2216 Gabarone BOULEVARD, Auburndale, FL, 33823 | $3,600,000

An unparalleled development opportunity awaits at 2216 Gabarone Boulevard, Auburndale, FL 33823: a 5. 21-acre lot with approved permits for the construction of “The Town of Lake, ” a visionary multifamily residential project featuring 59 units. Strategically positioned in Central Florida, this shovel-ready property offers an impressive 118, 000 SF of proposed on-site development area, supported by 0. 29 miles of infrastructure-ready roadway and prime RG1 zoning (Medium Density Residential). Situated in the heart of a booming region, Auburndale is experiencing unprecedented growth fueled by its proximity to Orlando and Tampa, easy access to Interstate 4, and the rising demand for quality housing driven by job creation, population expansion, and lifestyle appeal. This project is designed to capitalize on the area’s thriving economy, which includes major employers, retail hubs, and recreational amenities that make it a magnet for families and professionals alike. With permits fully approved, this investment eliminates the typical time and cost barriers of development, offering a fast track to market in one of Florida’s most dynamic regions. The Town of Lake represents a unique opportunity to meet growing housing demands while delivering high returns in a location primed for long-term growth. This is not just a property; it’s a gateway to Central Florida’s next major residential success. Seize this rare chance to lead the market—contact us today to take the first step in making this project a reality!

Features

  • Lot Size: 523 x 561 x 160 x 365 x 316 x 117 x 50
  • Lot Desc: Central Business District
  • Elem. School: Lena Vista Elem
  • Middle School: Stambaugh Middle
  • High School: Auburndale High School
  • MLS#: O6260582
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /prop/O6260582/2216gabaroneboulevard_auburndale_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/11/2024 11:45:12 PM)
Listing courtesy of HOMESMART   Phone: 407-476-0461

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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2216 Gabarone BOULEVARD, Auburndale, FL, 33823

$3,600,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,880,000 $2,880,000 $2,880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.375% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.498% 6.579%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $18,441 $17,967 $24,890
Total Monthly Payment $18,566 $18,092 $25,015

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.