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$665,000

405 S Orion Avenue | Beautifully Renovated 5-Unit Investment Property with Development Potential in the Heart of Clearwater. It is a legal 4 unit multi-family with an additional unit. Welcome to 405 S Orion Avenue, a beautifully renovated five-unit multifamily property offering immediate income, exceptional location, and exciting future possibilities in the heart of Clearwater, Florida. Thoughtfully updated with a refined European aesthetic, the property stands apart from typical investment properties. Inspired by the owner’s artistic education in Italy and lifelong passion for design, the interiors reflect a European sensibility. The harmonious color palette and understated finishes were carefully selected to create bright, welcoming spaces with enduring appeal, offering residents a living environment that feels both relaxing and timeless. Each unit has been creating an attractive environment for long-term tenants and helping support strong occupancy. Adding to the property’s appeal is a spacious backyard that offers flexibility for outdoor enjoyment and potential future expansion. Subject to local approvals, the site may give the opportunity for an ADU or other value-enhancing improvements. For investors and developers, 405 S Orion Avenue presents a particularly compelling opportunity. The property sits on commercially zoned land, and current zoning may allow the development of up to 10 residential units, making this an attractive acquisition for those seeking both immediate cash flow and long-term redevelopment potential. The location is one of the property’s strongest assets. Situated just minutes from Downtown Clearwater, residents enjoy convenient access to restaurants, shopping, entertainment, and the exciting transformation and revitalization currently underway throughout the downtown district. The renowned Delphi School is located on the same street, adding to the area’s desirability for families and professionals alike. For those seeking the Florida coastal lifestyle, Clearwater Beach, consistently ranked among the most beautiful beaches in the United States , is only a 10 to 15-minute drive away. Convenient public transportation is located nearby, including the Route 60 bus, providing direct access to Downtown Clearwater and the beach. As Clearwater continues to attract new investment, residents, and visitors, opportunities such as 405 S Orion Avenue become increasingly valuable. Whether you are seeking a stable income-producing asset, a value-add investment, or a future redevelopment project, this property offers a unique combination of location, character, flexibility, and growth potential. Investment. Lifestyle. Design. Opportunity. 405 S Orion Avenue is more than a multifamily property it is a thoughtfully designed investment opportunity positioned to benefit from the continued growth and evolution of one of Florida’s most desirable coastal communities.

5 Beds ⋅ 5 Baths ⋅ TB8521103 MLS

405 S Orion Avenue, Clearwater

$864,900

One or more photo(s) has been virtually staged. Nestled along the tranquil shores of Lake Pineloch in one of Orlando’s most beloved established neighborhoods, this exceptional waterfront Tuscan style residence offers a rare opportunity to experience timeless charm, privacy, and the very best of Central Florida living. Welcome to 3108 Troy Drive, located in the highly sought-after Skycrest community within Orlando’s coveted 32806 zip code. Skycrest is treasured for its quiet, tree-lined streets, beautifully maintained mid-century homes, and strong sense of community. Many homes here are lovingly held for generations, making opportunities to purchase within the neighborhood exceptionally rare. Residents enjoy exclusive access to private lakefront amenities including a community boat ramp, dock, picnic grounds, and playground, all set against the scenic backdrop of Lake Pineloch. Positioned on nearly half an acre, this stunning three-bedroom, two-bathroom home blends classic architectural character with modern comfort. A beautiful tile roof and manicured landscaping create unforgettable curb appeal, while the spacious interior is filled with warmth, natural light, and captivating lake views throughout. Step through the welcoming foyer where a striking decorative stone wall sets the tone for the home’s inviting design. The cozy living room offers the perfect place to relax, while the thoughtfully designed kitchen serves as the heart of the home with custom cabinetry, generous workspace, and a stylish bar area ideal for entertaining family and friends. The kitchen opens seamlessly into an expansive family room where oversized windows frame breathtaking water views and create a bright, airy atmosphere. The private primary suite serves as a peaceful retreat, complete with serene backyard and lake views, a spacious walk-in closet, and the perfect setting to enjoy quiet mornings overlooking the water. Every bedroom features walk-in closets, providing abundant storage, while one guest bedroom offers its own private exterior access for added flexibility and convenience. Outside, the property transforms into a true waterfront oasis. The sprawling backyard leads to a substantial dock and a charming tile-roofed pavilion designed for unforgettable evenings by the lake. Spend your days boating, kayaking, paddleboarding, or fishing directly from your backyard, then unwind with spectacular sunset views reflecting across the water each evening. Beyond the property itself, the location is simply unmatched. Skycrest offers the rare balance of peaceful residential living while remaining just minutes from Downtown Orlando, Orlando Health, Wadeview Park, Delaney Park, Lake Eola, and the vibrant dining and shopping districts along South Orange Avenue. The home is also zoned for highly regarded Pershing K-8 School and Boone High School — home of the Braves. With convenient access to major roadways, Orlando International Airport, and world-renowned destinations including Walt Disney World, Universal Orlando Resort, and SeaWorld Orlando, this extraordinary property offers an unmatched lifestyle where tranquility, recreation, and city convenience come together beautifully. Experience elegant lakefront living in one of Orlando’s most treasured neighborhoods — a rare and timeless place to call home.

3 Beds ⋅ 2 Baths ⋅ O6404678 MLS

3108 Troy Drive, Orlando

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