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512 PALMETTO STREET

Lots/Land For Sale
$520,000

BTC: 6.14511936

ETH: 196.22641509

New
0 room(s)

Overview

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.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.49 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$150,000
$134K – $452K
Confidence Low
List vs. estimate
$370K above estimate
List $520,000 · +246.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,616
2024
All facts and features
  • Lot

    • Lot: 0.49 Acres

    Other Property Information

    • Parcel Number: 362329822830504

    • Zoning: R-2

  • Type and style

    • Property Type: Land

  • Utility

    • Electricity Available

    • Public

    • Water Available

  • Other financial information

    • Annual tax amount: $2,616

  • Source details

    • MLS ID: S5159107

    Other facts

    • Lot Features: Corner Lot

    • Water Source: Public

    • Lot Size Dimensions: 150 x 143

    • Subdivision Name: SPAHLERS ADD

Private inquiry
Talk to the advisor on this listing.
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Market around this address

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: AROD PARTNERS REALTY