Property profile

283 Spinnaker Ct Auburndale, FL 33823

FOR SALE
Residential land & home lots
Property ID
US18-6258501
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

Secure this premium vacant lot in the upscale Water Ridge community at a BELOW-MARKET VALUE rate exclusively when building with Banna Homes. Navigating architectural requirements can be daunting, but with Banna Homes’ deep experience in the Water Ridge approval process, you can enjoy a seamless, stress-free path from groundbreaking to move-in. Whether you prefer a streamlined experience or a fully custom creation, the choice is yours. Choose from our portfolio of pre-designed architectural plans for a faster build, or bring your own vision to us and we will bring it to life. View the high-caliber architectural elevations in the listing photos to see the caliber of luxury possible for this homesite. Significant savings on the land when you build with Banna Homes. Maximize your budget with additional incentives toward home upgrades and/or closing costs when using Banna Homes’ preferred lender. This premier gated community offers unparalleled resort-style amenities, including: Gated Entry, Multiple Lake Access Points and Boat Ramps, Clubhouse with a Full Kitchen, 3 Community Pools(including 1 Heated), Tennis, Basketball, and Pickleball Courts, and a State-of-the-Art Fitness Center equipped with Saunas! Don't miss this opportunity to build in one of the area's most sought-after communities with a builder who knows the process inside and out.

Property profile

Verified
Property type Residential land & home lots
UPID US18-6258501

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

283 Spinnaker Ct Auburndale, FL 33823
Auburndale metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2020
$65,000
2018
$77,900
2017
$35,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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