$3,200,000
15992 Colonial Drive
Oakland, FL 34787
Listing updated: April 6, 2026 at 11:30 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
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
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
- Status: ActiveMar 31, 2026
- Listed$3,200,000Mar 31, 2026
- Price increased$3,200,000
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
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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
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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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.
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