Lake Cherokee, Orlando, FL Homes for Sale
About Lake Cherokee
Lake Cherokee is a residential and commercial neighborhood built around Lake Cherokee in Downtown Orlando, Florida. The Historic District features 16 residential city blocks and two schools. Located in the heart of Downtown Orlando, residents can easily commute to most business areas in the city. For recreation, there is a couple of lakeside outdoor parks in the community that are a short walk away from most of the residences. If you are looking for a new home in the region, Lake Cherokee has several properties available for purchase. Homes in the neighborhood are a combination of bungalows and Tudor-types built during the 1920’s. Many of these homes have been re-developed and repurposed into modern residences and offices. Substantial rehabilitation of the community is ongoing especially on many historic structures in the district. A 10-year exemption applies to 100% of city taxes for increase caused by property valuation due to rehabilitation. Buying a home does not change the status of this exemption. Investors looking for excellent real estate opportunities will love the many rental homes and residential properties they could buy in the area.