MARDI GRAS STREET, ORLANDO, FL 32833
99,000
Sqft
96117/Sqft
Price $99,000
Property type
Status Active
Square feet 1.03 Sqft
Year built N/A
Garages N/A
Lot size 1.03 Sqft

Description

Discover the perfect setting to build your dream home on this 1.03-acre lot on Mardi Gras Street in the desirable Wedgefield community. Situated in East Orlando, also known as Cape Orlando Estates, this property offers the best of both worlds—peaceful country living with easy access to city amenities.
Wedgefield is a one-of-a-kind golf and equestrian community featuring an 18-hole golf course with a clubhouse and restaurant, plus a wealth of recreational facilities including a large community park, pickleball and ball courts, outdoor exercise equipment, and a dog park. With regular community events, there’s always something to enjoy here.
Nature enthusiasts will love the nearby Hal Scott Regional Preserve and Park, a vast 9,515-acre nature preserve with miles of scenic trails for hiking, biking, and horseback riding along the Econlockhatchee River. The pristine beaches of Port Canaveral are just minutes away, and the 528 offers a quick commute to Lake Nona, Medical City, and Downtown Orlando.
Whether you're ready to build your dream home or looking for an investment opportunity, this lot on Mardi Gras Street is the ideal location. Buyer is responsible for verifying all information, including but not limited to zoning, permits, and property details. Seller and listing broker make no guarantees regarding accuracy.

Location

Restaurant

Pets

Walkable

Kids

Schools Pets Cafes Restaurants

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MARDI GRAS STREET

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Frequently Asked Questions

Is it a good idea to buy a home in Kissimmee or Davenport to rent it on Airbnb?

Kissimmee and Davenport are two of the most profitable areas for vacation rentals near the Disney theme parks, thanks to year-round tourism demand. However, not all communities allow short-term rentals: you\'ll need to choose developments specifically zoned for short-term rental, such as ChampionsGate, Solara Resort, Storey Lake, Windsor Island, or Reunion. Profitability depends on the size of the home, average occupancy, and the cost of property management, HOA, and taxes. A well-located home can generate attractive income, though results may vary by season and how it\'s managed. At Florida HomeGroup Realty, we only show you Airbnb-approved properties and connect you with experienced vacation rental managers.

What are the closing costs and additional expenses when buying a property in Orlando?

When buying a property in Orlando, you should budget an additional 2% to 5% on top of the purchase price to cover closing costs. These typically include title insurance, title search, inspection, appraisal, prorated taxes, the first property insurance premium, and initial HOA fees if applicable. If you finance the purchase, add loan-related costs (origination, appraisal, and points). Property taxes in Florida usually range between 1% and 1.5% of the assessed value per year. Each transaction can vary depending on the area, property type, and builder. At Florida HomeGroup Realty, we provide a detailed estimate before you sign, so there are no surprises on closing day.

Is it better to buy a new construction home or a resale property in Orlando?

It depends on your goals. A new construction home usually comes with warranties, better energy efficiency, modern designs, and customization options; many builders also offer incentives such as rate buydowns or closing cost assistance. A resale property, on the other hand, may offer a more established location, mature landscaping, room to negotiate the price, and immediate availability. For vacation rental investment, new homes in short-term rental communities are often the preferred choice. Each decision depends on your budget, timing, and personal goals, so it\'s worth reviewing both options with a specialized advisor. At Florida HomeGroup Realty, we help you compare real options and negotiate with both builders and sellers.

Can I buy a house in Orlando if I\'m a foreigner and don\'t live in the United States?

Yes. In Florida, foreign buyers can purchase property without needing a visa, residency, or U.S. citizenship. The process is very similar to that of a local buyer: you submit an offer, complete the inspection, hire a title company, and close the deal. You\'ll only need a valid passport, proof of funds, and in some cases an ITIN for tax purposes. Keep in mind that regulations such as FIRPTA may apply when you sell the property, so it\'s wise to plan from the start. Each case can vary, which is why personalized guidance is recommended. At Florida HomeGroup Realty, we guide international buyers through every step with bilingual support and a fully transparent process.

What financing options are available to buy a home in Orlando if I\'m not a U.S. resident?

There are several alternatives to finance your Orlando property even if you live abroad. The most common is the foreign national loan, which usually requires a down payment between 25% and 35%, proof of income from your home country, and international bank references. Some buyers prefer to pay cash to close faster and refinance later. Interest rates for foreign buyers tend to be slightly higher than for local borrowers, and terms vary by lender. Each institution has its own policies, so it\'s recommended to review options with a specialized advisor before making an offer. At Florida HomeGroup Realty, we work with mortgage brokers who specialize in financing for international and Latin American buyers.

Veterans and Military Benefits

We work with Veterans specialists to provide expert guidance and access the exclusive homebuying benefits for those that have served. Find a Veterans real estate agent or VA loan officer today.

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