Rare 6.46-Acre Waterfront Development Opportunity on East Lake Tohopekaliga An exceptional opportunity to acquire 6.46± acres of waterfront property in one of Central Florida's fastest-growing areas. This offering includes two parcels totaling approximately 6.46 acres, consisting of a 2.66-acre improved parcel and an adjacent 3.80-acre vacant parcel, providing incredible flexibility for investors, developers, builders, or those seeking a private waterfront estate. The improved parcel currently features multiple residential units that generate approximately $30,000 in annual rental income, with the opportunity to increase income by approximately $18,000 annually through leasing the remaining units. Generate cash flow while planning your future vision. The true value of this property lies in its land, location, and development potential. With expansive frontage, mature oak trees, and direct access to beautiful East Lake Tohopekaliga, this is a rare opportunity to create a luxury waterfront enclave or private family compound. Preliminary concepts may allow for multiple estate-sized homes with guest houses, subject to county approvals and buyer due diligence. Located just minutes from Lake Nona, Medical City, Orlando International Airport, major highways, shopping, and dining, properties of this size with waterfront acreage are becoming increasingly difficult to find. Property Highlights • 6.46± acres across two parcels • 2.66-acre improved parcel • 3.80-acre adjacent vacant parcel • Direct waterfront location on East Lake Tohopekaliga • Existing income-producing improvements • Approximately $30,000 annual rental income with additional upside • Excellent investment, redevelopment, or estate opportunity • Potential for future subdivision or luxury estate development (subject to county approval) • Minutes from Lake Nona, Medical City, Orlando International Airport, and major roadways Opportunities of this scale, location, and potential are exceptionally rare in Central Florida.
For sale
$1,938,000
2690 E LAKE ROAD, KISSIMMEE, FL 34744
6beds
5baths
3,429sqft
Duplex, Multi Family
Built in 1996
-- sqft lot
$-- Zestimate®
$565/sqft
$-- HOA
What's special
Mature oak treesExisting income-producing improvementsExpansive frontage
- 87 days
- 415
- 16
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Abdul Shabir 407-697-7340,
REALTY ONE GROUP INSPIRATION 321-233-2300
Source: Stellar MLS,MLS#: O6420498
Originating MLS: Osceola

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Electric
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Has fireplace: No
- Common walls with other units/homes: End Unit
Interior area
- Total structure area: 4,881
- Total interior livable area: 3,429 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Boat, Covered, Oversized, RV Access/Parking
- Garage spaces: 4
- Carport spaces: 2
- Covered spaces: 6
Features
- Patio & porch: Deck
- Exterior features: Garden
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- View description: Garden, Pool, Trees/Woods, Water, Canal, Lake
- Has water view: Yes
- Water view: Water,Canal,Lake
- Waterfront features: Canal Front, Freshwater Canal Access, Lake Privileges, Boat Ramp - Private
- Frontage length: Canal: 50
Lot
- Size: 6.46 Acres
- Features: Corner Lot, Oversized Lot, Private, Street Dead-End
Details
- Additional structures: Boat House, Guest House
- Additional parcels included: 10-25-30-0000-0221-0000
- Parcel number: 102530000002260000
- Zoning: R-1M
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block, Concrete, Stucco
- Foundation: Block
- Roof: Other
Condition
- Fixer
- New construction: No
- Year built: 1996
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: ACREAGE & UNREC
HOA
- Has HOA: No
Location
- Region: Kissimmee
Financial & listing details
- Price per square foot: $565/sqft
- Tax assessed value: $489,300
- Annual tax amount: $8,828
- Date on market: 6/27/2026
- Cumulative days on market: 61 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 2500
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
$1,893/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Listed for sale | $1,938,000+93.8%$565/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/1/2017 | Listing removed | $1,000,000$292/sqft |
Source: Owner Report a problem | ||
| 7/2/2017 | Listed for sale | $1,000,000$292/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,829 +3.8% | $489,300 +0% |
| 2024 | $8,504 +0.8% | $489,100 +1.9% |
| 2023 | $8,439 +10.6% | $480,100 |
| 2022 | $7,628 +7.8% | -- |
| 2021 | $7,078 +3.5% | $413,600 +3.9% |
| 2020 | $6,839 +19.4% | $397,900 +11.1% |
| 2019 | $5,727 | $358,100 -0.5% |
| 2018 | $5,727 +9.5% | $359,900 -1.1% |
| 2017 | $5,228 -3.4% | $364,076 +2.1% |
| 2016 | $5,410 +1.2% | $356,588 +0.7% |
| 2015 | $5,346 -0.7% | $354,110 +0.8% |
| 2014 | $5,383 | $351,300 -5.1% |
| 2013 | -- | $370,000 +1.8% |
| 2012 | -- | $363,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 34744
Nearby schools
Schools provided by the listing agent
- Elementary: East Lake Elem
- Middle: Narcoossee Middle
- High: Tohopekaliga High School
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





