Lady Lake Apartments Lady Lake, FL

Investment Highlights

• Permit-Ready Site with Full Entitlement Stack in Place
• Direct Adjacency to The Villages
• 630 Feet of High-Visibility US-441 Frontage
• 330 Approved Units — Permit-Ready Floor Plans Averaging 1,006 SF
• Summit Prototype Compatibility — Potential for 5–10% Construction Cost Savings
• Inland Location — Materially Lower Insurance Costs vs. Coastal Markets
• Top 5 Fastest-Growing County in Florida — 40%+ Population Growth Since 2010

Permit-Ready Site with Full Entitlement Stack in Place

This is a fully entitled, permit-ready land site with a complete entitlement stack in place, including a Town of Lady Lake Development Order, FDOT approval, and St. Johns River Water Management District Environmental Resource Permit. The site plan has been approved for 330 multifamily units across 7 buildings, with floor plans designed and permit-ready. The approved unit mix consists of 108 one-bedroom units (708 SF), 150 two-bedroom units (1,024 SF), and 72 three-bedroom units (1,415 SF), averaging 1,006 SF per unit. The buyer steps into a development-ready position, eliminating entitlement risk, political exposure, and the 12–24+ month timeline typically required to entitle multifamily in this regulatory environment. The site also includes a billboard generating ancillary income, which conveys with the land.

Direct Adjacency to The Villages

The site is located in Lady Lake, Florida, within Lake County, situated directly adjacent to The Villages — one of the nation’s largest and fastest-growing master-planned retirement communities and consistently one of the top-selling housing markets in the United States. The property fronts US Highway 441 with approximately 630 feet of direct road frontage, providing outstanding visibility and accessibility along the primary commercial and residential corridor connecting The Villages to Leesburg, Fruitland Park, and the greater Orlando MSA. The Orlando metro is accessible via US-441/27 south and I-75/Florida Turnpike interchange in nearby Wildwood, approximately 10 miles away.

630 Feet of High-Visibility US-441 Frontage

The immediate US-441 retail corridor is anchored by Target, Home Depot, Lowe’s, Publix (multiple locations), Walgreens, CVS, Sprouts Farmers Market, Starbucks, and a wide variety of national QSR and service tenants — all within minutes of the site. Major healthcare employment anchors include AdventHealth Waterman and UF Health Leesburg Hospital, both within 15 miles. Lake-Sumter State College, serving over 6,000 students across multiple campuses, provides an additional educational and employment driver for the broader submarket.