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Land with Home for Sale in Oviedo, Florida

Lake Mills Rd, Oviedo, FL 32766

$4,995,000
14.3 acres
Active sale
ago
Est $26,491/mo

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.

5,776
Sq feet
6
Beds
7
Full baths
1
1/2 bath
2005
Built

Location

Street address
Lake Mills Rd
Elevation
45 feet
Coordinates
28.6314, -81.1139

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

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

NameType
Walker ElementaryElementary
Chiles MiddleMiddle
Hagerty HighHigh

Listing history

DateEventPriceChangeSource
May 21, 2026New listing$4,995,000MFRMLS
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This 14.3-acre property is located at Lake Mills Rd in Oviedo, FL 32766. The property is available for sale for $4,995,000. It has a 5,776 sq ft 6 bedroom, 7 bath house built in 2005.

Listed by LPT Realty, (877) 366-2213

Checked 1 hour agoUpdated Source

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