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400 E COLONIAL DRIVE UNIT 508

Condo/Co-op For Sale
$229,900

BTC: 2.83827160

ETH: 93.87505104

New
1 bds
2 ba
1,109 sqft

Overview

Welcome to Park Lake Towers, where high-rise convenience meets everyday comfort in the heart of downtown Orlando. This spacious 1,109 SF, 1-bedroom, 2-full-bath residence on the 5th floor offers a rare layout with true potential—easily converts into a 2-bedroom, 2-bath home with the simple addition of one wall, giving each bedroom its own private bath. The oversized primary suite is a standout, featuring two walk-in closets, a separate sink vanity area, and a private soaking tub with a separate shower. Storage abounds throughout the unit, with generous closet space at nearly every turn, including a welcoming foyer entry with its own front closet. The open living room flows seamlessly to a private, walk-out balcony facing east, perfect for morning coffee, while a dedicated dining space just off the kitchen makes everyday living and entertaining effortless. A deeded parking space is included, and while there's no in-unit laundry, the building offers a convenient laundry room on every floor. Residents enjoy an impressive lineup of amenities including a resort-style pool, fitness center, recreation room, business center, ample meeting space, onsite management, and elevator access—with HOA dues covering it all, including water, trash, sewer, pest control, cable, and internet, for truly all-inclusive living. Tucked in a quiet, private setting just minutes from downtown Orlando, Lake Eola, Thornton Park, and premier shopping, this pet-free building offers an unbeatable location paired with low-maintenance luxury. With a motivated seller ready to make a deal, this is an incredible opportunity to own a unit brimming with potential in one of downtown Orlando's most convenient addresses.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1975
Lot:
0.28 Acres
Heating:
Central / Electric
Price/sqft:
$207
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$280,000
$216K – $334K
Confidence Low
List vs. estimate
$50K below estimate
List $229,900 · -17.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$207
+9.2% vs. city median $189
Based on
23 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,138
2025
View
City
Pets
Not allowed
All facts and features
  • Flooring

    • Carpet

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Range

    • Range Hood

    • Refrigerator

    Other interior features

    • Open Floorplan

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Balcony / Sliding Doors

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 252229667705080

    • Zoning: MXD-2/T

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

  • Other financial information

    • HOA Frequency: Monthly

    • Annual tax amount: $1,138

  • Source details

    • MLS ID: O6438577

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Other

    • Laundry Features: Common Area

    • Window Features: Shades

    • Direction Faces: North

    • Living Area: 1109

    • Water Source: Public

    • Subdivision Name: PARK LAKE TOWERS

Private inquiry
Talk to the advisor on this listing.
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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: KELLY PRICE & COMPANY LLC