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Sold for $600,000 on 12/01/23
  • $600,000

    5121 Pleasure Island Rd, Belle Isle, FL 32809

    3beds
    2,096sqft
    Single Family Residence
    Built in 1950
    1.18 Acres Lot
    $716,500 Zestimate®
    $286/sqft
    $2,806 Estimated rent

    Home value

    $716,500

    $645,000 - $802,000

    $2,806/mo

    Zestimate® history
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    $4,117/mo

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    What's special

    Welcome to your dream property in exclusive Belle Isle! This unique and prime piece of land offers endless possibilities, with a massive potential waiting to be realized. Situated on over 1 acre of canal-front property, this custom-built home opportunity is a rare gem amidst multi-million dollar estates on beautiful Lake Conway. Currently featuring a triplex with three separate meters, this property's true value lies in the expansive canal-front acreage that beckons for a custom-designed residence. However, if you're a visionary investor, the potential to unlock even greater value awaits. With the right development vision, this lot can potentially be subdivided into three separate lots. One lot could have access from Pleasure Island Rd., while the other two would be accessible from Cross Lake Rd. Opportunities like this are exceedingly rare, making it an attractive proposition for savvy developers. Privacy is paramount on this property, nestled among majestic oaks and strategically tucked away from the road. The canvas is yours to paint, allowing your imagination to run free in crafting your ideal oasis. Location is everything, and this property has it all. Situated just a few lots down from the highly exclusive Oak Island and only a block away from one of the Parade of Homes' stunning contemporary estates. What's more, this property is zoned Pershing K-8 School and there's NO HOA, giving you the freedom to realize your vision without limitations. Despite its secluded feel, this property is surprisingly well-connected. Enjoy the convenience of being just a short 10-minute drive from downtown Orlando, and Orlando International Airport and only a mere 5 minutes to the trendy SoDo District. We are working with the Orange County Water Authority to have them clear the overgrown cattails and melaleuca, which might appear as land but is not. There is approximately 150 feet along the shoreline that could potentially be cleared to permit the construction of a dock, providing direct access to the coveted Chain of Lakes. Further details are forthcoming, which could potentially increase the development opportunities for this incredible property. Seize this once-in-a-lifetime chance to create your masterpiece in Belle Isle, where luxury living, canal-front bliss, and untapped potential converge. This opportunity won't last long, so act swiftly to secure your piece of paradise! Contact us today for more information and to schedule a private showing. <div style="padding:56.25% 0 0 0;position:relative;"><iframe src="https://my.matterport.com/show/?m=4DPg69a6xXo&mls=1" frameborder="0" allow="autoplay; fullscreen" allowfullscreen style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></div> <div style="padding:56.25% 0 0 0;position:relative;"><iframe src="https://my.matterport.com/show/?m=xpgxzScGFDL&mls=1" frameborder="0" allow="autoplay; fullscreen" allowfullscreen style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></div>

    Zillow last checked: 8 hours ago

    Listing updated: December 04, 2023 at 09:31am

    Listing Provided by:

    Brad Young 407-897-5400,

    HOMEVEST REALTY 407-897-5400

    Bought with:

    Brad Young, 3233578

    HOMEVEST REALTY

    Source: Stellar MLS,MLS#: O6131517MLS LogoOriginating MLS: Orlando Regional

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Microwave, Range, Refrigerator
    • Laundry: Outside
    Features
    • Ceiling Fan(s), Solid Surface Counters, Stone Counters, Thermostat
    • Flooring: Laminate
    • Has fireplace: Yes
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 2,552
    • Total interior livable area: 2,096 sqft

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Private Mailbox
    • Has view: Yes
    • View description: Water, Canal, Lake
    • Has water view: Yes
    • Water view: Water,Canal,Lake
    • Waterfront features: Canal - Freshwater, Lake - Chain of Lakes, Freshwater Canal Access, Lake Privileges
    • Body of water: LAKE CONWAY
    Lot
    • Size: 1.18 Acres
    • Features: Corner Lot, In County, Oversized Lot
    • Residential vegetation: Mature Landscaping, Oak Trees
    Details
    • Parcel number: 182330716400590
    • Zoning: R-1-AA
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Block
    • Foundation: Crawlspace
    • Roof: Other
    Condition
    • Completed
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available, Private, Public, Water Available, Water Connected

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Belle Isle
    • Subdivision: PLEASURE ISLAND REP

    HOA & financial

    HOA
    • Has HOA: No
    Other fees
    • Pet fee: $0 monthly
    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Road surface type: Paved, Asphalt

    Price history

    DateEventPrice
    12/1/2023Sold$600,000-13.7%$286/sqft
    Source: Stellar MLS #O6131517 Report a problem
    10/29/2023Pending sale$695,000$332/sqft
    Source: Stellar MLS #O6131517 Report a problem
    10/9/2023Price change$695,000-4.1%$332/sqft
    Source: Stellar MLS #O6131517 Report a problem
    9/28/2023Price change$725,000-9.4%$346/sqft
    Source: Stellar MLS #O6141941 Report a problem
    9/14/2023Price change$800,000-20%$382/sqft
    Source: Stellar MLS #O6140496 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$9,051 +24.1%$523,765 +25.2%
    2023$7,294 +5.2%$418,219 +4.4%
    2022$6,936 +15.9%$400,723 +6.1%

    Find assessor info on the county website

    Neighborhood: 32809

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Pershing Elem
    • Middle: PERSHING K-8
    • High: Oak Ridge High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value

    $716,500

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $716,500