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    Versatile Estate on Usable Acres Title is generated by Realmo AI

    1498 MARKHAM WOODS ROAD, Longwood, FL 32779

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    Claim this Listing
    For Sale
    $1,870,000

    Spacious estate suitable for residential, institutional, or community use.

    Type:Commercial
    Property size:
    7,675 SF
    Lot size:
    5.26 Acres
    Price / SF:
    $243/SF
    Added:
    Apr 21, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 21 at 8:17 pm

    Property Features for 1498 MARKHAM WOODS ROAD

    General Information

    Standard status
    Active
    Size
    7,675 SF
    Lot size
    5.26 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1991

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    Listing Contact
    DAVID WARREN
    DAVID WARREN

    Listing agent DAVID WARREN License #3128091

    Listing office CHARLES RUTENBERG REALTY ORLANDO

    Listing date Apr 21, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CHARLES RUTENBERG REALTY ORLANDO

    HighLights

    • 5.26 fully usable acres, privately gated, offering privacy and security
    • 7,600+ square feet of combined interior space with up to 8 bedrooms and 9 bathrooms
    • Exceptional flexibility for permitted uses: private school, daycare, church, group home, community center, agricultural support, multi‑family use
    • Multiple dedicated office rooms, two fully equipped kitchens, and a spacious dining hall
    • Large outdoor gathering areas, covered outdoor kitchen, and expansive open lawn areas
    • Well‑maintained property offering immediate usability and long‑term adaptability

    Overview

    This versatile estate offers over 7,600 square feet of combined interior space on 5.26 fully usable acres. The property is privately gated and designed to accommodate a wide range of residential, institutional, and community-oriented uses. The property features up to 8 bedrooms and 9 bathrooms in the main house and detached guest building, multiple dedicated office rooms, flex spaces, and gathering rooms. The layout supports both large-scale occupancy and flexible use configurations. Permitted and adaptive uses include a private school or educational campus, daycare or early learning facility, church, ministry, or religious assembly use, group home or assisted living style residence, community center or nonprofit operations, agricultural-support or small-scale commercial functions, and multi-family or extended residential estate use. The interior is designed to function seamlessly across multiple potential use types, including multiple private office rooms, two fully equipped kitchens, a spacious dining hall, a dedicated event or assembly room with open flexible space, and ample storage rooms. The exterior offers a private and secure environment with extensive usable land, including large outdoor gathering and activity areas, a covered outdoor kitchen, expansive open lawn areas, and mature natural surroundings. The exterior grounds provide a peaceful, campus-style atmosphere well-suited for private events, structured programming, or community-focused operations. The property is located in one of Central Florida’s most desirable estate corridors.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $183.3k $23.88
    − Vacancy −$11.9k −$1.55
    EGI $171.4k $22.33
    − OpEx −$77.1k −$10.05
    NOI $94.3k $12.28
    7,675 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.35M
    $1.18M – $1.57M (±1% cap)
    NOI $94,251 @ 7.0% cap · market cap 5.04%
    Second Best
    no second resolved use
    Theoretical Best
    Office A
    $2.18M
    $1.91M – $2.55M (±1% cap)
    NOI $152,886 @ 7.0% cap · market cap 8.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Avanti Restore Medical Clinic Massage Vedic Gym & Fitness Center Massage Medical Clinic Church of the Golden Savior Church Terre Lee Photography Photography Service

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Building Supply Auto Repair Shop Hotel & Motel Daycare Center HVAC Service Cafe & Coffee Shop Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.3856184
    Latitude
    28.7197431

    FAQs

    What type of property is this?
    School - Spacious estate suitable for residential, institutional, or community use.
    Where is this school located?
    The property is located at 1498 MARKHAM WOODS ROAD Longwood, FL.
    What is the asking price?
    The asking price for this property is $1,870,000.
    What are key features of this property?
    This property features: 5.26 fully usable acres, privately gated, offering privacy and security; 7,600+ square feet of combined interior space with up to 8 bedrooms and 9 bathrooms; Exceptional flexibility for permitted uses: private school, daycare, church, group home, community center, agricultural support, multi‑family use
    More about this property
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