Acreage Duplex
New
For Sale
$864,000
20963 E COLONIAL Drive, Christmas, FL 32709
Residential Income, CHRISTMAS, FL
Property Size2,498 SF
Lot Size5.88 Acres
Price / SF$345.88
Days on Market1
Property Features for 20963 E COLONIAL Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A-2
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Laundry Room, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 4
Window features
Skylight(s)
Pets allowed
Yes
Pool private
1
Interior features
Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
Exterior features
Fire Pit, Lighting, Rain Gutters, RV Hookup, Storage
Subdivision
NOT IN A SUBDIVISION
Directions
From Orlando, drive East on Colonial Drive AKA SR-50 towards Titusville. U-turn at the big green Titusville sign. Driveway has Red mailbox and Lights on the fence posts at gate.
Standard status
Active
APN
36-22-32-6216-00-340
Size
2,498 SF
Lot size
5.88 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNRECORDED PLAT OF ORANGE CO ACRES TRACT36034 DESC AS W1/2 OF E1/2 OF SE1/4 OFNE1/4 OF NE1/4 & W1/2 OF E1/2 OF THAT PTOF NE1/4 OF SE1/4 OF NE1/4 LYING N OF ST RD 50 SEC 36-22-32
Tax Annual Amount
4135
Legal Description
UNRECORDED PLAT OF ORANGE CO ACRES TRACT36034 DESC AS W1/2 OF E1/2 OF SE1/4 OFNE1/4 OF NE1/4 & W1/2 OF E1/2 OF THAT PTOF NE1/4 OF SE1/4 OF NE1/4 LYING N OF ST RD 50 SEC 36-22-32
Utilities
Utilities
Water Available
Sewer type
Septic Needed
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Well
Amenities
pool
screened Florida Room
heart-shaped pond
walking path
bench
fire pit
fruit trees
chicken coop
barn
climate-controlled gym
workshop
garden/tool room
front-yard sprinklers
backyard drip irrigation
security lighting
covered generator port
boat and RV pad
Building Details
Year built
1972
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS WINTER PARK · Keller Williams Realty
(407) 545-6430
Listed By:
Nick McKee · License #3340640
(407) 913-0171
Added: Oct 14
Last Checked: Oct 14 at 4:06PM
MLS# O6449247
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,498-square-foot residential property occupies 5.88 acres and includes a five-bedroom, two-and-a-half-bath home and a block-built barn. The home has a split-bedroom plan, updated bathrooms, a wet bar, and dual-zoned HVAC. A screened Florida room opens toward the pool. The barn contains a climate-controlled gym, workshop area, and garden and tool room; an oversized boat and RV pad has dedicated power. The 2.36 acres around the residence and improvements are fenced, with additional acreage included in the offering.
Property features include a pond with a walking path, mature fruit trees, a fire pit, a chicken coop, and a well and filtration system serving the home and pool. Improvements include hurricane windows in the main home and barn, with new roofs on both buildings in 2022. Zoning is A-2. Orlando International Airport is approximately 25 minutes away, while Titusville and the Space Coast are about 20 minutes away.
Property features include a pond with a walking path, mature fruit trees, a fire pit, a chicken coop, and a well and filtration system serving the home and pool. Improvements include hurricane windows in the main home and barn, with new roofs on both buildings in 2022. Zoning is A-2. Orlando International Airport is approximately 25 minutes away, while Titusville and the Space Coast are about 20 minutes away.
Key Highlights
- 5.88 total acres, including 2.36 fenced acres around the residence and improvements
- 2,498‑square‑foot home with five bedrooms and two‑and‑a‑half bathrooms
- Block‑built barn with climate‑controlled gym, workshop, and garden/tool room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,317
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,340
$666.3K
Cap Rate 7%
$475,957
$476.0K
Cap Rate 9%
$370,189
$370.2K
Market Conditions
NOI Build-Up for 2,498 SF
Gross rent
$51.0K $20.40/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$47.6K $19.05/SF
− OpEx
−$14.3K −$5.72/SF
NOI
$33.3K $13.34/SF
Area
Orange County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,340
Cap Rate 7%
$475,957
Cap Rate 9%
$370,189
Alternative Uses
Best Use
Multifamily LT 5
$476.0K
$416.5K – $555.3K
NOI $33,317 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$438.2K
$383.5K – $511.3K
NOI $30,676 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$710.9K
$622.0K – $829.3K
NOI $49,760 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 32709, FL
2,691
Population
725
Households
3.7
Avg Household Size
44
Median Age
33%
College-Educated
91%
High-School Grad
148.5 sq mi
ZIP Area
18
Density / Sq Mi
$83,015
Median Household Income
$40,801
Median Earnings
$293,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The residence pairs a split-bedroom layout with a screened Florida room and private pool.
Where is this duplex located?
The property is located at 20963 E COLONIAL Drive Christmas, FL.
What is the asking price?
The asking price for this property is $864,000.
What are key features of this property?
This property features: 5.88 total acres, including 2.36 fenced acres around the residence and improvements; 2,498‑square‑foot home with five bedrooms and two‑and‑a‑half bathrooms; Block‑built barn with climate‑controlled gym, workshop, and garden/tool room
