Land at 1938 N LAKEWOOD AVE, OCOEE
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8 photos

$4,000,000

1938 N LAKEWOOD AVE
OCOEE, FL 34761
Listed by Wally Gilmour · UNITED REAL ESTATE PREFERRED
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

10.3± acres of high-potential residential development land in the direct path of growth in Ocoee, Florida. The property supports single-family development at up to five homes an acre, offering a compelling profile in a rapidly expanding Central Florida submarket. Featuring approximately 366 feet of road frontage and extending a quarter mile deep, the site provides excellent flexibility for subdivision design and infrastructure layout. The property is strategically located directly across from the new Ocoee Village Center, a transformative mixed-use development driving sustained residential and commercial demand. Just minutes away is Ocoee’s new regional sports complex, a multi-field athletic destination designed to host tournaments and year-round events. This significant public investment is expected to increase visitor traffic, encourage nearby hotel and service development, and further accelerate housing demand — strengthening long-term land value in the surrounding area. The site offers exceptional connectivity, located approximately 1,500 feet from the SR-429 Beltway and West Road interchange and only two miles from downtown Ocoee, providing quick access to Orlando, employment corridors, and major regional attractions. The land is fenced and currently improved with two older mobile homes, a shop, and an open garage (no permanent structures), allowing for flexible redevelopment. Utilities include deep and shallow wells and existing septic systems. Clear title. Zoned agricultural with established residential development use. A rare assemblage opportunity exists with approximately 35± additional adjoining acres, creating potential for a larger master-planned residential project. Recently repriced with a $1,000,000 price reduction (from $5,000,000 to $4,000,000), this offering is now positioned to attract immediate developer and investor interest. Well-located land with density, infrastructure access, and proximity to major public investment is increasingly scarce in Central Florida.

Property details

MLS
Stellar MLS
MLS #
MFRO6205884
Property type
Land
Subdivision
N/A
Status
Active
Days on market
622
On market date
May 21, 2024
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
10.31 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

ElementaryCharter
INNOVATION MONTESSORI OCOEE
0.25 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
707
Student:teacher ratio
16.4:1
District
ORANGE
Middle
OCOEE MIDDLE
2.05 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,240
Student:teacher ratio
20.0:1
District
ORANGE
HighCharter
INNOVATION MONTESSORI HIGH SCHOOL
0.25 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
117
Student:teacher ratio
19.5:1
District
ORANGE

Walkability

Blended score for OCOEE's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

48
Somewhat walkable
out of 100
EPA National Walkability Index
5.5 / 20 -- Least walkable
Google Places amenity density
78 / 100
Restaurants & cafes20
Grocery stores3
Parks4
Schools6
Transit stops1
Pharmacies0

Market position

How this listing compares to current activity in OCOEE, from live MLS data.

On the market 622 days -- 525 more days than OCOEE's current average of 97 days.
For reference, the median list price across 230 active listings in OCOEE right now is $409,950.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$24,238/mo
$800,000 down
$3,200,000 loan
Principal & interest$20,755
Property tax (est.)$3,333
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated February 2, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.