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$520,000 Just Listed
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Property Description
City-Approved Orlando Townhome Development - Prime Investment Opportunity An exceptional opportunity to acquire a strategically located residential development featuring four modern, single-story townhomes, each designed with 3 bedrooms, 2 bathrooms, and approximately 1,650 SF of living space. A major advantage of this opportunity is that the development plans have already been approved by the City, allowing a buyer or developer to move forward with significantly less entitlement and approval risk and saving valuable time in the development process. The property is ideally positioned in a highly accessible Orlando location, just 5 minutes from the Florida Turnpike and Orange Blossom Trail (OBT) and approximately 10 minutes from I-4 and FL-528, providing convenient connectivity to employment centers, shopping, dining, entertainment, and surrounding Orlando communities. With City-approved plans, four thoughtfully designed residences, and a well-connected location, this project offers investors and builders an attractive opportunity to bring a desirable residential product to one of Central Florida's most active housing markets. The plans are approved. The vision is established. The opportunity is ready for the next developer.
Full Property Details
Full Property Details for 512 Palmetto St
General
- Price: $520,000
- Taxes: $2,616 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: S5159107
- Updated: 10/7/2026
- Added to Site: 2 day(s) ago
Location
- Area: 32824 - Orlando/Taft / Meadow woods
- County: Orange
- Development Name: 32824 - Orlando/Taft / Meadow woods
- Subdivision: SPAHLERS ADD
- Driving Directions: From Florida’s Turnpike, take the exit for Orange Blossom Trail (OBT) and head south. Turn left onto Central Florida Parkway, then take a right onto Palmetto Street. The property is located at 512 Palmetto Street, on the corner lot. Alternatively, from I-4, connect to FL-528 (Beachline Expressway) heading east. Exit at Orange Blossom Trail, head south, and follow the same route to Palmetto Street.
Community
- Community Name: 32824 - Orlando/Taft / Meadow woods
Utilities
- Sewer: Septic Needed
- Water: Public
- Utility Description: Electricity Available, Public, Water Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.49
- Lot Size (Sq. Ft.): 21,449
- Lot Size: 21449
- Lot Dimensions: 150 x 143
- Street/Road Desc.: Asphalt
- Fencing (Description): Board, Wood
Financial Considerations
- Price Per Acre: $1,061,224
- Tax Amount: $2,616.1
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: SPAHLERS ADDITION TO TAFT D/114 LOTS 4 5& 6 BLK E TIER 3
- Flood Zone Info: x
- APN: 362329822830504
- Property ID: 362329822830504
- Block/Lot/Section: E
Listed by Arod Partners Realty
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Schools
Schools serving 512 Palmetto St
School District:Orange County School District
| Name | Grades | Distance |
|---|---|---|
Cypress Park Elementary School 9601 11th Avenue, Orlando, FL 32824 | PK-5 | 1 mi |
Judson B Walker Middle School 150 Amidon Lane, Orlando, FL 32809 | 6-8 | 1.8 mi |
Cypress Creek High School 1101 Bear Crossing Drive, Orlando, FL 32824 | 9-12 | 3.7 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 512 Palmetto St
Date
Details
Price
Change
Source
10/07/2026
Listed
$520,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 512 Palmetto St
512 Palmetto Street, Orlando, FL 32824 (MLS# S5159107) is a Lots/Land property with a lot size of 0.49 acres. 512 Palmetto Street is currently listed for $520,000 and was received on October 07, 2026. Want to learn more about 512 Palmetto Street? Do you have questions about finding other Lots/Land real estate for sale in Orlando? You can browse all Orlando real estate or contact a Coldwell Banker agent to request more information.

