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540 N PENNSYLVANIA AVENUE

Lots/Land For Sale
$3,950,000

BTC: 46.67927204

ETH: 1,490.56603774

-$650K (2026/09/14)
59 days
0 room(s)

Overview

MAJOR PRICE IMPROVEMENT—NOW OFFERED BELOW $4 MILLION! Rare Winter Park redevelopment opportunity on a nearly half-acre corner parcel just minutes from Park Avenue. Newly priced at $3,950,000, this R-3 (Medium-Density Residential) property offers outstanding redevelopment potential, including capacity for up to seven residential units. Ideally positioned between Park Avenue and Winter Park Village, the property offers convenient access to renowned dining and shopping, Rollins College, cultural attractions, AdventHealth Winter Park, and major transportation corridors. Three existing residences occupy the site and contribute no value to the offering. Properties of this size and zoning, so close to Park Avenue, are exceptionally rare. THIS PROPERTY IS CROSS-LISTED AS RESIDENTIAL WITH THE MLS #O6436046.

Location

Florida • WINTER PARK • 32789 • Lots/Land • For Sale

Details

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$849,900
$694K – $2.4M
Confidence Low
List vs. estimate
$3.1M above estimate
List $3,950,000 · +364.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,847
2025
All facts and features

  • Lot

    • Lot: 0.45 Acres

    Other Property Information

    • Parcel Number: 052230940011120

    • Zoning: R-3

  • Type and style

    • Property Type: Land

  • Utility

    • Cable Available

    • Cable Connected

    • Electricity Available

    • Fiber Optics

    • Fire Hydrant

    • Phone Available

    • Propane

    • Sewer Available

    • Sewer Connected

    • Street Lights

    • Underground Utilities

    • Water Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $9,848

  • Source details

    • MLS ID: O6431538

    Other facts

    • Lot Features: Buildable / Corner Lot / Fire Hydrant / City Lot / Level / Near Golf Course / Near Public Transit / Railroad / Room For Pool / Sidewalk / Street Lights / Suburb / Urban

    • Water Source: Public

    • Lot Size Dimensions: 78 x 250

    • Subdivision Name: WINTER PARK

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
32789
204
median $1.1M
Active
Same city
WINTER PARK
395
median $649K
Active
Same type
Lots/Land
22
median $929K
Active
Similar price
$2.8M – $5.1M
27
median $3.6M
Active

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: COLDWELL BANKER REALTY