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Active Residential

15992 W COLONIAL DRIVE

Oakland, FL 34787

STELLAR #O6395167 Updated: Apr 6, 2026, 1:53pm
$3,200,000
41 Beds • 75 Baths • 17,021 SqFt
Property
ActiveResidential
1/10
$3,200,000

15992 W COLONIAL DRIVE

Oakland, FL 34787
41
Beds
75
Baths
17,021
SqFt
2.15
Acres
STELLAR
#O6395167
Updated: Apr 6, 2026, 1:53pm

Property Description

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)
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Property Details

Interior
Building Area Total
17021
Cooling
OtherWall/Window Unit(s)
Heating
Other
Interior Features
Other
Laundry Features
Other
Living Area
17021
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Other
Foundation Details
CrawlspaceOther
Levels
One
Living Area Source
Public Records
Living Area Units
Square Feet
Number Of Units Total
32
Property Condition
Fixer
Roof
OtherShingle
Year Built
1951
Site & Exterior
Exterior Features
OtherPrivate Mailbox
Flood Zone Code
AE*
I D X Participation
Yes
Lot Size Acres
2.15
Lot Size Area
2.15
Lot Size Square Feet
93655
Lot Size Units
Acres
Public Survey Range
27
Public Survey Section
28
Road Surface Type
Other
Sewer
Septic Tank
Total Acreage
2 to less than 5
Utilities
Other
Water Source
Well
Zoning
C-1
Financials
Calculated List Price By Calculated Sq Ft
188
Contract Status Change Date
2026-03-31
Current Price
3200000
Feed Types
BBO
Lease Term
>6 Months <12
Owner Name
LAKE JOHNS APARTMENTS & RV PARK LLC
Ownership
Fee Simple
Parcel Number
282227000000003
Public Survey Township
22
Tax Annual Amount
29405.02
Tax Block
00
Tax Book Number
28
Tax Legal Description
N 387 FT OF W 300 FT OF NW1/4 OF NW1/4 (LESS N 75 FT IN STATE RD) OF SEC 28-22-27
Tax Lot
3
Tax Year
2025
Total Actual Rent
23575

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34787 - Winter Garden/Oakland
S W Subdiv Community Name
Not Applicable
Subdivision Name
LAKE JOHNS MOTEL APTS. & TR. PK
Listing provided courtesy of STELLAR via IDX. Updated: Apr 6, 2026, 1:53pm.
Kyler Moreland

Listing Agent

REMAX SUNSTATE REALTY

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