New Construction Projects in Spring Lake, Florida

Project 1: Spring Lake Apartments

• Developer: Peacock Capital (Ken Polsinelli / Sora Capital Partners / Scarecrow Acquisition Group LLC)
• Location: Near Spring Lake Plaza/Spring Lake Square, Winter Haven (13-acre lakefront site on northwest corner of Spring Lake area)
• Type: Multifamily Apartments (Residential)
• Units/Size: 168 units across 7 buildings (24 units each); includes clubhouse, pool, dog park, community kitchen, and outdoor recreation spaces; 257 parking spaces
• Status: Under Construction
• Expected Completion: Not publicly specified (site plan approved September 2025; construction permits issued by early 2026)
• Description: Lakefront workforce housing development on a previously undeveloped wooded site zoned for multifamily use since the 1980s/2000s. Provides waterfront amenities in Winter Haven.[1][2]

Project 2: Sebring Motor Garages and Townhomes

• Developer: Bill Klohn
• Location: Sebring area near Rt. 98 and Sebring International Raceway (Sebring Motor Garages community)
• Type: Townhomes / Residential with garages (Mixed-use elements)
• Units/Size: Townhomes (specific total not detailed in updates; 31 units occupied as of early 2026)
• Status: Under Construction
• Expected Completion: Ongoing (sales in process; townhome construction begun)
• Description: Development featuring motor garages and townhomes adjacent to the raceway resort area. Part of broader Sebring resorts-related activity.[3]

Project 3: Madrid Project (36 Homes)

• Developer: Bruce LeDoux (builder Ron Handley)
• Location: Behind Annett Bus, Madrid area, Sebring (Spring Lake Improvement District)
• Type: Residential (Single-family Homes)
• Units/Size: 36 homes
• Status: Pre-construction / Early stages (permit received; infrastructure ongoing)
• Expected Completion: Limited public information available (model home of ~8,000 sq ft planned but construction delayed at least six months as of late 2025)
• Description: Residential subdivision development in the Madrid area lots. Website references available for related Race Villas Sebring project.[3]

Project 4: New Spring Lake Partners Projects (Crown Jewel, Golf View Villas, Highlands, The Farm)

• Developer: New Spring Lake Partners
• Location: Spring Lake Improvement District area, Sebring
• Type: Residential (Villas and related)
• Units/Size: Limited public information available
• Status: Pre-construction (site plans fully entitled by county; civil engineering in process)
• Expected Completion: Limited public information available (cabin project nears completion in updates)
• Description: Multiple entitled residential projects including villas and related developments; land options presented to the board.[3]

Project 5: Floral Plaza (and Townhomes)

• Developer: Balki Bisram
• Location: Spring Lake Improvement District area, Sebring
• Type: Mixed-use / Townhomes / Commercial elements
• Units/Size: Limited public information available
• Status: Pre-construction (site plan design and engineering in process; county approval noted)
• Expected Completion: Limited public information available
• Description: Development plans being finalized with district engineer involvement.[3]

Additional smaller or early-stage mentions (e.g., Raceway Resort and Paddock Shoppes rezoning/site plans; Valencia Project multi-family permitting) exist but have very limited public details on units, timelines, or status as of the latest available updates. Individual new construction homes are listed for sale in Spring Lake Village/Sebring areas, but these do not constitute large-scale announced projects. No other major verifiable new construction projects matching the criteria were identified for Spring Lake, Florida (primarily the Sebring/Winter Haven area served by the Spring Lake Improvement District).