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About this home
MLS #S5148861 is a 1983-built home in Lemon Tree Condo Sec 02a, Orlando. Inside you'll find 1 bedrooms, 1 bathrooms, and 752 square feet of living space. Listed at $124,999 (about $166/sqft), 166 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. Condo dues run $239 monthly.
Investor Alert — Income in Place, Location Unmatched. This is the kind of opportunity seasoned investors recognize immediately: a renovated, professionally managed condominium with a qualified tenant in place through March 2027, positioned in one of Central Florida's most strategically located zip codes. This unit at Lakeway Drive sits in the heart of the 32839 corridor — minutes from I-4, John Young Parkway, and Florida's Turnpike. The Mall at Millenia, ranked the #1 mall in Florida and among the top ten nationally, is just moments away. Universal Studios Florida, International Drive, and downtown Orlando (approximately 5 miles) are all within effortless reach. The community is served by local bus routes, making it accessible to a broad and consistent renter pool. The unit itself has been thoughtfully renovated and maintained to a high standard. The community offers a pool, tennis court, and community mailbox. The current tenant is in good standing under a lease expiring end of March 2027, providing the new owner with predictable, stable rental income from day one — no vacancy, no search, no uncertainty. Professional property management is already in place, making this an ideal hands-off investment for both in-state and out-of-state buyers. Whether you are building a portfolio, diversifying your assets, or entering the Central Florida investment market, this property delivers: a renovated unit, a reliable tenant, and a location that practically markets itself.
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The essentials
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Details
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
Map unavailable for this listing.
Market insights
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Sample: 149 closed condo sales in 32839 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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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
$124,999
$166 per sq ft
Beds and baths
1 beds, 1 baths
Size
752 sq ft
Time on market
166 days
Year built
1983
Monthly payment
About $1,065/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,335 annual tax bill, insurance, and $239/mo in condo dues.
Condo dues
$239/mo
Managed by Judah Burton.
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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