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$415,000
Original: $499,900
Active
1518 PINEWOOD DRIVE
WINTER PARK, FL 32789 — PINEWOOD SUB
3 Beds
2 Baths
1,197 sqft
0.19 acres
Built 1947
About This Property
Income-producing home with a detached in-law apartment in a prime central Orlando location — ideal for a house hack, long-term rental, or short-term rental (Airbnb allowed). The main house is a two-bedroom, one-bath residence, while the in-law apartment is a completely detached one-bedroom, one-bath unit with separate entrances and separate mailboxes, offering excellent privacy and flexibility. The in-law apartment is currently rented for $1,350/month on a month-to-month lease, providing immediate income and flexibility. The main house was previously rented for $1,850/month, demonstrating strong and proven rental history. Live in one unit and rent the other, or rent both for attractive cash flow. The main home is well maintained with neutral finishes, updated flooring, modern lighting, and a functional layout filled with natural light. A spacious deck and outdoor area provide excellent separation and privacy between the main house and the in-law unit. Major updates include a roof approximately 11 years old, HVAC approximately 6 years old, copper plumbing, and a septic system recently pumped and in great condition. A 4-point inspection is available upon request. Conveniently located minutes from Winter Park, College Park, Downtown Orlando, major hospitals, dining, I-4, International Drive, and Orlando International Airport. A rare opportunity offering location, flexibility, and multiple income strategies.
Property Details
Basics
- Property Type
- Residential
- Property Subtype
- Single Family Residence
- MLS Number
- O6369571
- Days on Market
- 67
- Year Built
- 1947
- Levels
- One
- Direction Faces
- North
- Occupant Type
- Tenant
Size & Structure
- Living Area
- 1,197 sqft
- Total Area
- 1,341 sqft
- Lot Size
- 0.19 acres
- Lot Sq Ft
- 8,250 sqft
- Bedrooms
- 3
- Full Baths
- 2
- Stories
- 1
Interior
- Flooring
- Tile
- Appliances
- Refrigerator
- Interior Features
- Ceiling Fans(s), Kitchen/Family Room Combo
- Laundry
- Other
- Furnished
- Unfurnished
- A/C
- Central Air
- Heating
- Central
Exterior & Lot
- Exterior Features
- Other
- Construction
- Block
- Roof
- Shingle
- Foundation
- Slab
Water & Pool
Community & HOA
- HOA
- No
Utilities & Systems
- Water
- Public
- Sewer
- Septic Tank
- Utilities
- Electricity Available, Electricity Connected
- Cooling
- Central Air
- Heating
- Central
- Flood Zone
- X
Financial
- List Price
- $415,000
- Original Price
- $499,900
- Annual Taxes
- $6,877
- Tax Year
- 2024
- Listing Terms
- Cash, Conventional, FHA, VA Loan
- Special Conditions
- None