1101 S Pennsylvania Avenue, Winter Park, FL 32789

$656,000

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Sold Price
$656,000
List Price
$749,000
Status
Sold
Days on Market
20
Closing Date
Oct 30, 2024
MLS#
O6238951
Lot Size
7,065
Acres
0.16
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Cherokee Park
MLS Area Major
Winter Park

Property Description

Investors and developers, here's your next opportunity! The VALUE is truly IN THE LAND with this prime 50’ x 141’ lot already surrounded by luxury townhomes, lakefront mansions, and located on a tree lined, brick street close to Winter Park's famed Park Ave. Build a spacious single-family home or maximize your ROI by constructing 2 townhouse/duplex style abodes; each side could boast over 2,000+ sq ft of interior living space plus each having a one-car garage. With Fee Simple ownership, you could generate significant returns by capitalizing on this highly desirable lot with a two-unit building. Situated just a short 5 minute walk to beautiful Lk Virginia, and a 10 minute walk to Rollins College, Park Avenue, and downtown Winter Park, this area is known for its wonderful restaurants, boutique shopping, charming train station, and Central Park, which hosts concerts, art festivals, and movies. The property currently features a rental duplex (both units are 2 bed, 1 bath), with one unit leased through May 2025 and the other is vacant. Please do not disturb the tenants. Contact us today to explore the full potential of this buildable site! VALUE is in the LAND.

Additional Information

Taxes
$7327
Location
Buildable, Curb and Gutters, Interior Lot, Sidewalk, Street Brick
Community Features
No Deed Restriction
Zoning
R-3
Utilities
Electricity Available, Sewer Available, Street Lights, Water Available
Pool
No Pool
Elementary School
Audubon Park K8
Middle School
Audubon Park K-8
High School
Winter Park High
Fences
Fenced, Vinyl
Pets
Allowed
Flood Zone Code
X
Parcel ID
07-22-30-1292-02-040
Legal Description
CHEROKEE PARK L/137 LOT 4 BLK B

Listing courtesy of KELLER WILLIAMS WINTER PARK. 407-545-6430

Selling Office: STELLAR NON-MEMBER OFFICE.

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