Skip main navigation
For sale
  • $3,200,000

    15992 W COLONIAL DRIVE, OAKLAND, FL 34787

    41beds
    75baths
    17,021sqft
    : 
    $21,719/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 1951
    -- sqft lot
    $-- Zestimate®
    $188/sqft
    $-- HOA

    What's special

    15992 W Colonial Dr, Oakland, FL – 32-Unit Income Producing Multifamily Opportunity Exceptional opportunity to acquire a 32-unit income-producing asset in the heart of West Orange County, ideally positioned along the high-visibility W Colonial Dr / SR-50 corridor in the Town of Oakland. Situated on approximately 2.15 acres, this unique property offers a diverse mix of duplex-style residences, mobile home/RV units, and additional rental pads, creating multiple income streams and long-term upside. Currently generating $34,860 per month in gross rental income the property delivers immediate cash flow while offering significant future value-add and redevelopment potential. Located just minutes from the Florida Turnpike interchange, Downtown Winter Garden, Clermont, and the greater Orlando employment hubs, this site sits directly in the path of West Orange’s continued expansion. The C-1 zoning and strategic frontage on SR-50 make this an especially compelling opportunity for investors seeking stable income today with the flexibility for future repositioning. Whetherd workforce housing and RV income asset, repositioned into a boutique rental community, or held for future redevelopment, opportunities with this combination of location, scale, frontage, and in-place revenue are increasingly rare. (Seller is selling 112 units in total varying in diffrent locations this is 32 of those 112)
    121 days
    |
    478
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kyler Moreland 407-496-4196,

    REMAX SUNSTATE REALTY 416-450-7436

    Source: Stellar MLS,MLS#: O6395167MLS LogoOriginating MLS: Orlando Regional

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 41
      • Bathrooms: 75
      Heating
      • Other
      Cooling
      • Other, Wall/Window Unit(s)
      Appliances
      • Laundry: Other
      Features
      • Other
      • Has fireplace: No
      Interior area
      • Total structure area: 17,021
      • Total interior livable area: 17,021 sqft
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Other, Private Mailbox
      Lot
      • Size: 2.15 Acres
      Details
      • Parcel number: 282227000000003
      • Zoning: C-1
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Other
      • Foundation: Crawlspace, Other
      • Roof: Other,Shingle
      Condition
      • Fixer
      • New construction: No
      • Year built: 1951

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Other

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: LAKE JOHNS MOTEL APTS. & TR. PK
      HOA
      • Has HOA: No
      Location
      • Region: Winter Garden

      Financial & listing details

      • Price per square foot: $188/sqft
      • Annual tax amount: $29,405
      • Date on market: 3/31/2026
      • Cumulative days on market: 122 days
      • Listing terms: Cash,Conventional,Owner May Carry
      • Ownership: Fee Simple
      • Lease term: >6 Months <12
      • Total actual rent: 23575
      • Tenant pays: Electricity, Gas, Water
      • Road surface type: Other

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/31/2026Listed for sale$3,200,000$188/sqft
        Source: Stellar MLS #O6395167 Report a problem
        3/19/2026Listed for rent$800-17.1%
        Source: Zillow Rentals Report a problem
        10/24/2025Listing removed$965
        Source: Zillow Rentals Report a problem
        10/8/2025Price change$965-3.5%
        Source: Zillow Rentals Report a problem
        9/9/2025Listed for rent$1,000
        Source: Zillow Rentals Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 34787

        Getting around

        16 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts