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Westside Lakes Circle - Partially Completed Development Opportunity

15.91 Acres of Residential Land in Davenport, FL 33896

Investment Highlights

  • Located in the heart of Central Florida, within 45 minutes of Downtown Orlando, with close access to I-4 and Ronald Reagan Parkway.
  • Partially Completed Development site with Vertical Construction underway.
  • Minutes from ChampionsGate, Reunion & Posner Center.
  • Prime opportunity to capitalize on the continued growth and demand in the Davenport area with a shortened delivery.

Executive Summary

This property is being sold by a court-appointed receiver. Any purchase contract or offer is subject to court approval. The sale process, including timelines and conditions, will be governed by applicable court orders. All prospective buyers should be aware that any agreements made are contingent upon receiving the necessary legal approvals.

Data Room Click Here to Access

Property Facts

Sale Type Investment
Sale Conditions
Distress Sale
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 15.91 AC

1 Lot Available

Lot

Lot Size 15.91 AC

The property spans 15.91 acres (693,039 square feet) with 7.74 acres designated as usable area. Phase 1 occupies 5.64 acres, while Phase 2 is set for 2.10 acres.

Description

PROPERTY BEING OFFERED FOR SALE BY COURT APPOINTED RECEIVER -Westside Lakes is an exciting residential development project located in Davenport, Polk County, Florida, positioned at the intersection of Ronald Reagan Parkway and Westside Boulevard directly across from the Omni Hotel and ChampionsGate sports complex. This development offers a rare chance to take over a project with substantial groundwork already completed, allowing you to shape the future of Westside Lakes and deliver a community of exceptional homes on an accelerated timeline. This partially completed project offers two distinct phases: Phase 1 Currently Stalled, this phase includes 24 townhomes and 7 detached single-family residences. Currently, the development is approximately 25% complete, with full horizontal infrastructure in place and vertical construction well underway on 14 of the 15 planned buildings. Phase 2: Still in the conceptual stage, this phase is envisioned to include 64 condominium units. Although approvals are yet to be obtained, this phase offers upside potential for future development.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-26-05-000000-033040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$204,195

zoning

Zoning Code R-L4X (RL-4X & RMX, Residential Low & Residential Medium)
R-L4X (RL-4X & RMX, Residential Low & Residential Medium)
  • Listing ID: 32922325

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: Westside Lakes Circle, Davenport, FL 33896

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