Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
720 S Mills Avenue,Orlando, FL 32801
$825,000
- - Beds
- - Baths
- 1,392 sq. ft.
- Multi-family
- Active
Listed by: wael georgey
Office: properties in town
MLS#:O6378088
Source:MFRMLS
Price summary
- Price:$825,000
- Price per sq. ft.:$385.51
About this home
Rarely offered large lot zoned R-2B, presenting a unique opportunity for developers, investors, or end users to design and build in one of Downtown Orlando’s most desirable neighborhoods. Ideally nestled along South Mills Avenue in the heart of the Lake Davis and Lake Greenwood area, this property is just minutes from some of Orlando’s most beloved hidden gems, including Lake Davis, Lake Greenwood, and Mills Market.
The property features an existing duplex with two one-bedroom, one-bath units and offers the ability to generate rental income while planning future improvements or redevelopment. The expansive lot is beautifully shaded by a canopy of mature Florida live oak trees, thoughtfully positioned primarily within the setbacks, allowing flexibility for future development without interference.
Zoning allows for a wide range of development options, including single-family homes, tandem duplexes, or smaller apartment buildings, with the ability to build up to three stories and rooftop decks, subject to buyer verification. The location is less than one mile from Lake Cherokee and Delaney Park and approximately one mile from Lake Eola and the heart of Downtown Orlando, offering a highly walkable and lifestyle-driven setting.
This is a rare opportunity to own a property with immediate income potential and exceptional long-term upside in one of Downtown Orlando’s highest-demand rental markets, with convenient access to SR-408. A must-see in person to fully appreciate the setting, mature trees, and future potential.
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Home facts
- Year built:1952
- Listing ID #:O6378088
- Added:1 day(s) ago
- Updated:January 31, 2026 at 02:30 AM
Rooms and interior
- Living area:1,392 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric
Structure and exterior
- Roof:Membrane
- Year built:1952
- Building area:1,392 sq. ft.
- Lot area:0.24 Acres
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$825,000
- Price per sq. ft.:$385.51
- Tax amount:$7,924 (2024)
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