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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Owner options
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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#: O6131517
Originating 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
| Date | Event | Price |
|---|---|---|
| 12/1/2023 | Sold | $600,000-13.7%$286/sqft |
Source: | ||
| 10/29/2023 | Pending sale | $695,000$332/sqft |
Source: | ||
| 10/9/2023 | Price change | $695,000-4.1%$332/sqft |
Source: | ||
| 9/28/2023 | Price change | $725,000-9.4%$346/sqft |
Source: | ||
| 9/14/2023 | Price change | $800,000-20%$382/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
- 7/10Pershing Elementary SchoolGrades: PK-8Distance: 1.3 mi
- 3/10Oak Ridge High SchoolGrades: 9-12Distance: 2.4 mi
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

