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$229,900
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Property Description
Welcome to Park Lake Towers, where high-rise convenience meets everyday comfort in the heart of downtown Orlando. This spacious 1,109 SF, 1-bedroom, 2-full-bath residence on the 5th floor offers a rare layout with true potential-easily converts into a 2-bedroom, 2-bath home with the simple addition of one wall, giving each bedroom its own private bath. The oversized primary suite is a standout, featuring two walk-in closets, a separate sink vanity area, and a private soaking tub with a separate shower. Storage abounds throughout the unit, with generous closet space at nearly every turn, including a welcoming foyer entry with its own front closet. The open living room flows seamlessly to a private, walk-out balcony facing east, perfect for morning coffee, while a dedicated dining space just off the kitchen makes everyday living and entertaining effortless. A deeded parking space is included, and while there's no in-unit laundry, the building offers a convenient laundry room on every floor. Residents enjoy an impressive lineup of amenities including a resort-style pool, fitness center, recreation room, business center, ample meeting space, onsite management, and elevator access-with HOA dues covering it all, including water, trash, sewer, pest control, cable, and internet, for truly all-inclusive living. Tucked in a quiet, private setting just minutes from downtown Orlando, Lake Eola, Thornton Park, and premier shopping, this pet-free building offers an unbeatable location paired with low-maintenance luxury. With a motivated seller ready to make a deal, this is an incredible opportunity to own a unit brimming with potential in one of downtown Orlando's most convenient addresses.
Full Property Details
Full Property Details for 400 E Colonial Dr #508
General
- Price: $229,900
- HOA FEE: $850/month
- Taxes: $1,138 (2025)
- Status: Active
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: O6438577
- Updated: 9/3/2026
- Added to Site: 37 day(s) ago
Rental Information
- Min. Lease: 1-2 Years
Interior
- Number of Rooms: 6
- Interior Features: Open Floorplan, Thermostat, Walk-In Closet(s), Window Treatments
- Appliances: Dishwasher, Disposal, Range, Range Hood, Refrigerator
- Furnishings: Unfurnished
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Common Area
Additional Information
- Shared Amenities: Cable TV, Elevator(s), Fitness Center, Laundry, Pool
Exterior
- Exterior Features: Balcony, Sliding Doors
Location
- Area: 32803 - Orlando/Colonial Town
- County: Orange
- Development Name: 32803 - Orlando/Colonial Town
- Subdivision: PARK LAKE TOWERS
- Driving Directions: From I4: Head East on Colonial Drive. Building on right hand side, just past Highland Avenue. Guest Park is in back off Hillcrest.
- Direction Faces: North
School Information
- Elementary School: Lake Como Elem
- High School: Edgewater High
Community
- Community Name: 32803 - Orlando/Colonial Town
- Community Features: Buyer Approval Required, Community Mailbox, Fitness Center, Pool
- Optional Amenities: Cable TV, Elevator(s), Fitness Center, Laundry, Pool
- Association: Yes
- Assoc. Name: Chris Bertoch, LCAM
- Assoc. Fees Include: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected
Structural Information
- Exterior Const.: Block, Stucco
- Roof: Other
- Windows: Shades
- Stories/Levels: One
- Square Feet: 1,109
- Sq. Ft. Source: Public Records
- Year Built: 1975
Lot Features
- Property View: City
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,046
- Lot Size: 12046
- Street/Road Desc.: Paved
Financial Considerations
- Assoc Fee Freq.: Monthly
- Assoc Fee Desc.: Required
- Condo Fee: $850
- Condo Fee Freq: Monthly
- Tax Amount: $1,138
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: PARK LAKE TOWERS CONDO CB 3/92 UNIT 508
- Flood Zone Info: X
- APN: 252229667705080
- Property ID: 252229667705080
- Block/Lot/Section: 5
Listed by Kelly Price & Company Llc
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Schools
Schools serving 400 E Colonial Dr #508
School District:Orange County School District
| Name | Grades | Distance |
|---|---|---|
Lake Como Elementary School 2450 East Gore Street, Orlando, FL 32806 | PK-8 | 2 mi |
Edgewater High School 3100 Edgewater Drive, Orlando, FL 32804 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 400 E Colonial Dr #508
Date
Details
Price
Change
Source
9/03/2026
Listed
$229,900
—
MLS
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 400 E Colonial Dr #508
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,138
5%
$109,965
6%
2024
$1,084
7%
$104,056
3%
2023
$1,017
—
$101,025
6%
2021
$1,018
-3%
$95,226
-3%
2022
$1,049
3%
$98,083
4%
2021
$1,018
4%
$93,911
2%
2019
$980
2%
$91,800
2%
2018
$961
1%
$90,088
2%
2017
$947
2%
$88,235
2%
2016
$933
-1%
$86,420
1%
2015
$947
—
$85,819
1%
2014
$949
7%
$85,138
1%
2013
$883
—
$83,880
—
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 400 E Colonial Dr #508
400 E Colonial Drive #508, Orlando, FL 32803 (MLS# O6438577) is a Condo property with 1 bedroom and 2 full bathrooms. 400 E Colonial Drive #508 is currently listed for $229,900 and was received on September 03, 2026. Want to learn more about 400 E Colonial Drive #508? Do you have questions about finding other Condo real estate for sale in Orlando? You can browse all Orlando real estate or contact a Coldwell Banker agent to request more information.

