This exceptional 21.3-acre parcel in Winter Garden, Florida (APN 31-24-27-0000-00-003), presents a lucrative hospitality development opportunity. Currently undergoing rezoning to P-D, anticipated completion by December 2024, the site allows for approximately 360 short-term rentals or a mix of hotel/condo units, plus 5,000 square feet of commercial space. The property boasts 10.3 buildable acres, situated within the Horizon West overlay, offering proximity to major attractions. Its strategic location near Disney's Flamingo Springs, Western Way Extension to Clermont, The Grove Resort, and Margaritaville Resort, along with the recently constructed Prose Avalon Pointe apartments, ensures high visibility and strong potential for return on investment. The total square footage is 927,732, with the permitted zoning currently A-1. Note that 11 acres of the property consist of wetlands. This prime location and development potential make this a truly exceptional investment. The asking price is $14,000,000.

Property type Land

Total area 927,732 SF

Lot 21.3 ac (927,828 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

17998 Grove Ct Winter Garden, FL 34787

Winter Garden metro

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