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$520,000

512 Palmetto StreetOrlando, FL 32824

Listing updated: October 7, 2026 at 5:01 PM ET

Active

Listing courtesy of Arod Partners Realty · Alejandro Rodriguez · MLS #S5159107 · Active · 407-627-7621

Baths

0.49

Acres

◆$24/sqft

Land

Property type

21,449 sqft

Lot size

$24

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

City-Approved Orlando Townhome Development – Prime Investment Opportunity An exceptional opportunity to acquire a strategically located residential development featuring four modern, single-story townhomes, each designed with 3 bedrooms, 2 bathrooms, and approximately 1,650 SF of living space. A major advantage of this opportunity is that the development plans have already been approved by the City, allowing a buyer or developer to move forward with significantly less entitlement and approval risk and saving valuable time in the development process. The property is ideally positioned in a highly accessible Orlando location, just 5 minutes from the Florida Turnpike and Orange Blossom Trail (OBT) and approximately 10 minutes from I-4 and FL-528, providing convenient connectivity to employment centers, shopping, dining, entertainment, and surrounding Orlando communities. With City-approved plans, four thoughtfully designed residences, and a well-connected location, this project offers investors and builders an attractive opportunity to bring a desirable residential product to one of Central Florida’s most active housing markets. The plans are approved. The vision is established. The opportunity is ready for the next developer.

Estimated monthly payment

Principal & interest$2,629

Property taxes$218

Home insurance (est.)$238

Down payment

20%

$104,000 downRate

6.5%

Term

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 history0 days on market

Status: Active
Oct 7, 2026
Listed$520,000
Oct 7, 2026
Price increased$520,000

Facts & features

Property type: Land
Status: Active
Days on market: 0
Subdivision: Spahlers Add
County: Orange
Price/sq ft: $24
Lot size: 21,449 sq ft
Lot category: 1/2 to less than 1
Flood zone: x
Annual taxes: $2,616 (2024)
Parcel #: 36-23-29-8228-30-504
Zoning: R-2
MLS #: S5159107

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Parking

Garage spaces: 0

HOA & Financial

Total monthly fees: None
Total annual fees: None
Listing terms: Cash, Conventional
Ownership: Fee Simple

Exterior & Construction

Road surface: Asphalt

Utilities

Sewer: Septic Needed
Water source: Public
Utilities: Electricity Available, Public, Water Available

Listing Details

Listing date: 2026-10-07
On market date: 2026-10-07
Original list price: $520,000
MLS area: 32824 - Orlando/Taft / Meadow woods
Listing AOR: Osceola
Status changed: 2026-10-07
Tax legal description: SPAHLERS ADDITION TO TAFT D/114 LOTS 4 5& 6 BLK E TIER 3

Flood risk

Minimal riskFEMA Zone X

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

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

Location

Directions

From Florida’s Turnpike, take the exit for Orange Blossom Trail (OBT) and head south. Turn left onto Central Florida Parkway, then take a right onto Palmetto Street. The property is located at 512 Palmetto Street, on the corner lot. Alternatively, from I-4, connect to FL-528 (Beachline Expressway) heading east. Exit at Orange Blossom Trail, head south, and follow the same route to Palmetto Street.

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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 October 7, 2026 at 5:01 PM 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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