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About this home
400 E Colonial Dr #508 is a 1975-built home in Park Lake Towers, Orlando. Inside you'll find 1 bedrooms, 2 bathrooms, and 1,109 square feet of living space. Listed at $229,900 (about $207/sqft), 40 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. Condo dues run $850 monthly.
Welcome to Park Lake Towers, where high-rise convenience meets everyday comfort in the heart of downtown Orlando. This spacious 1,109 SF, 1-bedroom, 2-full-bath residence on the 5th floor offers a rare layout with true potential—easily converts into a 2-bedroom, 2-bath home with the simple addition of one wall, giving each bedroom its own private bath. The oversized primary suite is a standout, featuring two walk-in closets, a separate sink vanity area, and a private soaking tub with a separate shower. Storage abounds throughout the unit, with generous closet space at nearly every turn, including a welcoming foyer entry with its own front closet. The open living room flows seamlessly to a private, walk-out balcony facing east, perfect for morning coffee, while a dedicated dining space just off the kitchen makes everyday living and entertaining effortless. A deeded parking space is included, and while there's no in-unit laundry, the building offers a convenient laundry room on every floor. Residents enjoy an impressive lineup of amenities including a resort-style pool, fitness center, recreation room, business center, ample meeting space, onsite management, and elevator access—with HOA dues covering it all, including water, trash, sewer, pest control, cable, and internet, for truly all-inclusive living. Tucked in a quiet, private setting just minutes from downtown Orlando, Lake Eola, Thornton Park, and premier shopping, this pet-free building offers an unbeatable location paired with low-maintenance luxury. With a motivated seller ready to make a deal, this is an incredible opportunity to own a unit brimming with potential in one of downtown Orlando's most convenient addresses.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. 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
$229,900
$207 per sq ft
Beds and baths
1 beds, 2 baths
Size
1,109 sq ft
Time on market
40 days
Year built
1975
Monthly payment
About $2,259/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,138 annual tax bill, insurance, and $850/mo in condo dues.
Condo dues
$850/mo
Managed by Chris Bertoch, LCAM.
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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