15992 Colonial Drive, FL

$3,200,000

15992 Colonial Drive

Oakland, FL 34787

Active
41
Beds
75
Baths
17,021
Sq Ft
2.15
Acres
1951
Built
2.15 acres$188/sqft360° tour
🏠Duplex

Property type

🏗️1951

Year built

📐93,655 sqft

Lot size

📊$188

Price / sq ft

🏘️No HOA

HOA dues

📅6

Days on market

🌊AE*

Flood zone

About this home

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)

Estimated monthly payment

Principal & interest$16,181
Property taxes$2,450
Home insurance (est.)$1,467

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history6 days on market

  1. Status: Active
    Mar 31, 2026
  2. Listed$3,200,000
    Mar 31, 2026
  3. Price increased$3,200,000

Virtual Tour

Facts & features

Property type
Residential Income
Sub type
Duplex
Status
Active
Days on market
6
Subdivision
Lake Johns Motel Apts. & Tr. Pk
County
Orange
Year built
1951
Living area
17,021 sq ft
Price/sq ft
$188
Lot size
93,655 sq ft
Lot category
2 to less than 5
Flood zone
AE* (12095C0215H)
Annual taxes
$29,405 (2025)
Parcel #
28-22-27-0000-00-003
Zoning
C-1
MLS #
O6395167

Interior Details

Bedrooms
41
Interior features
Other
Laundry
Other
Stories / Levels
One

Heating & Cooling

Heating
Other
Cooling
Other, Wall/Window Unit(s)

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Listing terms
Cash, Conventional, Owner Financing
Ownership
Fee Simple

Exterior & Construction

Exterior features
Other, Private Mailbox
Construction materials
Other
Roof
Other, Shingle
Foundation
Crawlspace, Other
Road surface
Other

Utilities

Sewer
Septic Tank
Water source
Well
Utilities
Other

Listing Details

Listing date
2026-03-31
On market date
2026-03-31
Original list price
$3,200,000
Occupant type
Tenant
MLS area
34787 - Winter Garden/Oakland
Listing AOR
Orlando Regional
Status changed
2026-03-31
Tax legal description
N 387 FT OF W 300 FT OF NW1/4 OF NW1/4 (LESS N 75 FT IN STATE RD) OF SEC 28-22-27

Flood risk

High riskFEMA Zone AE*Panel 12095C0215H

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

off i4 head west on Colonial drive will be on your left

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of April 6, 2026 at 11:30 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA