Lago Vista

SP Multifamily Group is pleased to present Lago Vista, a 40-unit garden-style multifamily community comprised exclusively of large two-bedroom/two-bathroom floor plans averaging 1,088 square feet. Constructed primarily in 1982, the property offers true bed/bath parity, private screened patios, and a well-rounded amenity package including a swimming pool, playground, dog park, shuffleboard, leasing office, and expansive green space for further amenity activation. The exterior and landscaping present exceptionally well for the asset’s vintage, reflecting consistent upkeep and pride of ownership.

Lago Vista is located at 180 Royal Palm Drive in Kissimmee, Florida, within the rapidly expanding Orlando MSA. The community sits minutes from Lake Nona Medical City, Lake Nona Innovation District, NeoCity’s emerging semiconductor and technology master plan, multiple hospitals, corporate headquarters, and the Orlando International Airport, positioning it within one of Central Florida’s most durable demand corridors.

Additionally, the community is located in close proximity to the professional sports-anchored Heritage Park Master Plan and the Sunbridge Master Plan. Sunbridge is being developed by Tavistock, the same company that brought us Lake Nona, and will span 27,000+ acres at full buildout (roughly twice the size of Lake Nona). Within Sunbridge, there are plans for a 700+ acre Business Park, where aerospace company Blue Origin has already secured a significant footprint. As development on the Business Park progresses, it is expected to generate thousands of jobs across aerospace, distribution, and professional service sectors.

With 28 units already renovated and 12 classic units remaining, the property offers a clearly defined path to complete the value-add program while continuing the operational transition to stabilized multifamily use. Investors have the opportunity to acquire a well-maintained asset with renovation momentum already in place, while capitalizing on leasing improvements and long-term growth within a high-demand submarket.