Waterfront - Fixer Upper
Address
2690 E Lake Road, KISSIMMEE, FL
Price
$ 1,938,000
Property Attributes
- MLS#O6420498
- TypeIncome
- Listing Status Active
- CountyOsceola
- CityKISSIMMEE
- AreaKissimmee
- NeighborhoodACREAGE & UNREC
- Zip34744
- StyleDuplex
- Year Built1996
- Taxes$ 8828
- Price$ 1,938,000
- Bedrooms6
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3429
- Lot Size6.46 Acres
Data Source:
Stellar MLS
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| East Lake Elem Elementary School | Narcoossee Middle Middle School | Tohopekaliga High School High School |
| Price History | |
|---|---|
| 6/27/2026 | Listed $1,938,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Electric |
| Cooling | Central Air |
| Utilities | Electricity Connected |
| Roof | Other |
| Zoning | R-1M |
| Garage Spaces | 4 |
| Patio/Porch Features | Deck |
| Pool Features | In Ground |
| Construction Materials | Block,Concrete,Stucco |
| Pets Allowed | Yes |
| Year Built | 1996 |
| Tenant Pays | Electricity |
| View | Garden,Pool,Trees/Woods,Water |
| Property Subtype | Duplex |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Waterfront Features | Canal Front |
| Additional Parcels Description | 10-25-30-0000-0221-0000 |
| County | Osceola |
| New Construction | false |
| Property Type | Residential Income |
| Attached Garage | false |
| Subdivision Name | ACREAGE & UNREC |
| Garage Y/N | true |
| Other Structures | Boat House,Guest House |
| Status | Active |
| Directions | Follow FL-417 N to State Hwy 527A/Boggy Creek Rd. Take exit 17B from FL-417 N. Continue on Boggy Creek Rd. Drive to E Lake Rd in Osceola County, Turn right onto State Hwy 527A/Boggy Creek Rd, Turn right onto Nele Rd, Nele Rd turns right and becomes Sharpey Rd, Turn left onto E Lake Rd |
| High School | Tohopekaliga High School |
| City | KISSIMMEE |
| Senior Community Y/N | false |
| MLS Area | 34744 - Kissimmee |
| Lot Size Units | Acres |
| Lot Size Square Feet | 281397 |
| Carport Spaces | 2 |
| Carport Y/N | true |
| Listing Terms | Cash,Conventional |
| Elementary School | East Lake Elem |
| Land Lease Y/N | false |
| Tax Annual Amount | 8828.86 |
| Middle/Junior High School | Narcoossee Middle |
| Property Condition | Fixer |
| Additional Parcels Y/N | true |
| Virtual Tour | https://media.floridahomephoto.com/sites/ezqyzajb/unbranded |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Tax Lot | 1 |
| Total Actual Rent | 2500 |
| Legal Description | BEG 2597.65 FT S OF NW COR GOVT LOT 1, S 382.58 FT, NELY 350.49 FT, N 298.39 FT, W 340 FT TO POB. BEG 2129.15 FT S & 340 FT E OF NW COR GOV LOT 1, CONT E 85.01 FT, S 331 FT, SELY 405.68 FT, SWLY TO A PT DUE S OF POB, N TO POB & BEG 50 FT W OF NW COR BLK C NE LAKE EST, W 205 FT, S 331 FT, SELY 405.68 FT, NELY ALONG SHORELINE EAST LAKE TO SW COR BLK C NE LAKE EST, N TO A PT 822 FT S OF NW COR BLK C NE LAKE EST, S 76 DEG W 80 FT, N 21 DEG W 342.23 FT, N 90 FT, E 56 FT, N 50 FT, E 95 FT, N 191 FT TO POB LESS BEG S 109 FT & W 57 FT OF NW COR BLK C NORTHEAST LAKE ESTATES, W 23 FT, S 50 FT, E 23 FT, N 50 FT & LESS BEG S 161 FT & W 122 FT OF SAID NW COR, W 23 FT, S 30 FT, E 23 FT, N 30 FT & LESS BEG S 89 FT, W 105 FT OF SAID NW COR, W 10 FT, S 23 FT, E 10, N 23 FT |
| Water View | Canal,Lake |
| Water Access Type | Canal - Freshwater,Lake |
| Water Access Y/N | true |
| Water View Y/N | true |
| Flood Zone Code | AE |
| DockY/N | false |
Interior Features
| Interior Amenities | Ceiling Fan(s) |
|---|---|
| Common Walls | End Unit |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | Common Area |
| Total Bedrooms | 6 |
| LivingAreaSource | Appraiser |
| Total Baths | 5 |
Exterior Features
| Exterior Amenities | Garden |
|---|---|
| Parking Features | Boat,Covered,Oversized,RV Parking |
| Lot Features | Corner Lot,Oversized Lot,Private,Street Dead-End |
| Water Source | Well |
| Lot Size Area | 6.46 |
| Foundation Details | Block |
| Number of Buildings | 4 |
| Spa | false |
| Building Area Total | 4881 |
| Lot Size Acres | 6.46 |
| Road Surface Type | Dirt |
| Frontage Length | Canal: 50 |
| Private Pool | true |
| Waterfront Y/N | true |
| Covered Spaces | 6 |
| Road Frontage Type | Street Dead-End |
| Number of Lots | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 34744
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 28, 2026 4:05 PM UTC
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
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© 2026 Greater Alabama MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Numen Realty Advisors. Data last updated: September 28, 2026 3:54 PM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
