Veronica Smyth
← INNOVATE Real Estate
CHECK OUT THIS R-3 RESIDENTIAL MULTI FAMILY DEVELOPMENT OPPORTUNITY - 540 N PENNSYLVANIA AVE, WINTER PARK
3 BLOCKS WALK FORM PARK AVENUE - 540 N PENNSYLVANIA AVE, WINTER PARK
MINUTES WALK FORM WINTER PARK VILLAGE - 540 N PENNSYLVANIA AVE, WINTER PARK
JUST UNDER HALF ACRE CORNER LOT - 540 N PENNSYLVANIA AVE, WINTER PARK
MINUTES FROM ROLLINS COLLEGE - 540 N PENNSYLVANIA AVE, WINTER PARK
5 photos

$3,950,000

540 N PENNSYLVANIA AVE
WINTER PARK, FL 32789
Listed by Mary Heidrich · COLDWELL BANKER REALTY
Bedrooms
4
Bathrooms
2
Living area
1,652 sqft
Year built
1938

About this home

Rare Winter Park redevelopment opportunity on a NEARLY HALF-ACRE CORNER PARCEL JUST MINUTES FROM PARK AVENUE. Newly priced at $3,950,000, this R-3 ZONED (Medium-Density Residential) property offers outstanding redevelopment potential, INCLUDING CAPACITY FOR UP TO SEVEN RESIDENTIAL UNITS. Ideally positioned between Park Avenue and Winter Park Village, the property offers convenient access to renowned dining and shopping, Rollins College, cultural attractions, AdventHealth Winter Park, and major transportation corridors. Three existing residences occupy the site and contribute no value to the offering. Properties of this size and zoning, so close to Park Avenue, are exceptionally rare. THIS PROPERTY IS CROSS-LISTED AS VACANT LAND WITH THE MLS #O6431538.

Property details

MLS #
MFRO6436046
Property type
Single Family Residence
Subdivision
WINTER PARK
Status
Active
Days on market
1
On market date
September 14, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.45 acres

Location

Get directions →
Loading map…

Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
KILLARNEY ELEMENTARY
1.64 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
366
Student:teacher ratio
13.6:1
District
ORANGE
Middle
GLENRIDGE MIDDLE
2.07 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
1,110
Student:teacher ratio
18.8:1
District
ORANGE
High
PACE CENTER FOR GIRLS
1.76 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
30
Student:teacher ratio
10.0:1
District
ORANGE

Walkability

Blended score for WINTER PARK's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
15.7 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks20
Schools20
Transit stops20
Pharmacies9

Mortgage calculator

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

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$23,937/mo
$790,000 down
$3,160,000 loan
Principal & interest$20,496
Property tax (est.)$3,292
Home insurance (est.)$150

Similar homes you might like

1742 TEMPLE DR
New
$3,695,999
1742 TEMPLE DR
WINTER PARK, 32789
4 bd·5 ba·3,658 sqft
1 day on market
PoolNew construction
Listed by Mark Anthony Buot, ROI AVE LLC
662 GRANVILLE DRIVE
$3,495,000
662 GRANVILLE DRIVE
WINTER PARK, 32789
5 bd·5.5 ba·4,478 sqft
3 days on market
Pool
Listed by Nathalie Bates, PREMIER SOTHEBY'S INTL. REALTY
702 VIA BELLA
New
$4,400,000
702 VIA BELLA
WINTER PARK, 32789
4 bd·5.5 ba·3,720 sqft
0 days on market
Pool
Listed by Mick Night, PREMIER SOTHEBY'S INTL. REALTY
250 W READING WAY
$4,325,000
250 W READING WAY
WINTER PARK, 32789
5 bd·4.5 ba·4,853 sqft
8 days on market
PoolNew construction
Listed by Brian Mitnik, RE/MAX 200 REALTY
160 W ROCKWOOD WAY
New
$3,395,000
160 W ROCKWOOD WAY
WINTER PARK, 32789
5 bd·5.5 ba·4,015 sqft
0 days on market
Pool
Listed by PREMIER SOTHEBY'S INTL. REALTY
1761 LEGION DR
$3,265,000
1761 LEGION DR
WINTER PARK, 32789
5 bd·5.5 ba·4,924 sqft
28 days on market
Pool
Listed by Harry Pool, III, COLDWELL BANKER REALTY
276 DETMAR DR
$3,600,000
276 DETMAR DR
WINTER PARK, 32789
4 bd·5 ba·4,202 sqft
3 days on market
Pool
Listed by Melanie Johnston, CALL IT CLOSED INTL REALTY
620 VIRGINIA DR
$3,890,000
620 VIRGINIA DR
WINTER PARK, 32789
6 bd·5 ba·4,677 sqft
40 days on market
PoolNew construction
Listed by Julie Christensen, ONE LUXURY INTERNATIONAL LLC

Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 10 days ago.

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.