LAKE FREDERICA TOWNHOME COMMUNITY True Infill Site 5 Minutes to - PowerPoint PPT Presentation

LAKE FREDERICA TOWNHOME COMMUNITY True Infill Site 5 Minutes to Orlando International Airport 3 Well-Maintained Tennis Courts Clubhouse Large Swimming Pool Lakefront Gazebo and Fishing Pier Close Proximity to Expressways

LAKE FREDERICA LOCATION AERIAL

Site Plan 48 Developed Townhome Lots

Close-up Aerial 48 Developed Townhome Lots Overlooking Lake and Conservation Area

Large Percentage of Lots are Waterfront

Backyard Views

Backyard Views

Backyard Views

Backyard Views

Community Fishing Pier on Spring-fed Lake Frederica

Community Fishing Pier on Spring-fed Lake Frederica

Lakefront Gazebo and Grilling Area

Aerial View of Amenities

Large Well-Maintained Pool Area

Pool Area and Clubhouse

LAKE FREDERICA COMPARABLE RENTAL RATES AND OCCUPANCY Location 3BR/2 BA Sq Footage 4 BR Sq Footagr Garage/covered? Age Remodeled % Occupancy Harper Grand $1330-$1430 1175-1375 $1,575 1375-1397 No 1983 Yes 96.98% Blossom Corner Apts N/A N/A N/A N/A No 1984 Minimally 89% Avesta Shore Club $1344-$1865 1261 N/A N/A Yes $50 per mo 1973 No 94.70% Tuscany Bay Apts N/A N/A N/A N/A No 1984 taking place now 93% Bellagio Apt homes 1329 1200 N/A N/A No 1999 No 96% Arium Barber Park N/A N/A N/A N/A No 1995 Yes 95% Harbor Beach N/A N/A N/A N/A No 1995 Partially 99.60% Cypress Run $1280-$1300 1200 N/A N/A No 1988 Yes 95% Fisherman's Village $1,350 1150 N/A N/A No 1986 Yes 95% Fountains at Lee Vista $1,439 1129 N/A N/A No 1988 taking place now 96.50% Grand Reserve at Lee Vista $1,557 1390 N/A N/A $105 garage 1997 Yes 92% Camden Lago Vista $1,589 1414 N/A N/A included with 2 br 2005 Yes 95.40%

SUMMARY TRUE INFILL OPPORTUNITY • 48 TOWNHOME LOTS • Lot Size • PAD SIZE 18’ x 67’ • ROAD AND SCHOOL CONCURRENCY • 60% OF THE LOTS ARE WATERFRONT • VERY WELL MAINTAINED CLUBHOUSE, 3 TENNIS COURTS, SWIMMING POOL • VERY WELL MAINTAINED FISHING PIER AND LAKEFRONT PICNIC GAZEBO ON CRYSTAL • CLEAR, SPRING FED LAKE FREDRICA MASTER ASSOCIATION CONTRIBUTION IS $40.00 PER TOWNHOME UNIT WHICH PAYS FOR • MAINTENANCE OF ROADS, CLUBHOUSE, TENNIS COURTS, GAZEBO, FISHING PIER • MASTER ASSOCIATION HAS NO A R B DECISIONS OVER THE 48 UNITS • THE 48 TOWNHOME UNITS WILL HAVE THEIR OWN ASSOCIATION • 3.75 MILES TO ORLANDO INTERNATIONAL AIRPORT • 2 MINUTES TO THE 408 AND 417 EXPRESSWAYS • SURROUNDING APARTMENT AND CONDO RENTALS AVERAGE $1450 PER MONTH • AND ARE ON AVERAGE 96% OCCUPIED • SURROUNDING AREAS 100% BUILT OUT • ON SITE SECURITY •