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About this home
1938 N Lakewood Avenue is a home Ocoee.
10.3± acres of high-potential residential development land in the direct path of growth in Ocoee, Florida. The property supports single-family development at up to five homes an acre, offering a compelling profile in a rapidly expanding Central Florida submarket. Featuring approximately 366 feet of road frontage and extending a quarter mile deep, the site provides excellent flexibility for subdivision design and infrastructure layout. The property is strategically located directly across from the new Ocoee Village Center, a transformative mixed-use development driving sustained residential and commercial demand. Just minutes away is Ocoee’s new regional sports complex, a multi-field athletic destination designed to host tournaments and year-round events. This significant public investment is expected to increase visitor traffic, encourage nearby hotel and service development, and further accelerate housing demand — strengthening long-term land value in the surrounding area. The site offers exceptional connectivity, located approximately 1,500 feet from the SR-429 Beltway and West Road interchange and only two miles from downtown Ocoee, providing quick access to Orlando, employment corridors, and major regional attractions. The land is fenced and currently improved with two older mobile homes, a shop, and an open garage (no permanent structures), allowing for flexible redevelopment. Utilities include deep and shallow wells and existing septic systems. Clear title. Zoned agricultural with established residential development use. A rare assemblage opportunity exists with approximately 35± additional adjoining acres, creating potential for a larger master-planned residential project. Recently repriced with a $1,000,000 price reduction (from $5,000,000 to $4,000,000), this offering is now positioned to attract immediate developer and investor interest. Well-located land with density, infrastructure access, and proximity to major public investment is increasingly scarce in Central Florida.
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
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Price
$4,000,000
Time on market
877 days
Monthly payment
About $23,463/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $7,212 annual tax bill, insurance.
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