During a recent government meeting, discussions centered on two significant development projects in Apopka, Florida: Brixton Landing Limited and Wellington Park Apartments. Both projects are located within the 32703 zip code, an area that has seen a steady increase in property values since 2017.
The Brixton site, primarily consisting of vacant land and commercial properties, has shown a notable rise in assessed value. According to property appraiser data, the assessed value of a nearby property has surged from $47,000 in 2021 to approximately $90,000 currently. This upward trend aligns with broader market patterns observed over the past decade.
Conversely, the Wellington Park Apartments site, which underwent redevelopment, received its certificate of occupancy in December 2022. The meeting highlighted the presence of four residential properties adjacent to this site, further indicating the area's growth and development potential.
Overall, the discussions underscored the positive trajectory of property values in Apopka, suggesting a robust real estate market that could attract further investment and development in the region.