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$125,000
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Property Description
One or more photo(s) has been virtually staged. 8.73% annual ROI !! Cash-flowing condo in the highly desirable Millenia area. Park Central community is an hidden gem, it's one of those "you don't even know it's there" communities offering convenience and lifestyle. Low HOA for the area. HOA INCLUDES WATER, SEWER, PEST CONTROL & VALET TRASH, EXTERIOR MAINTENANCE AND ALL AMENITIES. All state inspections (Milestone & SIRS) completed and passed. No special assessments! Community offers 5 pools, huge gym and fitness classes(yoga, Zumba, Sculpt, Cardio), dry sauna, 2 tennis courts, sand volleyball, indoor basketball, restaurant, store, trails, 24-hour manned gate and security and on-site HOA management office. Tenant is month-to-month, paying $1,485/month, wishes to renew and has kept the unit very clean. Perfect for investors seeking immediate income or owner-occupants - buyer may occupy with a 30-day notice to tenant to vacate. Interior features include vaulted ceilings, a large screened balcony, updated bathroom, Nest thermostat and in-unit laundry with washer/dryer. *Monthly Expenses (Property Taxes, condo insurance): approx. $234 + HOA $287.01 *Net Cash Flow: approx. $964/month *Annual Net Income: approx. $11,568 *Cap Rate: 8.73% PRIME MILLENIA LOCATION: Publix at the community entrance, 10 min to NEW Universal Epic Universe Park, 2 min to Mall at Millenia, 10 min to Universal Orlando Parks, 20 min to Disney & SeaWorld, Easy access to I-4, 408 & Turnpike.
Full Property Details
Full Property Details for 5016 Park Central Dr #2231
General
- Sold For: $125,000
- HOA FEE: $287/month
- Taxes: $2,012 (2025)
- Status: Closed
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: O6281250
- Added to Site: 412 day(s) ago
Rental Information
- Min. Lease: 3 Months
Interior
- Number of Rooms: 3
- Interior Features: Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Shared Amenities: Basketball Court, Sauna, Security, Spa/Hot Tub, Trail(s)
- Security/Safety: Fire Alarm, Gated Community, Security Fencing/Lighting/Alarms, Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Lighting, Sidewalk, Sliding Doors
- Deck/Patio: Covered, Porch, Screened
- Porch/Patio/Deck: Covered, Porch, Screened
Location
- Area: 32839 - Orlando/Edgewood/Pinecastle
- County: Orange
- Development Name: 32839 - Orlando/Edgewood/Pinecastle
- Subdivision: BELMONT AT PARK CENTRAL CONDOMINIUM
- Driving Directions: From community entrance on John Young Pkwy, from Grand Central Pkwy, turn left onto Park Central Pkwy, destination is on the right .
- Direction Faces: West
Community
- Community Name: 32839 - Orlando/Edgewood/Pinecastle
- Community Features: Clubhouse, Community Mailbox, Fitness Center, Gated Community - Guard, Pool, Racquetball, Restaurant, Sidewalks, Tennis Court(s)
- Optional Amenities: Basketball Court, Sauna, Security, Spa/Hot Tub, Trail(s)
- Association: Yes
- Assoc. Name: Maria D. Loffredo | LCAM, GENERAL MANAGER - PARK C
- Assoc. Fees Include: 24-Hour Guard, Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
- Pet Restrictions: CONTACT HOA DIRECTLY FOR PET RESTRICTIONS.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Exterior Const.: Vinyl Siding, Wood Frame
- Roof: Shingle
- Common Walls: End Unit
- Windows: Blinds
- Stories/Levels: One
- Square Feet: 669
- Sq. Ft. Source: Builder
- Living Area: 669 Sq. Ft.
- Year Built: 1994
Lot Features
- Street/Road Desc.: Asphalt
Financial Considerations
- Association Fee: $287
- Assoc Fee Freq.: Monthly
- Assoc Fee Desc.: Required
- Tax Amount: $2,012.34
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: BELMONT AT PARK CENTRAL CONDOMINIUM 8371/1424 UNIT 222-2231
- Flood Zone Info: X
- APN: 162329063402231
- Property ID: 162329063402231
- Block/Lot/Section: 2
Listed by Empire Network Realty
Sold by Urban Key Realty Corp
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Schools
Schools serving 5016 Park Central Dr #2231
School District:Orange County School District
| Name | Grades | Distance |
|---|---|---|
Millennia Gardens Elementary 3515 Gardens Ridge Way, Orlando, FL 32839 | PK-5 | 0.6 mi |
Memorial Middle School, Orlando, FL 2220 29th Street, Orlando, FL 32805 | 6-8 | 1.3 mi |
Oak Ridge High School 700 West Oak Ridge Road, Orlando, FL 32809 | 9-12 | 2.2 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 5016 Park Central Dr #2231
Date
Details
Price
Change
Source
3/31/2026
Sold
$125,000
-5.3%
MLS
3/01/2026
Price Reduced
$132,000
-0.38%
MLS
2/21/2026
Price Reduced
$132,500
-1.12%
MLS
2/10/2026
Price Reduced
$134,000
-0.67%
MLS
2/07/2026
Price Reduced
$134,900
-0.07%
MLS
1/19/2026
Price Reduced
$135,000
-2.53%
MLS
1/13/2026
Price Reduced
$138,500
-0.36%
MLS
12/29/2025
Price Reduced
$139,000
-0.36%
MLS
12/05/2025
Price Reduced
$139,500
-0.36%
MLS
11/06/2025
Price Reduced
$140,000
-0.36%
MLS
10/31/2025
Price Reduced
$140,500
-0.35%
MLS
10/22/2025
Price Reduced
$141,000
-0.7%
MLS
10/15/2025
Price Reduced
$142,000
-0.7%
MLS
10/06/2025
Price Reduced
$143,000
-1.38%
MLS
8/27/2025
Price Reduced
$145,000
-2.03%
MLS
6/27/2025
Price Reduced
$148,000
-0.67%
MLS
5/12/2025
Price Reduced
$149,000
-3.87%
MLS
2/14/2025
Listed
$155,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5016 Park Central Drive #2231, Orlando, FL 32839 (MLS# O6281250) is a Condo property that was sold at $125,000 on March 31, 2026. Want to learn more about 5016 Park Central Drive #2231? 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.

