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    4349 Hiawassee Rd Orlando, FL 32818

    Sponsored
    For Sale
    $2,975,000

    Prime residential land, ideal for built-to-rent.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 32.6-acre development opportunity is situated in Orlando, Florida, at 4349 N Hiawassee Rd, 32818, in Orange County. The property boasts a prime location between Highway 50 (Colonial Drive) and Clarcona Ocoee Road, offering convenient access to major thoroughfares. Currently zoned A-1/R-1A, a proposed rezoning to PD (Planned Development) is underway with Orange County. Detailed site plans are available, showcasing a potential for approximately 80 lots, with options for both 40' and 50' lot sizes. Extensive existing plans and studies are included for the buyer's review. The property fronts Horseshoe Lake, adding significant appeal. This offering presents a compelling investment opportunity, with seller financing available and the seller motivated to close. The asking price is $2,975,000, translating to approximately $91,000 per acre or $37,000 per lot based on the proposed 80-lot development. Potential joint venture opportunities are also being explored. This is a rare chance to acquire a substantial residential development site in a thriving Orlando location.

    Property Features for 4349 Hiawassee Rd

    General Information

    Property type
    Land

    HighLights

    • 32.6‑acre development site in Orlando, FL, at 4349 N Hiawassee Rd, 32818.
    • Prime location between Highway 50 and Clarcona Ocoee Road.
    • Currently zoned A‑1/R‑1A, proposed rezoning to PD underway.
    • Detailed site plans show potential for ~80 lots (40' & 50' options).
    • Fronts Horseshoe Lake.
    • $2,975,000 asking price; ~$91,000/acre or ~$37,000/lot (based on 80 lots).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.474198
    Latitude
    28.5962709

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    FAQs

    What type of property is this?
    Land - Prime residential land, ideal for built-to-rent.
    Where is this land located?
    The property is located at 4349 Hiawassee Rd Orlando, FL.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: 32.6-acre development site in Orlando, FL, at 4349 N Hiawassee Rd, 32818.; Prime location between Highway 50 and Clarcona Ocoee Road.; Currently zoned A-1/R-1A, proposed rezoning to PD underway.
    (407) 647-0200
    Request Owner's contact information
    4349 Hiawassee Rd Orlando, FL 32818
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    Orlando, FL 32818
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4349 Hiawassee Rd Orlando, FL 32818
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