Under contract-accepting backup offers. Attention builders, developers, and investors! This high and dry vacant lot presents a rare opportunity for multi-family development in one of Orlando’s most desirable locations. Zoned R-3 (Multi-Family Residential), this expansive parcel allows for 10+ units and offers the potential for re-zoning with Orange County approval. Ideally situated near The Florida Mall, Orlando International Airport, The Mall at Millenia, I-4, major highways, parks, and top entertainment destinations, this prime location ensures high rental demand and strong appreciation potential. With Orlando’s booming population growth and an increasing need for multi-family housing, this property is perfect for developing apartments, townhomes, or a condo project. The opportunities are endless for those looking to capitalize on Central Florida’s thriving real estate market. Don’t miss out on this exceptional investment opportunity—contact us today for zoning details and development options!
Pending
Price cut: $55K (6/13)
$385,000
1726 Wakulla Way #1, Orlando, FL 32839
--beds
0baths
1.24Acres
Est.:
Unimproved Land
Built in ----
1.24 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Expansive parcel
- 201 days
- on Zillow |
- 17 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 06:21am
Listing Provided by:
Dominick Florio 321-377-4045,
RE/MAX TOWN & COUNTRY REALTY 407-695-2066,
Sophie Leene 352-201-1258,
RE/MAX TOWN & COUNTRY REALTY
Source: Stellar MLS,MLS#: O6275770
Originating MLS: Orlando Regional

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 1.24 Acres
- Dimensions: 318 x 170
- Features: In County, Level
Details
- Parcel number: 222329726839001
- Zoning: ORG-R-3
- Special conditions: None
Utilities & green energy
- Sewer: None
- Water: None
- Utilities for property: Electrical Nearby, Water Nearby
Community & HOA
Community
- Subdivision: PROSPER COLONY
HOA
- Has HOA: Yes
- Pet fee: $0 monthly
Location
- Region: Orlando
Financial & listing details
- Annual tax amount: $773
- Date on market: 1/30/2025
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Paved
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