Overview
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About this home
540 N Pennsylvania Ave is a 1938-built home in Winter Park, Winter Park. Inside you'll find 4 bedrooms, 2 bathrooms, and 1,652 square feet of living space. Listed at $3,950,000 (about $2,391/sqft), 29 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Rare Winter Park redevelopment opportunity on a NEARLY HALF-ACRE CORNER PARCEL JUST MINUTES FROM PARK AVENUE. Newly priced at $3,950,000, this R-3 ZONED (Medium-Density Residential) property offers outstanding redevelopment potential, INCLUDING CAPACITY FOR UP TO SEVEN RESIDENTIAL UNITS. Ideally positioned between Park Avenue and Winter Park Village, the property offers convenient access to renowned dining and shopping, Rollins College, cultural attractions, AdventHealth Winter Park, and major transportation corridors. Three existing residences occupy the site and contribute no value to the offering. Properties of this size and zoning, so close to Park Avenue, are exceptionally rare. THIS PROPERTY IS CROSS-LISTED AS VACANT LAND WITH THE MLS #O6431538.
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The essentials
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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.
Quick answers.
Price
$3,950,000
$2,391 per sq ft
Beds and baths
4 beds, 2 baths
Size
1,652 sq ft
Time on market
29 days
Year built
1938
Monthly payment
About $23,397/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,848 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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