400 E COLONIAL DRIVE UNIT 1609, ORLANDO, FL, 32803
Active42 days on marketListed Jun 11, 2026MLS #G5113508
About this home
400 E COLONIAL DRIVE UNIT 1609
Virtually Staged. This home can be purchased with NO INCOME VERIFICATION needed plus receive 1% back from the seller’s preferred lender! Welcome to effortless Downtown Orlando living in the highly sought-after Park Lake Towers. This inviting residence is highlighted by dramatic oversized, double-sized windows that flood the interior with natural light while framing picturesque views of the surrounding cityscape and tranquil greenery beyond. Whether you're enjoying your morning coffee or unwinding at the end of the day, these expansive windows create a bright and airy atmosphere that truly sets this home apart. Perfectly positioned in the heart of the historic Lake Eola Heights area, this location places you just minutes from everything Downtown Orlando has to offer. Enjoy easy access to the iconic Lake Eola Park, the Orlando Farmers Market, Dr. Phillips Center for the Performing Arts, Kia Center, Thornton Park, and an endless selection of local restaurants, cafés, boutiques, and entertainment venues. Commuters will appreciate the convenient proximity to major roadways including I-4 and SR 408, making travel throughout Central Florida a breeze. Residents of Park Lake Towers enjoy an exceptional array of resort-style amenities designed to elevate everyday living. Take a refreshing dip in the oversized outdoor saltwater pool, maintain your wellness routine in the fully equipped health club, or relax and recharge in the dry sauna and steam room complete with showers. The community also features a spacious social gathering room, ideal for hosting special events, celebrations, and meetings. For added convenience, each unit is assigned one designated parking space. The community allows one vehicle per resident, while additional vehicles may utilize the available guest parking areas. Combining an unbeatable downtown location, outstanding amenities, and captivating views, this residence offers the perfect blend of comfort, convenience, and vibrant city living.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,189
Sqft
0.28 ac
Lot size
1975
Year built
One
Levels
$315
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$3,829 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,829/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+12.4%
$/sqft vs Orlando actives
$315 vs $237
Days on market
42 vs 34 typical
Where $315/sqft sits among the 400 Orlando actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lake Eola Heights
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Orlando. See the full Orlando guide →
Lake Eola Heights — neighborhood snapshot
Population
1,986
Median age
36
Median income
$118,988
Median home value
$489,194
Avg household
2
Households w/ children
96%
For the school run
Orange County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Orlando market
$400K → $405K
Orlando median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
149 of 400
Orlando actives have cut their price
Median sold price, Orlando, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 17% below the ORLANDO 32803 median. See the full Orlando market guide →
Paper trail
This home's history
Reality check
What actually sold near 400 E COLONIAL DRIVE UNIT 1609
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$170,000
400 E COLONIAL DRIVE UNIT 1003 · same community
1 bd · 2 ba · 1,109 sqft · $153/sqft · 97 DOM
Sold · Apr ’26$187,500
400 E COLONIAL DRIVE UNIT 910 · same community
1 bd · 1 ba · 799 sqft · $235/sqft · 250 DOM
Sold · May ’26$439,000
836 MAYFAIR CIRCLE
2 bd · 1 ba · 1,214 sqft · $362/sqft · 8 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 400 E COLONIAL DRIVE UNIT 1609 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 400 E COLONIAL DRIVE UNIT 1609 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
400 E COLONIAL DRIVE UNIT 1609 FAQs
What would the monthly payment be for 400 E COLONIAL DRIVE UNIT 1609?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,829/mo — principal and interest, the actual property-tax bill, the $850/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 400 E COLONIAL DRIVE UNIT 1609?+
The association fee works out to $850 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 400 E COLONIAL DRIVE UNIT 1609?+
The most recent tax bill on record (2025) was $5,349. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 400 E COLONIAL DRIVE UNIT 1609?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Orlando?+
At $375,000, this home is listed about 4% below the Orlando median of $390,000. The market section on this page shows how the area is trending.
Which schools are assigned to 400 E COLONIAL DRIVE UNIT 1609?+
Hillcrest Elementary (elementary), Lake Como School (elementary), Edgewater High (high) — Orange County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the ORLANDO 32803 market on paper
$375,000 is 17% below the ORLANDO 32803 median of $450,000.
02City views
The city view is part of what you're buying — views hold value independently of the structure.
03Know the monthly fee
The association fee is $850/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Strong assigned schools
Hillcrest Elementary, Lake Como School, Edgewater High — Hillcrest Elementary rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of SERHANT · Vincent Cordaro. MLS #G5113508.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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