15992 W Colonial Drive, photo 1
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Overview

41 bd75 ba17,021 sqftDuplex
TypeDuplex
HOANone listed
Built1951
Lot93,655 sqft
Living area17,021 sqft
Price / sqft$188

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About this home

15992 W Colonial Drive is a 1951-built home in Lake Johns Motel Apts. & Tr. Pk, Oakland. Inside you'll find 41 bedrooms, 75 bathrooms, and 17,021 square feet of living space. Listed at $3,200,000 (about $188/sqft), 198 days on market.

From the listing

15992 W Colonial Dr, Oakland, FL – 32-Unit Income Producing Multifamily Opportunity Exceptional opportunity to acquire a 32-unit income-producing asset in the heart of West Orange County, ideally positioned along the high-visibility W Colonial Dr / SR-50 corridor in the Town of Oakland. Situated on approximately 2.15 acres, this unique property offers a diverse mix of duplex-style residences, mobile home/RV units, and additional rental pads, creating multiple income streams and long-term upside. Currently generating $34,860 per month in gross rental income the property delivers immediate cash flow while offering significant future value-add and redevelopment potential. Located just minutes from the Florida Turnpike interchange, Downtown Winter Garden, Clermont, and the greater Orlando employment hubs, this site sits directly in the path of West Orange’s continued expansion. The C-1 zoning and strategic frontage on SR-50 make this an especially compelling opportunity for investors seeking stable income today with the flexibility for future repositioning. Whetherd workforce housing and RV income asset, repositioned into a boutique rental community, or held for future redevelopment, opportunities with this combination of location, scale, frontage, and in-place revenue are increasingly rare. (Seller is selling 112 units in total varying in diffrent locations this is 32 of those 112)

The essentials

Built
1951
Price / sqft
$188
On market
198 days
Annual tax
$29,405
Lot
93,655 sqft
Type
Duplex

At a glance

Multi-family
Built 1951
2.15 acres
Lot size
17,021 sqft
Living area

Payment

Est. monthly payment
$20,739/mo
Down payment (20%)
$640,000
Property taxes
$2,450/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Duplex
Year Built
1951
Lot
93,655 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
198
Annual Tax (2025)
$29,405

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

Subdivision
Lake Johns Motel Apts. & Tr. Pk
County
Orange
Lot Size
93,655 sqft

Price history

Date
Event
Price
3/31/2026
Listed for sale
Source: Stellar MLS #O6395167
$3,200,000
$188/sqft

Neighborhood

15992 W Colonial Drive
Oakland, FL, 34787

Market insights

Offer Insights

Choose an offer strength

List price: $3,200,000
$3.18M – $3.20M
99.5% – 100% of listTops out right at the list price
80% of listList price
222 of the last 442 home closings in 34787 landed at this number or higher (50%). The median one sat 22 days before it went under contract, and this one is on day 198.

Sample: 442 closed home sales in 34787 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$20,740/mo
Principal & interest$16,689
Property taxes$2,450
Insurance$1,600
Down payment20% · $640,000
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

$3,200,000

$188 per sq ft

Beds and baths

41 beds, 75 baths

Size

17,021 sq ft

Time on market

198 days

Year built

1951

Monthly payment

About $20,739/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $29,405 annual tax bill, insurance.

Offer

What should I offer?

Have another question?

Brokered byREMAX SUNSTATE REALTYListing agent: Kyler MorelandListing data from Stellar MLS, MLS# O6395167.

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