400 E COLONIAL DRIVE UNIT 1604, ORLANDO, FL, 32803
Active22 days on marketListed Sep 29, 2026MLS #O6445277
About this home
400 E COLONIAL DRIVE UNIT 1604
Enjoy elevated city living in this spacious 16th floor, 2-bedroom, 2-bath residence at Park Lake Towers, ideally located just minutes from Downtown Orlando, College Park, Lake Ivanhoe, Lake Eola and some of the city’s best dining, shopping and entertainment. Overlooking picturesque Park Lake, the unit features a large wraparound balcony offering the perfect outdoor space to relax and enjoy the lake and surrounding city views. Inside, an open and generously sized floor plan features laminate flooring and tile with an updated kitchen and baths. Both bedrooms are exceptionally spacious, with the primary suite offering a large walk-in closet and plenty of room for additional seating or workspace. Expansive windows and sliding doors bring in abundant natural light and connect the living areas to the wraparound balcony. Park Lake Towers offers an impressive collection of amenities, including 24-hour onsite security, a large community pool with lounge areas, fitness center, recreation/social room and secured parking. The building also offers laundry facilities on each residential floor and guest parking. Association amenities and services include cable, high-speed internet, water, sewer, trash and pest control. The unit includes one dedicated parking space, with additional guest and street parking available. With its spacious interior, updated finishes, beautiful Park Lake views and incredibly convenient location near Downtown Orlando, Lake Eola, Mills 50, College Park and Lake Ivanhoe, this is an exceptional opportunity to enjoy low-maintenance high-rise living in the heart of Orlando.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,250
Sqft
0.28 ac
Lot size
1
Garage
1975
Year built
One
Levels
$280
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 — not generic estimates.
$3,163 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
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
$3,163/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.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
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
+13.4%
$/sqft vs Orlando actives
$280 vs $236
Days on market
22 vs 61 typical
Where $280/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 → $395K
Orlando median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
209 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 24% 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 1604
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’26$305,000
400 E COLONIAL DRIVE UNIT 402 · same community
2 bd · 2 ba · 1,189 sqft · $257/sqft · 21 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
Seth Cabrera - Rothschild
Realtor · CENTURY 21 Edge
Tours, negotiation, and every question about 400 E COLONIAL DRIVE UNIT 1604 — 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 1604 — before you fall in love.
See it in person
Schedule a tour
Live availability from Seth's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
400 E COLONIAL DRIVE UNIT 1604 FAQs
What would the monthly payment be for 400 E COLONIAL DRIVE UNIT 1604?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $3,163/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 400 E COLONIAL DRIVE UNIT 1604?+
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 1604?+
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 $349,900, this home is listed about 8% below the Orlando median of $379,900. The market section on this page shows how the area is trending.
Which schools are assigned to 400 E COLONIAL DRIVE UNIT 1604?+
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
Three things that matter here
01Under the ORLANDO 32803 market on paper
$349,900 is 24% below the ORLANDO 32803 median of $459,950.
02Water views
The water view is part of what you're buying — views hold value independently of the structure.
03Strong 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 ALL REAL ESTATE & INVESTMENTS · Amy Miller. MLS #O6445277.
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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