57
Map
4810 CALASANS AVENUE
About This Property
Unlike newer subdivisions near Lake Nona, this rare homesite offers something increasingly difficult to find - meaningful acreage, direct waterfront access, mature natural surroundings, and lasting privacy.
Positioned to capture breathtaking western-facing sunset views, the property overlooks East Lake Toho with evening reflections stretching across the water, creating the perfect backdrop for future outdoor living and architectural design. A mature oak hammock anchors the rear of the property, offering a natural privacy buffer and an established setting that cleared lots simply cannot replicate.
The recent value repositioning creates an exceptional advantage for the next owner, allowing additional flexibility to immediately incorporate luxury features into the build such as a private dock, resort-style pool, summer kitchen, expansive outdoor entertaining space, or custom lakefront design elements from the very beginning.
Despite the peaceful waterfront setting, the location remains highly connected - just minutes from Lake Nona Medical City, premier dining, shopping, major highways, and Orlando International Airport.
As buildable waterfront inventory near Lake Nona continues to disappear, opportunities like this become increasingly rare. This is more than vacant land - it is the foundation for a lifestyle that cannot easily be replicated.
More land. More water. More privacy. A smarter entry point into luxury waterfront living.
Schedule your private tour today to experience the scale, setting, and sunset views in person.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Listed by CITARELLI REALTY GROUP LLC | $1,032,000 | |
| Listed by CITARELLI REALTY GROUP LLC | |||
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Virtually Staged. Pre-Construction. To be built. PRE-CONSTRUCTION LAKEFRONT OPPORTUNITY IN EAST LAKE RESERVE AT NARCOOSSEE! Bring your vision to life on this beautiful waterfront lot in a prestigious gated community. This exceptional opportunity is offered in partnership with Vazquez Family Builders, giving you the flexibility to create a custom home tailored to your lifestyle, with the final floor plan, square footage, features, and sales price determined by the buyer based on the selected model and upgrades.
Imagine building your dream home with private waterfront access, stunning lake views, breathtaking sunsets, and nearly 0.8 acres of land. The expansive homesite provides ample room for a custom residence, resort-style pool, outdoor entertaining areas, private dock, and other luxury features.
The featured Varese Expanded floor plan offers approximately 3,093 square feet, 5 bedrooms, and 3.5 bathrooms, with an open-concept design, soaring ceilings, gourmet kitchen, upgraded finishes, spacious primary suite, and 3-car garage. The builder offers the ability to personalize the home with a variety of options and upgrades.
Located just minutes from Lake Nona, Medical City, premier dining, shopping, major highways, and Orlando International Airport, while providing the privacy and tranquility of lakefront living. Opportunities to build a new luxury waterfront home in this gated community are increasingly limited. Create the home you’ve envisioned from the ground up and enjoy the space, privacy, scenery, and lifestyle this exceptional homesite offers.
Final home design, floor plan, square footage, specifications, upgrades, and sales price are subject to buyer selection and builder availability.
| |||
| Sep 4, 2026 | Price Decreased |
$410,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Increased |
$425,000
↑ $28K
(7.1%) | |
| Price Increased | |||
| Jul 5, 2026 | Price Decreased |
$397,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
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About East Lake Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017