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554 ORANGE DRIVE #15, Altamonte Springs, FL, 32701

1beds
1baths
633sqft
$118,000
$186price/sqft
$950/moest. monthly cost
$38,000/yrincome needed

About This Home

Investor Opportunity – Turnkey Income-Producing Condo! Don’t miss this well-maintained second-floor condo offering immediate rental income with a tenant in place paying $1,460/month through September 2027—providing stable, long-term cash flow from day one. The unit features tile flooring throughout for low maintenance, granite countertops for a modern touch, and a private balcony for added outdoor space. Residents enjoy convenient community amenities including community laundry, boat access, two pools, and a tennis court, enhancing tenant appeal and retention. A true low-maintenance, income-producing investment ready to go!

Getting Around

71
WalkingVery Walkable
29
TransitSome Transit
43
BikeSomewhat Bikeable

Schools

3/10
6/10
Milwee Middle SchoolGrades 6-82.2 mi
6/10
Lyman High SchoolGrades PK,9-122.6 mi

Construction

Condition

  • Year built: 1972

Materials

  • Foundation: Block,Slab
  • Roof: Shingle
  • Construction materials: Block,Stucco,Wood Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range,Refrigerator
  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Area: 120
  • Dimensions: 12x10

Features

  • Eating Space In Kitchen,Open Floorplan,Solid Surface Counters,Solid Wood Cabinets,Thermostat
  • Flooring: Ceramic Tile

Heating & Cooling

  • Heating features: Central,Electric,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 633
  • Total interior livable area: 633 sqft

Kitchen

  • Level: First
  • Area: 68.25
  • Dimensions: 10.5x6.5

Living Room

  • Level: First

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Area: 125
  • Dimensions: 12.5x10

Property

Details

  • Parcel number: 13212952100000150
  • Zoning: R-3
  • Special condition: None

Features

  • Levels: Three Or More
  • Stories: 3
  • Exterior features: Garden,Lighting,Playground,Sidewalk
  • Has view: Yes
  • View description: Garden
  • Waterfront features: Lake,Lake Privileges,Boat Port,Fishing Pier,Skiing Allowed
  • Waterbody name: LAKE ORIENTA

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hurricane
    HurricaneModerate

How This Home’s Risks Compare

Tornado
Inland Flooding
Lightning
Strong Wind
Hurricane

FEMA Declared Disasters in Seminole County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $596$7,152
Home Insurance *$89$1,068
Property Taxes $68$816
Electricity $197$2,366
Total$950$11,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,571/yr
40% on housing$28,500/yr
45% on housing$25,333/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.0%
13.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$186This listing

vs Other Active Listings

Avg $/sqft

ZIP 32701$113
Seminole County$186

vs Homes Sold Last Month

Median $/sqft

ZIP 32701$232
Seminole County$241

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-05Price change$109,000
2026-06-17Price change$118,000
2026-06-06Listed for sale$125,000
2023-08-24Listing removed--
2023-08-14Listed for rent$1,350
2023-07-17Listing removed--
2023-06-16Listed for rent$1,350

For Sale by Agent

AgentGiovanna D'Alessandro
BrokerageRP INVESTMENT REALTY LLC

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