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$3,200,000 Just Listed
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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)
Full Property Details
Full Property Details for 15992 W Colonial Dr
General
- Price: $3,200,000
- Taxes: $29,405 (2025)
- Status: Active
- Type: Duplex
- Source: MidFloridaRegionalMLS
- MLS ID: O6395167
- Updated: 3/31/2026
- Added to Site: 1 day(s) ago
Rental Information
- Lease/Rent Term: >6 Months <12
Interior
- Interior Features: Other
Rooms
Bathrooms
- Total Bathrooms: 75
Bedrooms
- Total Bedrooms: 41
Other Rooms
- Laundry: Other
Exterior
- Exterior Features: Other, Private Mailbox
Location
- Area: 34787 - Winter Garden/Oakland
- County: Orange
- Development Name: 34787 - Winter Garden/Oakland
- Subdivision: LAKE JOHNS MOTEL APTS. & TR. PK
- Driving Directions: off i4 head west on Colonial drive will be on your left
Community
- Community Name: 34787 - Winter Garden/Oakland
Heating & Cooling
- Cooling Type: Other, Wall/Window Unit(s)
- Heating Type: Other
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Other
Structural Information
- # Buildings: 32
- Exterior Const.: Other
- Roof: Other, Shingle
- Stories/Levels: One
- Square Feet: 17,021
- Sq. Ft. Source: Public Records
- Year Built: 1951
Lot Features
- Lot Size (Acres): 2.15
- Lot Size (Sq. Ft.): 93,655
- Lot Size: 2.15
- Street/Road Desc.: Other
Financial Considerations
- Tax Amount: $29,405.02
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- 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
- Flood Zone Info: AE*
- APN: 282227000000003
- Property ID: 282227000000003
Listed by Remax Sunstate Realty
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Price & Sales History for 15992 W Colonial Dr
Date
Details
Price
Change
Source
3/31/2026
Listed
$3,200,000
60.8%
MLS
12/14/2022
Sold
$1,990,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 15992 W Colonial Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$32,867
—
$1,621,201
-10%
2024
$32,867
9%
$1,810,564
6%
2023
$30,166
91%
$1,703,347
74%
2021
$15,811
-5%
$977,396
-4%
2022
$16,628
5%
$1,019,248
39%
2021
$15,811
22%
$733,932
3%
2019
$12,926
6%
$711,988
5%
2018
$12,212
4%
$679,690
—
2017
$11,716
17%
$677,220
32%
2016
$10,056
-1%
$511,517
1%
2015
$10,191
-1%
$507,523
—
2014
$10,330
3%
$507,639
3%
2013
$10,016
—
$494,628
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 15992 W Colonial Dr
15992 W Colonial Drive, Oakland, FL 34787 (MLS# O6395167) is a Duplex property with 41 bedrooms and 0 full bathrooms. 15992 W Colonial Drive is currently listed for $3,200,000 and was received on March 31, 2026. Want to learn more about 15992 W Colonial Drive? Do you have questions about finding other Duplex real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

