
Orange County Virtual Franchise
445 W Amelia St
Distance between this listing and this school8.86 miles
Public District Grades 4-12
Nearby Schools
3
/10
Colonial High School
6100 Oleander Dr
Distance between this listing and this school3.85 miles
The neighbors living near this home have an average income of $52,532. Residents of Orlando, FL typically earn between $35k-100k each year. Most families are married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Orlando, FL
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Orlando, FL?
Orlando's housing market is diverse, offering a mix of residential options to suit various preferences and budgets. Single-family homes are prevalent, with modern, Mediterranean, and ranch-style architectures being particularly common. The market also includes a selection of condominiums and townhouses, providing alternatives for those seeking a more urban living experience. The area has seen a steady growth in housing developments, with a significant number of properties constructed in the last few decades.
Is Orlando, FL a good place to live?
Orlando is celebrated for its vibrant atmosphere and strong sense of community. Known for its world-class attractions and entertainment options, the city prides itself on being a hub for both tourism and local cultural events. Residents enjoy a variety of annual festivals and community gatherings that reflect the city's diverse and dynamic character.
Are things conveniently located in Orlando, FL?
The community is served by a robust educational system, including numerous public and private schools that cater to a range of educational needs. Healthcare services are comprehensive, with several hospitals and clinics offering a variety of specialized care. The city also features a network of public libraries and a rich assortment of retail and dining options that showcase the local culture. Orlando continuously adapts its services to meet the evolving needs of its growing population.
What does the transportation in Orlando, FL look like?
Orlando's transportation infrastructure is designed to accommodate both residents and visitors. The city offers multiple public transit options, including a bus system with regular routes throughout the area. For those who prefer private transport, ride-sharing services are readily available. The city is also connected by a network of major roads and highways, facilitating easy travel to and from the city. Efforts are ongoing to enhance the efficiency and accessibility of the transportation system, including improvements to walkability and bikeability in key areas.
Frequently Asked Questions About 1720 Lake Downey Dr
What is the listing price of this property?
The listing price of 1720 Lake Downey Dr property is $1,500,000.
What type of property is this?
The property 1720 Lake Downey Dr is land located in Orlando, Florida, 32825.
Is this property for sale now?
Active Listing: 1720 Lake Downey Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1720 Lake Downey Dr are: Union Park Elementary School: GreatSchools Rating 6/10Union Park Middle School: GreatSchools Rating 3/10University High School: GreatSchools Rating 5/10Orange County Virtual Franchise: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $779 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1720 Lake Downey Dr in Orlando, FL and zip code 32825. This home sits on a 2.67 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $1,500,000.
Orlando, FL housing market in April 2024 saw over 156 listings sold above listed price, more than 208 sold at listed price and over 573 sold below. The inventory of homes for sale in Orlando, FL between March 2024 and April 2024 decreased by 0.6%. Listings spent 41 days on the market in April 2024, and had a median list price of $381,094 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Soccer
Soccer
Mexican League Soccer
College Basketball
Burlington
Books-a-Million
Dillards
Wingstop
Church's Chicken
Logan's Roadhouse
Nissan
Toyota
Hyundai
Christian Adult Contemporary
Adult Hits
Rock