$5,990,000

About this home

**SILVER PALMS – SHOVEL-READY 72-UNIT 55+ DEVELOPMENT OPPORTUNITY IN EAST ORLANDO** A rare opportunity to acquire a **shovel-ready, 72-unit approved 55+ residential development in East Orlando, Orange County.** Silver Palms offers a new developer the ability to step into a project where approximately **four years of entitlement, engineering, permitting, and approval work has already been completed**, significantly reducing the time and uncertainty typically associated with bringing a new development from concept to construction. Situated on **over 4.15 acres**, the approved community consists of **72 residential units**, including **48 two-bedroom units and 24 one-bedroom units**, along with a well-planned site design offering a **strong parking ratio**. The project has progressed through an extensive approval process. The **proposed sitework plans are fully approved by Orange County Utilities, Orange County Development Engineering, the St. Johns River Water Management District, and FDEP.** Land clearing was completed in **June 2026**, further preparing the site for development. The project is currently under review with the **Orange County Building Department for vertical plan approval**. For a developer, the value is not simply in the land, it's in the **years of work already completed and the ability to move toward construction without starting the entitlement and permitting process from scratch.** Much of the heavy lifting has already been done, creating an opportunity to take over an advanced, thoughtfully planned project and move quickly toward vertical development. Silver Palms also benefits from a desirable **East Orlando location** with convenient access to major roadways, hospitals and medical services, shopping, dining, everyday necessities, and surrounding amenities, an especially attractive combination for a thoughtfully designed **55+ community**. **72 approved units. 4+ acres. Sitework approvals in place. Land cleared. Vertical plans in review. Four years of development groundwork already completed.** Silver Palms presents a compelling opportunity for a developer looking to bypass years of preliminary work and bring an approved East Orlando project to life.

Property details

MLS #

MFRO6436796

Property type

Land

Subdivision

N/A

Status

Active

Days on market

N/A

On market date

August 26, 2026

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

4.15 acres

Nearby schools

Within 10 miles · public school directory data (NCES)