What is the asking price for Lago Vista?

The lease rate for space here is Contact for pricing.

What is the total size of Lago Vista?

The property has a total square footage of 43,520 SF.

How many parking spaces are available at Lago Vista?

Parking information for the property isn't currently listed. However, other nearby parking options include Kissimmee/St. Cloud Turnpike Lot, located 3.00 miles away , and Tupperware SunRail Station Park and Ride, which is 3.29 miles away.

180 Royal Palm Drive, Kissimmee, FL 34743

For Sale $6,000,000
Property Type Other
Property Size 43,520 SF
Units 40
Year Built 1982
Date Updated May 21, 2026

Description

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.