Lakefront Garden Style Multifamily Development Site
EXEMPT FROM $4.8M IN IMPACT FEES | NO MAJOR IMPROVEMENTS NEEDED
Marketing description
This high-density residential multi-family development, the Preserve on Lake Catherine, is strategically located in unincorporated Orange County near major employment and retail hubs, including Downtown Orlando, the Millenia district, and Universal Studios. This site offers a rare combination of a prime waterfront location and immediate development potential. With current site zoning for up to 560 multi-family units and approximately 28 buildable upland acres, this property is perfectly poised to meet the rising demand for premier residential living.
Investment highlights
Massive Impact Fee Discount: Due to previous construction, the site is exempt from impact fees for the first 324 units, equivalent to a discount of $4.8 million.
Off-Site Infrastructure in Place: Secure your investment with a fully developed site where infrastructure and utilities are in place.
Optimal Zoning: Benefit from the flexible R-3 (Multifamily Dwelling District) zoning and Medium Density Residential (MDR) future land use. This entitlement supports a high-density development of up to 20 dwelling units per acre.
Strategic Location: Capitalize on the prime location on Lake Catherine, offering panoramic waterfront views and exceptional connectivity to key Central Florida employment corridors.
Premium Revenue Potential: Maximize returns with "Waterline Residences". These lakefront units are projected to command rental premiums, with additional revenue potential from optional boat-slip rentals.
Opportunity Zone: This exemption provides substantial cost savings and directly improves project feasibility.
Location Highlights:
Located just off I-4 and John Young Parkway with several national retailers nearby (Publix, Aldi, Wawa, Costco, Home Depot, etc)
14 Minute Drive (5 Miles) from Downtown Orlando
15 Minute Drive (8 Miles) from Universal Studios
20 Minute Drive (8.5 Miles) from Orange County Convention Center
To access additional details about this deal, please call Listing Agent Hayle Short at (813) 297-4914.
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