1938 N Lakewood Avenue, photo 1
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Overview

0 baOther
TypeOther
HOANone listed
Lot449,104 sqft

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

1938 N Lakewood Avenue is a home Ocoee.

From the listing

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.

The essentials

On market
877 days
Annual tax
$7,212
Lot
449,104 sqft
Type
Other

At a glance

Payment

Est. monthly payment
$23,463/mo
Down payment (20%)
$800,000
Property taxes
$601/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Other
Year Built
-
Lot
449,104 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
877
Annual Tax (2023)
$7,212

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

County
Orange
Lot Size
449,104 sqft

Price history

Date
Event
Price
-
Price change
Source: Stellar MLS #O6205884
$4,000,000-32.2%
5/16/2024
Listed for sale
Source: Stellar MLS #O6205884
$5,899,000

Neighborhood

1938 N Lakewood Avenue
Ocoee, FL, 34761

Market insights

Offer Insights

Choose an offer strength

List price: $4,000,000
$3.98M – $4.00M
99.5% – 100% of listTops out right at the list price
80% of listList price
117 of the last 232 home closings in 34761 landed at this number or higher (50%). The median one sat 32 days before it went under contract, and this one is on day 877 after a $1,899,000 cut.

Sample: 232 closed home sales in 34761 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$23,463/mo
Principal & interest$20,862
Property taxes$601
Insurance$2,000
Down payment20% · $800,000
Interest rate6.80%
Loan term

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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.

Quick answers.

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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Brokered byUNITED REAL ESTATE PREFERREDListing agent: Wally GilmourListing data from Stellar MLS, MLS# O6205884.

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