DOCTORS
Oviedo, FL, 32765 $ 299,900
Baths0.0 Monthly Estimate*
$ 1,847
Studio for $299,900. The lot size is 0.57.
Opportunity Awaits — Builders & Investors Take Notice! The possibilities are endless with this unique development opportunity located in the highly desirable City of Oviedo. Per the City of Oviedo, the property is entitled to accommodate up to four total units based on its acreage. With the existing income-producing single-family home already in place, this creates the opportunity to build up to three additional units — design the project that best fits your vision. Potential options include three additional single-family homes, a duplex plus one single-family residence, or a triplex configuration. The entire property consists of a large triangular parcel. The smaller interior triangle represents the existing homesite, while Parcel B designates the area approved for future development. City documentation and surveys outlining buildable areas and property layout are available for review. The existing single-family home is currently leased at $1,500 per month, providing immediate cash flow while planning future construction. Though modest in size, the home is full of charm and has been recently updated with a renovated kitchen featuring granite countertops and stainless steel appliances, an updated bathroom, fresh interior and exterior paint, luxury vinyl plank flooring throughout, modern lighting, and updated air conditioning. Location truly sets this property apart. Just minutes from Oviedo on the Park, residents enjoy access to dining, shopping, community events, an amphitheater, splash pad, and popular gatherings such as Oktoberfest at Oviedo on the Park and Bark & Brew. Nearby attractions include Twin Rivers Golf Club, convenient access to State Road 417, and easy drives to Central Florida’s world-famous theme parks and beaches. The property also benefits from proximity to major educational and employment hubs including University of Central Florida, Full Sail University, Central Florida Research Park, and Seminole State College of Florida — all within approximately 20 minutes. Consistently ranked among the top small cities in the United States, Oviedo offers exceptional quality of life and top-rated public schools, making this an outstanding opportunity for developers, investors, or builders looking to capitalize on growth in one of Central Florida’s most sought-after areas. Priced aggressively for a quick sale — act fast before this rare opportunity is gone!
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FeaturesGeneralSewer Septic Tank
Utilities Electricity Available Private Water Available Water Connected
Possession Close Of Escrow
Zoning R2
Tax Year 2024
Current Use Residential
Ownership Fee Simple
Additional Parcels Description 15-21-31-501-0000-0070
County Seminole
Property Type Land
Status Active
Directions From State Road 417 take the Red Bug Lake Road exit east toward Oviedo continue onto Mitchell Hammock Road turn left onto Oviedo Boulevard near Oviedo on the Park then right onto Doctors Drive to 585 Doctors Dr
City OVIEDO
MLS Area 32765 - Oviedo
Lot Size Units Square Feet
Lot Size Square Feet 24935
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 1557
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6386063
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description PT OF LOT 7 DESC AS BEG AT NW COR RUN E 234.75 FT S 47 DEG 33 MIN 04 SEC W 133.74 FT W 135.01 FT N 90.27 FT TO BEG MARTINS PLAN PB 7 PG 75
Water Access Y/N false
Water View Y/N false
Flood Zone Code x
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ExteriorVegetation Mature Landscaping
Water Source Well
Lot Size Area 24935
Lot Dimensions 90 x 135 x 133 x 234
Lot Size Acres 0.57
Road Surface Type Paved
Waterfront Y/N false
Number of Lots 2
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* Excluded FeaturesList Bykatienguyensellsorlando@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,847
- Monthly Property Taxes
- $130
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Oviedo, FL
Average List Price $857,746
Percent of Sale Price 186%
About Oviedo, FL 36,833 Population
43% Since 2002
$ 79,370 Median Income
36.92 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/26/2026 | $299,900 | | Listed Price |