
Land with Home for Sale in Oviedo, Florida
Lake Mills Rd, Oviedo, FL 32766
One or more photo(s) has been virtually staged. RARE 15.25+ ACRE LAKEFRONT DEVELOPMENT OPPORTUNITY ON PRISTINE LAKE MILLS
An rare opportunity to acquire over 15.25 acres across two separate lakefront parcels with approximately 300 feet of frontage on the crystal-clear, spring-fed waters of Lake Mills, one of Central Florida’s most exclusive private ski lakes.
This unique offering combines an existing luxury 6-bedroom, 7.5-bath waterfront estate with a separate buildable parcel featuring approximately 7.88 acres of uplands, creating an extraordinary opportunity to enjoy the current residence while designing and constructing a future custom luxury lakefront home within the same private gated compound.
Ideal for a multigenerational estate, private family compound, executive retreat, guest residence, or long-term investment hold, this property offers a level of flexibility and future development potential rarely found in Seminole County’s protected Rural Boundary.
Privately tucked behind a winding 700-foot drive, the existing estate features soaring 24-foot coffered ceilings, stacked stone architectural details, rich pecan wood flooring, panoramic lake views, expansive entertaining spaces, and a chef’s kitchen appointed with imported Taj Mahal granite, custom cabinetry, dual ovens and sinks, and flush built-in refrigeration.
Outdoor amenities include a summer kitchen, gazebo, expansive waterfront entertaining areas, 100+ foot dock, 23+ foot boat lift, dual jet ski lifts, and direct access to one of Central Florida’s premier recreational lakes.
The professionally designed equestrian facility features 4 stalls with Saratoga doors, veterinary-grade grooming room, wash rack with tankless hot water, air-conditioned feed and tack room, mattress stall flooring, plumbed barn aisle with underground drainage, poured concrete walls, and spray foam insulation throughout.
With NO HOA, agricultural exemption potential, substantial buildable waterfront acreage, luxury improvements, and future development opportunities, properties of this caliber are exceptionally rare and nearly impossible to replicate today.
Conveniently located minutes from Oviedo, UCF, Downtown Orlando, Orlando International Airport, world-class beaches, dining, shopping, and entertainment.
Private showings available by appointment only.
Location
- Street address
- Lake Mills Rd
- County
- Seminole County
- Elevation
- 45 feet
Directions
From Lockwood Blvd in Oviedo, head south on Hwy 419/Chuluota Rd. Turn left (east) onto Lake Mills Rd. Property will be on the left (#746).
From East 408, travel east on Hwy 50/Colonial Dr. Turn left (north) onto Hwy 419/Chuluota Rd, then right (east) onto Lake Mills Rd. Property will be on the left (#746).
Property details
- Acreage
- 14.3 acres
- Zoning
- A5
- MLS #
- MFRMLS O6409157
- Posted
Property taxes
- 2025
- $30,391
Parcels
- 28-21-32-300-007C-0000
Legal description
SEC 28 TWP 21S RGE 32E W 152.5 FT OF E 305 FT OF N 7/8 OF SE 1/4 (LESS RD)
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Lot
- Waterfront
- Lake Front, Waterfront
- Features
- Dock
Exterior
- Parking
- Garage, Garage-Attached, Oversized
- Fencing
- Fenced, Gate
- Structures
- Outdoor Kitchen
- Features
- Balcony, Fencing, Lighting, Outdoor Grill, Paved, Rain Gutters, Security Lights
Structure
- Style
- Contemporary
- Heating
- Central, Fireplace(s), Zoned
- Cooling
- Central Air
- Materials
- Block, Stucco
- Roof
- Tile
Interior
- Room Count
- 13
- Rooms
- Bathroom x 5, Bedroom x 5, Bonus Room, Den, Dining Room, Family Room, Kitchen, Living Room
- Flooring
- Carpet, Tile-Ceramic, Wood
- Fireplaces
- Yes
- Appliances
- Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Refrigerator-Wine Storage, Washer
- Security
- Closed Circuit Camera(s), Security Gate, Security Lighting, Security System, Security System Owned, Smoke Detector(s)
- Features
- Built-In Features, Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, Crown Molding, Eat-In Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
Nearby schools
| Name | Type |
|---|---|
| Walker Elementary | Elementary |
| Chiles Middle | Middle |
| Hagerty High | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 21, 2026 | New listing | $4,995,000 | — | MFRMLS |















































