Sun Lake

Lake Mary, Florida

 

Units: 600

Leasing & Marketing: Del American

Contractor: Del American

Property Management: Del American

Construction Lender: Bank of Boston

Total Investment: $30,000,000

Investor: Bank of Boston

Started: 1989

Completed: 1991

 

Sun Lake is located off Lake Emma Blvd in the Crossings PD at 420 Sun Lake Circle Lake Mary Florida. Del American developed the property in 3 Phases using tax exempt bonds and conventional financing which required 80% of the apts be designated for residents earning less than 80 % of the median income in Seminole County. The community, developed on a lake, covered 40 acres and was built in 2 and 3 story garden style breeze way buildings. The property consists of 6 floor plans, 1 to 3 bedrooms, ranging from 615 sf to 1285 sf. Amenities include 2 club houses, 2 pools and tennis courts.