For its westernmost 0.4 miles (0.64 km), it has many characteristics of an at-grade boulevard; however, east of the entrance to Disney's Animal Kingdom, it becomes a grade-separated expressway.

As of 2018, OCX has merged with the Central Florida Expressway Authority (CFX), the successor to OOCEA, which currently operates the tolls on the Osceola Parkway.

[6] During the early 1990s, Disney World and Osceola County officials extended and upgraded the road to its current 12.4 miles (20.0 km) parkway form, widened the lanes from two to four and added an interchange with Florida's Turnpike, with the highway opening on August 18, 1995.

[10][11] The Central Florida Expressway Authority (CFX) is planning an easterly extension as part of the Osceola County Beltway System.

Following a 2012 feasibility study and a March 2013 public meeting, at which time the highway was under Osceola County Expressway Authority jurisdiction, the project team decided on an alignment along the county line, either leaving the current roadway east of Windy Cove Drive (Bridgewater subdivision) or following the current roadway to its end at Simpson Road and curving northeast there.