Kermit,
I dont know the Oak Island resort, but we are also staying in a resort along the Formosa Gardens Boulevard (FGB), where Oak Island is located, off of US 192.
I know the area very well, as I usually stay in what was a Sheraton Fourpoints hotel, the Lakeside Inn, which is located opposite FGB. You've picked a very good location, for a few reasons.
As you probably know, the resort is only a 10 minute or so drive from the Disney parks, accessed along World Drive, and is about the same drive time from Disney DownTown too. Seaworld is maybe another 5 minutes farther on. Universal is about a 30 minute drive, but is easily gotten to using I4, which is also close by your resort.
Personally I prefer to be a little bit removed from all the hubbub of the really touristy areas such as I-Drive, and LBV, so I also like the location for that reason too - close enough to be convenient for all the major attractions but also far enough away to be chilled out for down (non-park) days.
If you're a shopper (like me) the excellent Orlando Premium Outlets mall is about 15 minutes away, (going North on I4, turn off at DownTown) as is the smaller but also good Lake Buena Vista Factory Stores - go east on US192, then turn left onto SR535, it's about 10 minutes drive from your place.
In terms of everyday food or other shopping, there is a Publix store about a mile or so west on US192, near the entrance to Orange Lake Country Club. Even closer, literally at the corner of US192 and FGB, a large former Goodings supermarket, now called Value Store or something similar. The only reason I tend not to use it is I find it a good bit more expensive than Publix, but for a last minute or forgotten purchase, it's very convenient. There are also other shops such as Eckerd, Walgreens, And other convenience stores all within a few minutes drive.
Food wise, well, you really couldn't want for a better choice. US 192 is packed with just about every well known chain restaurant and fast food place, as well as a nice selection of one off restaurants and eateries, again all within a few minutes of your front door.
All the usual suspects are close by : MacDonalds, Burger King, KFC, Pizza Hut, Subway, Dairy Queen, Ponderosa (one I'd recommend, great quality at very low prices), Shoneys, Red Lobster, IHOP, Sizzler, Perkins (open 24 hours)... pretty much, if you name a big chain, there will be one close by.
A few places I'd particularly recommend which are very close by are:
Key W. Kools: A steak house with a large open pit grill that much of the food is prepared on, in full view of most tables. It has terrific food and is good value, and is just a minute or so from the junction of FGB and US192 , going east towards I4.
Charlies Steak House: Just about my favourite Orlando restaurant, and I'm not a big steak eater ! The food is always excellent, and they do steaks the size of surfboards if you can face them - off menu, you can order a 72 OUNCE STEAK !!! I love the steaks, but if I dont fancy that, I go for the pork chops, always ridiculously thick and juicy, to die for !! The portions are huge, but I'd advise you try to leave room for a dessert, you wont believe the size of the slices of cake they serve !! Located a litttle further away but still only a 5 minute drive, it is again on US192 going east, in a shopping mall area - the name of which escapes me unfortunately- which is located directly opposite the right turn off of US192 into Celebraton, the Disney town.
Carabbas which is located in the Value Store development mentoned above at the junction of FGB and US192. An Italian styled establishment, the meal was excellent. It's always busy, but having eaten there I can understand why, a definite cut above the norm.
Angels at the Holiday Inn Nikki Bird Resort, again, along US 192 going east, maybe a minute on from Key W Kools. It's a 50's diner themed place. They do both a buffet and a full menu service, nice food, nice place.
I hope this helps you. If you have any other questions about the area, location, local facilities, whatever, please feel free to ask, I'll be happy to help if I can !
