Capstone Land Sales is pleased to present Waterside at Lake
Saunders Development Site: a ±9.73-acre multi-family development site located
on Lake Saunders in Tavares, FL. This lakefront site is zoned to allow for up
to 240 Class A apartment units. The current owner has completed a large portion
of the due diligence work, allowing new ownership to be able break ground after
final site plan approval. The site includes a boat launch and a boat dock,
allowing direct lake access for future residents. The location of the site will
benefit future ownership by being the only apartment complex located on Lake
Saunders, providing a built-in marketing advantage over nearby rental
competitors. The site is located near the Wekiva Parkway expansion, which once
completed will allow Lake County residents unparalleled access into the rest of
the Orlando MSA, and the abundance of economic drivers in nearby submarkets.
Waterside at Lake Saunders demonstrates a unique opportunity for a fast-tracked
development site in a Central Florida submarket that is primed for tremendous
growth.