Investor Alert — Income in Place, Location Unmatched. This is the kind of opportunity seasoned investors recognize immediately: a renovated, professionally managed condominium with a qualified tenant in place through March 2027, positioned in one of Central Florida's most strategically located zip codes. This unit at Lakeway Drive sits in the heart of the 32839 corridor — minutes from I-4, John Young Parkway, and Florida's Turnpike. The Mall at Millenia, ranked the #1 mall in Florida and among the top ten nationally, is just moments away. Universal Studios Florida, International Drive, and downtown Orlando (approximately 5 miles) are all within effortless reach. The community is served by local bus routes, making it accessible to a broad and consistent renter pool. The unit itself has been thoughtfully renovated and maintained to a high standard. The community offers a pool, tennis court, and community mailbox. The current tenant is in good standing under a lease expiring end of March 2027, providing the new owner with predictable, stable rental income from day one — no vacancy, no search, no uncertainty. Professional property management is already in place, making this an ideal hands-off investment for both in-state and out-of-state buyers. Whether you are building a portfolio, diversifying your assets, or entering the Central Florida investment market, this property delivers: a renovated unit, a reliable tenant, and a location that practically markets itself.
For sale
$124,999
Orlando, FL 32839
1beds
752sqft
Condominium
Built in 1983
-- sqft lot
$-- Zestimate®
$166/sqft
$239/mo HOA
What's special
Tennis courtRenovated unitCommunity mailbox
- 58 days |
- 39 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Paula Cordova Ibanez 407-618-9878,
EXP REALTY LLC 888-883-8509
Source: Stellar MLS,MLS#: S5148861
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Walk-In Closet(s)
- Level: Second
- Area: 168 Square Feet
- Dimensions: 14x12
Balcony porch lanai
- Level: Second
- Area: 72 Square Feet
- Dimensions: 12x6
Dining room
- Level: Second
- Area: 110 Square Feet
- Dimensions: 11x10
Kitchen
- Level: Second
- Area: 80 Square Feet
- Dimensions: 10x8
Laundry
- Level: Second
- Area: 48 Square Feet
- Dimensions: 8x6
Living room
- Level: Second
- Area: 143 Square Feet
- Dimensions: 13x11
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Disposal, Electric Water Heater, Range, Range Hood, Refrigerator
- Laundry: Laundry Room, Same Floor As Condo Unit
Features
- Ceiling Fan(s), Living Room/Dining Room Combo, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Laminate, Linoleum
- Has fireplace: No
Interior area
- Total structure area: 752
- Total interior livable area: 752 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony, Tennis Court(s)
Lot
- Size: 825 Square Feet
Details
- Parcel number: 092329499003706
- Zoning: R-3
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Community Mailbox, Deed Restrictions, Pool, Tennis Court(s)
- Pet fee: $0 monthly
- Subdivision: LEMON TREE CONDO SEC 02A
HOA
- Has HOA: No
- Services included: Community Pool, Maintenance Grounds, Pool Maintenance, Sewer, Trash, Water
- HOA fee: $239 monthly
- HOA name: Judah Burton
- HOA phone: 407-425-4561
Location
- Region: Orlando
Financial & listing details
- Price per square foot: $166/sqft
- Annual tax amount: $1,335
- Date on market: 4/30/2026
- Cumulative days on market: 59 days
- Listing terms: Cash,Conventional
- Ownership: Condominium
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Listed for sale | $124,999+13.6%$166/sqft |
Source:  Stellar MLS #S5148861 Report a problem | ||
| 2/25/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/16/2023 | Sold | $110,000+2056.9%$146/sqft |
Source: Public Record Report a problem | ||
| 2/14/2023 | Listed for rent | $1,325$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/16/2011 | Sold | $5,100-93%$7/sqft |
Source: Public Record Report a problem | ||
| 12/9/2005 | Sold | $72,500+64.8%$96/sqft |
Source: Public Record Report a problem | ||
| 3/30/2004 | Sold | $44,000$59/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,215 +71% | $75,200 +127.8% |
| 2023 | $710 +15.9% | $33,011 +10% |
| 2022 | $613 -2.5% | $30,010 +10% |
| 2021 | $629 +18.4% | $27,282 +10% |
| 2020 | $531 +6.1% | $24,802 +10% |
| 2019 | $500 +8.3% | $22,547 +10% |
| 2018 | $462 | $20,497 -30% |
| 2017 | $462 +18.6% | $29,300 +30.2% |
| 2016 | $390 +17.6% | $22,500 +46.1% |
| 2015 | $331 -15% | $15,400 -30% |
| 2014 | $390 +9.5% | $22,000 +9% |
| 2013 | $356 -3.9% | $20,192 -3.1% |
| 2012 | $370 +63.5% | $20,847 +64.2% |
| 2011 | $227 -3.8% | $12,697 -6.3% |
| 2010 | $235 | $13,550 -43.5% |
| 2009 | -- | $24,000 -56.4% |
| 2008 | $915 -10.3% | $55,000 -10.4% |
| 2007 | $1,019 +7.6% | $61,400 +17.8% |
| 2006 | $947 +32% | $52,140 +36.3% |
| 2005 | $718 +7.9% | $38,250 +6.6% |
| 2004 | $665 +0.2% | $35,875 +2.1% |
| 2003 | $664 +13.1% | $35,150 +13% |
| 2002 | $587 | $31,100 |
Monthly payment
Est. payment$--/mo
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: 32839
Getting around
36 / 100
Some TransitNearby schools
GreatSchools rating
- 3/10Catalina Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 4/10Memorial Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Oak Ridge High SchoolGrades: 9-12Distance: 2.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
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