Price Reduced Listing
Description
**SILVER PALMS - EAST ORLANDO MULTIFAMILY DEVELOPMENT OPPORTUNITY | POTENTIAL FOR APPROXIMATELY 210 UNITS** Discover Silver Palms, a residential development opportunity situated on approximately 4.5 acres in East Orlando, Orange County. With approximately four years of planning, engineering, entitlement, and permitting work already invested, this property offers substantial groundwork completed and an opportunity to pursue an expanded development vision. Orange County's Vision 2050 Comprehensive Plan may provide a path to pursue approximately 194 apartments in a four-story development, with the potential to reach approximately 210 units through an expanded site configuration, subject to required site area, feasibility, and governmental approvals. This higher-density concept presents an opportunity to explore significantly increased development capacity in a convenient East Orlando location. Significant progress has already been made under the existing development plan. Sitework plans have been approved by Orange County Utilities, Orange County Development Engineering, the St. Johns River Water Management District, and FDEP. Wetland assessment and mitigation have been completed, and land clearing was completed in June 2026. These completed efforts provide a valuable foundation and may help streamline portions of the review process for an expanded development proposal. The higher-density opportunity would build upon this completed groundwork, with revised architectural and engineering plans and an entitlement and approval process tailored to the expanded development. The expanded concept anticipates underground stormwater retention to maximize usable land for residential buildings and parking. Existing approvals pertain to the current plan; the expanded concept remains subject to review and approval. Conveniently located near major roadways, hospitals, medical services, shopping, dining, and everyday amenities, Silver Palms combines a desirable East Orlando location, substantial completed preparation, and compelling development potential. For a developer, the value extends beyond the land itself-it includes years of preparation, completed environmental work, approved sitework plans for the existing project, and a cleared site ready for its next chapter. Years of groundwork already invested. An opportunity to pursue a larger vision. Explore the possibilities at Silver Palms.
Details
| MLS # | O6436796 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Days On Site | 48 |
| Listing Provided By | CORCORAN PREMIER REALTY | Sina Albekord |
Features
| Zoning | RSTD R-3 |
|---|---|
| Acreage | 4.50 |
Taxes
| Property | 6756 |
|---|
Area Information
| State | FL |
|---|---|
| County | Orange |
| City | ORLANDO |
| Zip Code | 32825 |
| Area | 32825 Orlando | Rio Pinar | Union Park |
| Listing VS Median (in 32825) | |
Price: $5,989,900 low | high Med: $365,000 On site: 48 low | high Med: 361 | |
Market Activity 32825
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| State | FL |
|---|---|
| County | Orange |
| City | ORLANDO |
| Zip Code | 32825 |
| Area | 32825 Orlando | Rio Pinar | Union Park |
| Listing VS Median (in 32825) | |
Price: $5,989,900 low | high Med: $365,000 On site: 48 low | high Med: 361 | |