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530 S EOLA DRIVE, Orlando, FL, 32801 | $1,049,000
STUNNING DOWNTOWN ORLANDO HOME WITH INCOME-PRODUCING APARTMENT
530 S Eola Drive, Orlando, FL 32801
$1, 049, 000 | 6 Bed | 4 Bath | Study | 3, 113 sq ft
?? EXCEPTIONAL INVESTMENT OPPORTUNITY
This completely modernized 1924 historic home in Lake Cherokee District offers the perfect combination of luxury living and income generation. The property features a 750 sq ft detached garage apartment that commands $1, 900+ monthly rent - potentially covering your entire mortgage payment!
?? KEY HIGHLIGHTS
?? MOVE-IN READY LUXURY - Thoughtfully updated throughout while preserving original charm and character
?? IMMEDIATE INCOME STREAM - Self-contained 1-bed/1-bath apartment above garage with separate utilities
?? POOL-READY PARADISE - Rare ¼ acre downtown lot with ample space for large swimming pool plus extensive outdoor living areas
?? PRIME LAKE EOLA LOCATION - Steps from iconic Lake Eola Park and 1-minute walk to beautiful Lake Cherokee
?? BRAND NEW ROOF - Installed May 2025 with transferable 7-year warranty included
?? UNMATCHED LOCATION VALUE
Located on South Eola Drive in Orlando's premier downtown residential district. Walk to Lake Eola's Sunday farmers market, vibrant dining scene, and cultural attractions. This established neighborhood features tree-lined streets, historic architecture, and strong appreciation potential.
?? MULTIPLE INCOME OPPORTUNITIES
Traditional rental: $1, 900+ monthly income
Airbnb potential: Prime tourist location
Multi-generational living: Perfect for extended family
Home office/studio: Additional workspace flexibility
?? INVESTMENT ADVANTAGES
Orlando's booming economy and downtown revitalization create exceptional growth potential. The rare combination of:
Large downtown lot (¼ acre)
Income-producing apartment
Pool installation potential
Historic district location
Recent major improvements
Makes this property a standout investment in today's competitive market.
?? PROPERTY DETAILS
Year Built: 1924 (Historic charm)
Lot Size: ¼ Acre with detached garage
Garage: 720 sq ft
Property Taxes: $8, 346. 49
HOA: None
Utilities: All city services
Ready for your private showing? This unique combination of luxury, location, and income potential won't last long!
Features
- Rooms: 9
- Bedrooms: 6
- Baths: 4 full
- Laundry: In Kitchen, Inside, Laundry Room
- Year Built: 1925
- Garage: 3-car Driveway, Garage Door Opener, Garage Faces Side, Guest, Off Street, On Street, Oversized, Parking Pad
- Heating: Central, Electric
- Cooling: Central Air
- Approx Sq. Feet: 3,113
- Acreage: 0.24
- Est. Taxes: $8,346
- Lot Desc: Historic District, City Lot, Level, Near Public Transit, Oversized Lot, Sidewalk, Street One Way
- View: City
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Range, Refrigerator, Washer
- MLS#: TB8402049
- Days on Market: 1 day
- Website: https://www.raveis.com
/eprop/TB8402049/530seoladrive_orlando_fl?source=qrflyer
Listing courtesy of Flat Fee MLS Realty Phone: 813-642-6030
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
530 S EOLA DRIVE, Orlando, FL, 32801
$1,049,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $839,200 | $839,200 | $839,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.110% | 5.952% |
| Monthly Tax Payment | $696 | $696 | $696 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,831 | $5,031 | $6,969 |
| Total Monthly Payment | $5,652 | $5,852 | $7,790 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388