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5588 Palm Lake Cir, Orlando, FL, 32819

$687,000

0.53 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewWater
MLS #O6255990
Lot Size0.53 Acres
StatusActive

About 5588 Palm Lake Cir

Rare opportunity to purchase vacant lakefront land at the heart of Dr. Phillips in Orlando! This exceptional half-acre property features over 90 feet of direct frontage on the serene, spring-fed Palm Lake. With unobstructed views, it is a perfect place to build your dream home. Palm Lake is ideal for kayaking, paddle boarding, and bass fishing. Nestled on a quiet residential cul-de-sac in the established Palm Lake Manor community, this lot requires no clearing and is ready for construction—plus, there’s no HOA to worry about, so bring your custom home design and imagine the possibilities. The current seller has outlined plans proposing a single-story home up to 4,500 sqft. Enjoy the peace and quiet of the neighborhood, surrounded by other beautiful homes. Conveniently located just minutes from Bay Hill Club and Lodge, Universal Studios, Islands of Adventure, Volcano Bay, Sand Lake Road’s restaurant row, International Drive, and downtown Windermere. Don’t miss this chance to buy your piece of lakefront land in Dr. Phillips Florida!

Property Details

Property Features

Listing Office:

  • Office Name: ALIGN REAL ESTATE LLC
  • Office Phone: (305) 389-2922
  • Listing Agent: Tiffany Pantozzi

Exterior Features

Exterior Information:

  • View: Water

Lot Features

Lot Information:

  • Lot: Cleared, Cul-De-Sac, Near Golf Course, Near Marina, Paved
  • Lot Size: 0.53 Acres

Other

Directions Information:

  • Directions: Head South on Apopka Vineland Rd, Left on Palm Lake Drive, Right on Palm Lake Circle, Property on Left

Price Information

Listing Price Info

Price Summary:

  • List Price: $687,000

Tax Information:

  • Annual Amount: $5,045
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Orlando, FL.

Med. Sold Price

$393.9K

Med. Price/SqFt

$243

Avg. Days On Market

56

# of Sold Homes

571

5588 Palm Lake Cir vs Orlando

32 DAYS ON ROCKET

-24 Days

$687,000

+$293K More

KEY TAKEAWAY

This property is $293K more than the Median Sold Price in Orlando, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6255990

Listing Office:

  • Office Name: ALIGN REAL ESTATE LLC
  • Office Phone: (305) 389-2922
  • Listing Agent: Tiffany Pantozzi

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,045$335,698
2018$5,756$332,810
2017$264$320,099

History based on county public records data.

Payment Calculator

$3,496

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,126

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-827336
8
/10
  • Palm Lake Elementary School

  • 8000 Pin Oak Dr

  • 0.60 miles

  • Public District Grades KG-5

school-card-donut-827337
7
/10
  • Dr. Phillips Elementary School

  • 6909 Dr Phillips Blvd

  • 1.19 miles

  • Public District Grades KG-5

school-card-donut-827338
8
/10
  • Bay Meadows Elementary School

  • 9150 S Apopka Vineland Rd

  • 2.94 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $113,500. Most Orlando, FL residents have annual incomes between $100k-200k. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Orlando, FL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Orlando, FL.

Orlando's housing market is diverse, offering a mix of residential options to suit various preferences and budgets. Single-family homes are prevalent, with modern, Mediterranean, and ranch-style architectures being particularly common. The market also includes a selection of condominiums and townhouses, providing alternatives for those seeking a more urban living experience. The area has seen a steady growth in housing developments, with a significant number of properties constructed in the last few decades.

What is it like to live in Orlando, FL?

Orlando is celebrated for its vibrant atmosphere and strong sense of community. Known for its world-class attractions and entertainment options, the city prides itself on being a hub for both tourism and local cultural events. Residents enjoy a variety of annual festivals and community gatherings that reflect the city's diverse and dynamic character.

Is it easy to get around Orlando, FL without a car?

The community is served by a robust educational system, including numerous public and private schools that cater to a range of educational needs. Healthcare services are comprehensive, with several hospitals and clinics offering a variety of specialized care. The city also features a network of public libraries and a rich assortment of retail and dining options that showcase the local culture. Orlando continuously adapts its services to meet the evolving needs of its growing population.

Transportation in Orlando, FL.

Orlando's transportation infrastructure is designed to accommodate both residents and visitors. The city offers multiple public transit options, including a bus system with regular routes throughout the area. For those who prefer private transport, ride-sharing services are readily available. The city is also connected by a network of major roads and highways, facilitating easy travel to and from the city. Efforts are ongoing to enhance the efficiency and accessibility of the transportation system, including improvements to walkability and bikeability in key areas.

Frequently Asked Questions About 5588 Palm Lake Cir

What is the listing price of this property?

The listing price of 5588 Palm Lake Cir property is $687,000.

What type of property is this?

The property 5588 Palm Lake Cir is land located in Orlando, Florida, 32819.

Is this property for sale now?

Active Listing: 5588 Palm Lake Cir is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,045 (source: MLS/based on county public records data).

How much acreage is this property?

The property 5588 Palm Lake Cir is 0.53 acres.
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Rocket HomesFloridaOrange CountyOrlando328195588 Palm Lake Cir

This home is located at 5588 Palm Lake Cir in Orlando, FL and zip code 32819. This home sits on a 0.53 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $687,000.

In November 2024 more than 79 listings in Orlando, FL were sold above the asking price. During the same period more than 118 listings were sold at asking price, while more than 374 were sold below. The number of listings in Orlando, FL increased by 1.2% between October 2024 and November 2024. While the average time on the market in November 2024 was 56 days, the median list price was $393,946.

From Rocket Homes Real Estate and based on county public records data.

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