Oakwater Homes for Sale

About Oakwater Neighborhood

Oakwater Resort is a gated, vacation-eligible condominium community nestled along the western edge of Kissimmee in the 34747 ZIP code — one of the most strategically located resort corridors in all of Central Florida. The community is positioned just south of US 192 (Irlo Bronson Memorial Highway), immediately accessible from N. Old Lake Wilson Road (SR-545), giving residents and guests rapid access to Walt Disney World, area shopping, and the broader resort district without navigating major highway congestion.

Developed by Centex Homes in 2007 and later acquired by Pulte Homes, Oakwater consists of 184 individually owned condominiums arranged in a carefully landscaped setting around Oakwater Lake. The community's address at 2705 Wolcott Lane places it within a conservation-adjacent buffer zone, with natural wetlands bordering the property to the east and the Mystic Dunes Golf Club corridor nearby to the south. This combination of resort living with natural surroundings sets Oakwater apart from more densely developed resort communities in the same ZIP code.

Units at Oakwater range from two-bedroom, two-bath condominiums to three-bedroom, two-bath layouts, with square footage spanning approximately 1,036 to 1,777 square feet. Many units feature private balconies, screened lanais, and lake views. The two-story townhome-style buildings offer attached garage options on select units, a feature uncommon among resort condominiums in this price range. Every residence is individually owned, and the short-term rental policy permits vacation rental income, making Oakwater attractive both as a personal vacation retreat and as an investment property.

The 4,000-square-foot clubhouse anchors the community's resort identity, housing a fitness center, game room, concierge desk, and a children's playground that spills out to the community pool and splash pad area. A lakeside walking trail around Oakwater Lake provides a scenic outlet for daily exercise — a quality-of-life amenity that guests and owners consistently cite as one of the community's most pleasant surprises. No CDD fee applies to Oakwater, which represents a meaningful long-term financial advantage compared to many newly constructed resort communities in Osceola County. For more about CDD fees, see our guide: What's a CDD?

Oakwater Location & Connections

Oakwater sits in the heart of the Westside resort corridor in Kissimmee, bordered by N. Old Lake Wilson Road (SR-545) to the west, Magic Tree Drive to the north, and Oakwater Drive looping through the interior. Conservation wetlands and Oakwater Lake define the community's natural eastern and southern edges, creating a buffer of green space that quiets the surrounding resort activity. The community's entrance aligns with one of the most traveled vacation-residential corridors in Osceola County.

Access to US 192 is less than a mile to the north, connecting residents instantly to dining, shopping, entertainment, and the Walt Disney World main gate. SR-429 (Western Beltway) is accessible within minutes to the west, providing a direct expressway link to I-4, Horizon West, and greater Orlando without navigating tourist corridors. Florida's Turnpike interchange is also within a short drive for statewide travel.

Oakwater Amenities & Lifestyle

Life at Oakwater balances the convenience of resort-style amenities with the serenity of a small, lakeside community. The gated setting, walking trail around Oakwater Lake, and conservation wetland borders give the community a quieter character than many of its larger resort neighbors — yet owners and guests are never more than a few minutes from the full breadth of the Kissimmee Westside entertainment and dining corridor.

Whether you're here full-time, seasonally, or as an investor renting to vacationing families, Oakwater's location along US 192 provides effortless access to everything the region offers. The adjacent Mystic Dunes Golf Club, a nearby Super Walmart, and a dense cluster of restaurants and shops along US 192 mean daily needs are covered within walking distance or a very short drive.

How Oakwater Compares

Oakwater occupies a distinctive niche in the Kissimmee Westside resort market: it is one of the few condominium communities in this corridor offering individually owned units, no CDD fee, and direct conservation/lakefront adjacency — all within 4.4 miles of Walt Disney World. Buyers choosing between resort communities in the 34747 ZIP code will find Oakwater's smaller scale (184 units) and lakeside character to be meaningful differentiators from the larger resort enclaves nearby.

Oakwater HOA & CDD Information

Oakwater is governed by the Oakwater Condominium Association, established in 2006. The association oversees all common areas, the clubhouse facilities, pool maintenance, exterior building maintenance, landscaping, and community-wide services including trash removal and basic cable/internet for many units. The HOA structure is typical of a condominium resort — owners pay monthly dues that fund the resort's operational costs, enabling the no-maintenance lifestyle that attracts both primary residents and vacation-rental investors.

One of Oakwater's most significant financial advantages is the absence of a CDD (Community Development District) fee. Many Kissimmee Westside resort communities carry CDD assessments that add several thousand dollars annually to ownership costs. At Oakwater, no CDD applies — owners pay HOA dues only, making the total cost of ownership more predictable. See our What's a CDD guide to understand what this means for your purchase.

Frequently Asked Questions