Address: 400 E. Colonial Dr. Orlando, FL 32803
Year Built: 1975
Number of Floors: 17, plus penthouse floors
Number of Units: 170
Availability: Below are current sales listings at The Park Lake Towers Condominium. See photos, prices, amenities, HOA info, school zoning and more.
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It's an older building with a classic hotel style and spacious lobby area, and definitely worth a look if you're budget conscious. All the Park Lake Towers north facing condo units have beautiful lake views. Condos may be purchased, or rented from owners. 70% of owners occupy their units at Park Lake Towers and 30% lease out their units with the ‘on-site’ property management / association.
Located just a few minutes from Downtown Orlando, Park Lake Towers Condominiums give you all the city life feeling without any of the loud hustle and bustle of the city. Many residents commute by bike from this East Colonial condo to downtown for work. Unlike other Downtown Orlando high-rises, parking is never an issue. Park Lake Towers high rise offers its residents plenty of parking.
Some of the floor plans are "quirky" and show the age of the building, however some owners have purchased the neighboring unit to theirs and expanded their space and adjusting the space. Keep in mind that once it’s all done you will pay two condo fees, and quite possibly two mortgages.
Investors have become fans of the Park Lake Towers condos since the units rent very well with few vacancies. Their lower purchase price point also makes them attractive for condo investors who are looking for potential cash flow as well as long-term appreciation.
Park Lake Towers Condo Recreational Amenities include:
Large (half-Olympic) resort-style outdoor swimming pool, Fitness Center, Sauna, Large Recreation / Meeting Room, Free Cable and High speed internet service, Recreation Room has Large Flat Screen Television.
Park Lake Towers Condo Resident Services:
24-hour Security Guarded Building and Grounds, Garage parking, with large guest parking area, Professional full time Management and Maintenance staff, Water, Sewer, Trash Collection, Pest control, Reserved Parking Spaces.
For more information on buying or selling at Park Lake Towers Condo, downtown Orlando, contact us on 407-901-5161.
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