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585 Doctors Drive
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PRICED AT ONLY: $299,900

Address: 585 Doctors Drive, OVIEDO, FL 32765

Description

Opportunity Awaits Builders & Investors Take Notice! The possibilities are endless with this unique development opportunity located in the highly desirable City of Oviedo. Per the City of Oviedo, the property is entitled to accommodate up to four total units based on its acreage. With the existing income producing single family home already in place, this creates the opportunity to build up to three additional units design the project that best fits your vision. Potential options include three additional single family homes, a duplex plus one single family residence, or a triplex configuration. The entire property consists of a large triangular parcel. The smaller interior triangle represents the existing homesite, while Parcel B designates the area approved for future development. City documentation and surveys outlining buildable areas and property layout are available for review. The existing single family home is currently leased at $1,500 per month, providing immediate cash flow while planning future construction. Though modest in size, the home is full of charm and has been recently updated with a renovated kitchen featuring granite countertops and stainless steel appliances, an updated bathroom, fresh interior and exterior paint, luxury vinyl plank flooring throughout, modern lighting, and updated air conditioning. Location truly sets this property apart. Just minutes from Oviedo on the Park, residents enjoy access to dining, shopping, community events, an amphitheater, splash pad, and popular gatherings such as Oktoberfest at Oviedo on the Park and Bark & Brew. Nearby attractions include Twin Rivers Golf Club, convenient access to State Road 417, and easy drives to Central Floridas world famous theme parks and beaches. The property also benefits from proximity to major educational and employment hubs including University of Central Florida, Full Sail University, Central Florida Research Park, and Seminole State College of Florida all within approximately 20 minutes. Consistently ranked among the top small cities in the United States, Oviedo offers exceptional quality of life and top rated public schools, making this an outstanding opportunity for developers, investors, or builders looking to capitalize on growth in one of Central Floridas most sought after areas. Priced aggressively for a quick sale act fast before this rare opportunity is gone!

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Virtual Tour
More Like This
  • MLS#: O6385900 ( Residential )
  • Street Address: 585 Doctors Drive
  • Viewed: 21
  • Price: $299,900
  • Price sqft: $496
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 605
  • Bedrooms: 2
  • Total Baths: 1
  • Full Baths: 1
  • Days On Market: 4

Description

Opportunity Awaits Builders & Investors Take Notice! The possibilities are endless with this unique development opportunity located in the highly desirable City of Oviedo. Per the City of Oviedo, the property is entitled to accommodate up to four total units based on its acreage. With the existing income producing single family home already in place, this creates the opportunity to build up to three additional units design the project that best fits your vision. Potential options include three additional single family homes, a duplex plus one single family residence, or a triplex configuration. The entire property consists of a large triangular parcel. The smaller interior triangle represents the existing homesite, while Parcel B designates the area approved for future development. City documentation and surveys outlining buildable areas and property layout are available for review. The existing single family home is currently leased at $1,500 per month, providing immediate cash flow while planning future construction. Though modest in size, the home is full of charm and has been recently updated with a renovated kitchen featuring granite countertops and stainless steel appliances, an updated bathroom, fresh interior and exterior paint, luxury vinyl plank flooring throughout, modern lighting, and updated air conditioning. Location truly sets this property apart. Just minutes from Oviedo on the Park, residents enjoy access to dining, shopping, community events, an amphitheater, splash pad, and popular gatherings such as Oktoberfest at Oviedo on the Park and Bark & Brew. Nearby attractions include Twin Rivers Golf Club, convenient access to State Road 417, and easy drives to Central Floridas world famous theme parks and beaches. The property also benefits from proximity to major educational and employment hubs including University of Central Florida, Full Sail University, Central Florida Research Park, and Seminole State College of Florida all within approximately 20 minutes. Consistently ranked among the top small cities in the United States, Oviedo offers exceptional quality of life and top rated public schools, making this an outstanding opportunity for developers, investors, or builders looking to capitalize on growth in one of Central Floridas most sought after areas. Priced aggressively for a quick sale act fast before this rare opportunity is gone!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other, Private Mailbox
  • Fencing: Chain Link
  • Flooring: Luxury Vinyl
  • Living Area: 605.00
  • Other Structures: Other
  • Roof: Shingle
Land Information
  • Lot Features: Cleared, Irregular Lot, Oversized Lot, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Well
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Electricity Connected, Private, Water Available, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Range, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Eat-in Kitchen, Other
  • Legal Description: LOT 7 MARTINS PLAN PB 7 PG 75
  • Levels: One
  • Area Major: 32765 - Oviedo
  • Occupant Type: Vacant
  • Parcel Number: 15-21-31-501-0000-0070
  • Possession: Close Of Escrow
  • Views: 21
  • Zoning Code: R-2
Nearby Subdivisions
1040 Big Oaks Blvd Oviedo Fl 3   Alafaya Trail Sub   Alafaya Woods Ph 03   Alafaya Woods Ph 06   Alafaya Woods Ph 07   Alafaya Woods Ph 08   Alafaya Woods Ph 1    Alafaya Woods Ph 10   Alafaya Woods Ph 12b   Alafaya Woods Ph 15   Alafaya Woods Ph 16   Alafaya Woods Ph 17   Alafaya Woods Ph 18   Alafaya Woods Ph 19   Alafaya Woods Ph 2   Alafaya Woods Ph 21   Alafaya Woods Ph 21b   Alafaya Woods Ph 22   Aloma Bend Tr 3a   Aloma Bend Tr 4   Aloma Bend Tract 3   Aloma Woods Ph 3   Bear Creek   Bear Stone   Bentley Woods   Big Oaks   Carillon Tr 105 Ph 2 At   Carillon Tr 301 At   Clifton Park Ph Ii A Rep   Dunhill   Dunhill Unit 2   Ellingsworth   Estates At Wellington   Florida Groves Companys First    Fosters Grove At Oviedo   Fosters Grove At Oviedo Ph 2   Fox Run   Garden Grove   Genova Woods Sec 2 5 Acre Dev   Greystone   Hammock Reserve   Hawks Overlook   Heronwood At Carillon   Hideaway Cove At Oviedo Ph 3   Hunters Stand At Carillon   Huntington Ph 2   Jackson Heights   Kenmure   Kingsbridge East Village   Kingsbridge West   La June Park   Lafayette Forest   Little Creek Ph 3a   Little Creek Ph 4a   Lone Pines   Lot 48 Alafaya Woods Ph 5 Pb 3   Lukas Landing   Martins Plan   Meadowcrest   Milton Square   None   Oak Manor   Oviedo Downtown   Oviedo Forest   Oviedo Oaks   Parkdale Place   Preserve At Black Hammock Rep   Ravencliffe   Regency Estates   Remington Park   Round Lake Estates   Sandalwood Village   Sawgrass Sub   Seminole Terrace Rep   Stillwater   Sunny Slopes   Swopes Amd Of Iowa City   Terralago   Tiffany Woods   Timberwood   Tuska Ridge   Twin Lakes Manor   Twin Rivers Model Home Area   Twin Rivers Sec 3a   Twin Rivers Sec 3b   Twin Rivers Sec 4   Twin Rivers Sec 7   Villages At Kingsbridge West T   Washington Heights   Waverlee Woods   Whealey Acres   Whispering Oaks   Whitetail Run   Worthington  
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