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15992 W COLONIAL DRIVE Oakland, FL $ 3,200,000
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15992 W COLONIAL DRIVE
$ 3,200,000
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15992 W COLONIAL DRIVE

Oakland, FL, 34787
$ 3,200,000
Bedrooms41 Baths75.0 Sq 17,021

Monthly Estimate*

$ 19,703

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15992 W COLONIAL DRIVE, Oakland, FL 34787 - Image 10
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Multi-Family Home for sale in Oakland, FL

for $3,200,000 with 41 bedrooms and 75 full baths. This 17,021 square foot home was built in 1951 on a lot size of 2.15.

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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Multi-Family Active

Price

$ 3,200,000

Bedrooms

41

Full Bath

75

Property Type

Multi-Family

Taxes

$ 29,405

Style

Duplex

Lot Size

2.15

Year Built

1951

Town/City

Oakland

County/Region

Orange

MLS | Web ID

O6395167
Features
General
Sewer Septic Tank
Heating Other
Cooling Other Wall/Window Unit(s)
Utilities Other
Roof Other Shingle
Zoning C-1
Construction Materials Other
Year Built 1951
Tenant Pays Electricity Gas Water
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Gross Income 115200
County Orange
New Construction false
Property Type Residential Income
Subdivision Name LAKE JOHNS MOTEL APTS. & TR. PK
Garage Y/N false
Status Active
Directions off i4 head west on Colonial drive will be on your left
City OAKLAND
Senior Community Y/N false
Number Of Units Total 32
MLS Area 34787 - Winter Garden/Oakland
Lot Size Units Acres
Lot Size Square Feet 93655
Carport Y/N false
Listing Terms Cash Conventional Owner May Carry
Land Lease Y/N false
Tax Annual Amount 29405.02
Property Condition Fixer
Ok to Lease >6 Months <12
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6395167
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 3
Total Actual Rent 23575
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
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE*
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Interior
Interior Amenities Other
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Other
Total Bedrooms 41
Total Baths 75
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Exterior
Exterior Amenities Other Private Mailbox
Water Source Well
Lot Size Area 2.15
Foundation Details Crawlspace Other
Number of Buildings 32
Building Area Total 17021
Lot Size Acres 2.15
Road Surface Type Other
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Remax Sunstate Realty

Broker

morelandatlanticgroup@gmail.com

Email

Affordability Calculator

$22,153
Per Month
89%
11%
0%
Monthly Principal & Interest
$19,703
Monthly Property Taxes
$2,450
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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/31/2026 $3,200,000 Listed Price

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15992 W COLONIAL DRIVE, Oakland, FL, 34787 is a Multi-Family Home for sale at $3,200,000 with 17,021 sqft and a lot size of 2.15. 15992 W COLONIAL DRIVE has 41 bedrooms, 75.0 baths, and was built in 1951. The property's zip code is 34787 which is in Oakland, FL

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