1 / 39
$289,900
Original: $299,900
Active
585 DOCTORS DRIVE
OVIEDO, FL 32765 — MARTINS PLAN
2 Beds
1 Baths
605 sqft
0.57 acres
Built 1958
About This Property
**SELLER TO GIFT BUYER WITH A $2,000 CONCESSION AT CLOSING WITH STRONG OFFER!**Opportunity Awaits — Builders & Investors Take Notice!
The possibilities are endless with this unique development opportunity located in the highly desirable City of Oviedo. Per the City of Oviedo, the property is entitled to accommodate up to four total units based on its acreage. With the existing income-producing single-family home already in place, this creates the opportunity to build up to three additional units — design the project that best fits your vision. Potential options include three additional single-family homes, a duplex plus one single-family residence, or a triplex configuration.
The entire property consists of a large triangular parcel. The smaller interior triangle represents the existing homesite, while Parcel B designates the area approved for future development. City documentation and surveys outlining buildable areas and property layout are available for review.
The existing single-family home is currently leased at $1,500 per month, providing immediate cash flow while planning future construction. Though modest in size, the home is full of charm and has been recently updated with a renovated kitchen featuring granite countertops and stainless steel appliances, an updated bathroom, fresh interior and exterior paint, luxury vinyl plank flooring throughout, modern lighting, and updated air conditioning.
Location truly sets this property apart. Just minutes from Oviedo on the Park, residents enjoy access to dining, shopping, community events, an amphitheater, splash pad, and popular gatherings such as Oktoberfest at Oviedo on the Park and Bark & Brew. Nearby attractions include Twin Rivers Golf Club, convenient access to State Road 417, and easy drives to Central Florida’s world-famous theme parks and beaches.
The property also benefits from proximity to major educational and employment hubs including University of Central Florida, Full Sail University, Central Florida Research Park, and Seminole State College of Florida — all within approximately 20 minutes.
Consistently ranked among the top small cities in the United States, Oviedo offers exceptional quality of life and top-rated public schools, making this an outstanding opportunity for developers, investors, or builders looking to capitalize on growth in one of Central Florida’s most sought-after areas.
Priced aggressively for a quick sale — act fast before this rare opportunity is gone!
The possibilities are endless with this unique development opportunity located in the highly desirable City of Oviedo. Per the City of Oviedo, the property is entitled to accommodate up to four total units based on its acreage. With the existing income-producing single-family home already in place, this creates the opportunity to build up to three additional units — design the project that best fits your vision. Potential options include three additional single-family homes, a duplex plus one single-family residence, or a triplex configuration.
The entire property consists of a large triangular parcel. The smaller interior triangle represents the existing homesite, while Parcel B designates the area approved for future development. City documentation and surveys outlining buildable areas and property layout are available for review.
The existing single-family home is currently leased at $1,500 per month, providing immediate cash flow while planning future construction. Though modest in size, the home is full of charm and has been recently updated with a renovated kitchen featuring granite countertops and stainless steel appliances, an updated bathroom, fresh interior and exterior paint, luxury vinyl plank flooring throughout, modern lighting, and updated air conditioning.
Location truly sets this property apart. Just minutes from Oviedo on the Park, residents enjoy access to dining, shopping, community events, an amphitheater, splash pad, and popular gatherings such as Oktoberfest at Oviedo on the Park and Bark & Brew. Nearby attractions include Twin Rivers Golf Club, convenient access to State Road 417, and easy drives to Central Florida’s world-famous theme parks and beaches.
The property also benefits from proximity to major educational and employment hubs including University of Central Florida, Full Sail University, Central Florida Research Park, and Seminole State College of Florida — all within approximately 20 minutes.
Consistently ranked among the top small cities in the United States, Oviedo offers exceptional quality of life and top-rated public schools, making this an outstanding opportunity for developers, investors, or builders looking to capitalize on growth in one of Central Florida’s most sought-after areas.
Priced aggressively for a quick sale — act fast before this rare opportunity is gone!
Property Details
Basics
- Property Type
- Residential
- Property Subtype
- Single Family Residence
- MLS Number
- O6385900
- Days on Market
- 18
- Year Built
- 1958
- Levels
- One
- Direction Faces
- East
- Occupant Type
- Vacant
Size & Structure
- Living Area
- 605 sqft
- Total Area
- 605 sqft
- Lot Size
- 0.57 acres
- Lot Sq Ft
- 25,058 sqft
- Bedrooms
- 2
- Full Baths
- 1
- Stories
- 1
Interior
- Flooring
- Luxury Vinyl
- Appliances
- Range, Refrigerator
- Interior Features
- Eat-in Kitchen, Other
- Laundry
- Other
- Furnished
- Unfurnished
- A/C
- Central Air
- Heating
- Central
Exterior & Lot
- Exterior Features
- Other, Private Mailbox
- Construction
- Concrete, Other, Frame
- Roof
- Shingle
- Foundation
- Pillar/Post/Pier
- Patio/Porch
- Front Porch, Other
- Other Structures
- Other
- Fencing
- Chain Link
- Lot Features
- Cleared, Irregular Lot, Oversized Lot, Paved
Water & Pool
Community & HOA
- HOA
- No
Utilities & Systems
- Water
- Well
- Sewer
- Septic Tank
- Utilities
- Electricity Available, Electricity Connected, Private, Water Available, Water Connected
- Cooling
- Central Air
- Heating
- Central
- Flood Zone
- X
Financial
- List Price
- $289,900
- Original Price
- $299,900
- Annual Taxes
- $1,557
- Tax Year
- 2024
- Listing Terms
- Cash, Conventional, FHA, VA Loan
- Special Conditions
- None
- Possession
- Close Of Escrow