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- LoopNet Team
13651 Reams Rd
Windermere, FL 34786
Approved for 21 Townhomes, Windermere, FL · Land For Sale
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4.95 AC
INVESTMENT HIGHLIGHTS
- Located in the heart of wealthy Orlando suburb Windermere Florida & Walking distance to new Walt Disney North Gate!
- 32,000+ Homes Under Development 3 Miles from Walt Disney World & Florida has No State Income Tax!
- Orlando was recently named the “hottest” single-family real estate market among the 50 largest US metro areas (Ten-X Research’s quarterly report).
- Forbes reports that 72 million people visited the Orlando area in 2017, making it the most visited tourist destination in the country.
- Orlando’s population has grown 52% since the year 2000 and is expected to grow an additional 2.3% in 2019.
- Horizon West today is on e of the Three Fastest-Growing Master-Planned communities nationwide.
PROPERTY FACTS
DESCRIPTION
5+/- acres located within the most sought after area known as Windermere, Florida within the Horizon West Development Corridor. Rare opportunity for developer, investor, land banker, to acquire a residential development track of land within Windermere, FL with site plan approval for 18-21 single family or town home lots.The current approved plan presents 21 town homes featuring three-bedroom, three and half bathroom town home floor plan. Land also consist of an existing 3 BR, 3.5 BA 2095/SF built in 2004 currently occupied with a tenant until June 2021. Site is surrounded by new developments such as the newest development being built on the 235 acres featuring custom homes starting in the $700+ price point, Pulte Homes, Park Square, Mattamy homes and Reams Road is expanding from a 2 lane road to 4 lanes. Site is just just minutes from the back gates of Disney World and the newest development called The Mark featuring over 200,000/SF of retail development just minutes from site and the Winter Gardens newest OCPS High School and Elementary School coming in 2021. Record permits are being pulled within the Corridor of Horizon West and Windermere Florida. This opportunity present a land banker, developer, investor to hold or develop a project and benefit from the market demand as the rental market Rents grew by 2.5% in the last 12 months, which is higher than the national and state levels. Horizon West with only about 1/4 of its 23,000 acres built-out, already has carved out a place among Metro Orlando's most Successful newer developments. Started less than 3 full decades ago in SW Orange County, N of the Walt Disney World Resort, Horizon West today boasts more than 20,000+ residents and by at least some measures, is one of THREE fastest-growing master-planned communities Nationwide. There is more growth on the horizon. Among them is the 200-acre Horizon West Sports Complex Orange County plans. Also, to the West, Lake County has its own plans for development, including a roadway connector called Wellness Way. The construction of Orlando Health campus in Hamlin has brought even more growth.
