The Crestwood Apartments in St. Cloud quietly changed hands in February for $34.3 million, a price that works out to more than $150,000 per unit. The off-market deal marks a sharp valuation leap for the Osceola County complex and stands out from other recent multifamily sales in the area, giving local landlords and developers one more data point to obsess over.
According to the Orlando Business Journal, the sale price reflects roughly a 575% increase from the property's last recorded sale in 2010. The outlet also reports that the per-unit figure tops $150,000, putting Crestwood among the higher-priced garden-style trades in the market. In covering the deal, the Business Journal drew from county transaction records and broader market data.
Property details and public records
Online listings place Crestwood at 3121 Crestwood Circle in St. Cloud, which matches parcel information in local government databases. Property data for the address appears on consumer real estate platforms such as Redfin, while official deed filings are kept by the Osceola County Clerk's Office. Those public records list the buyer's name and the date the transfer was recorded for anyone willing to dig through the documents.
Where the sale fits in St. Cloud's pipeline
The Orlando Business Journal notes that the Crestwood trade lands, as St. Cloud has nearly 1,000 multifamily units under construction, a building pace that is reshaping the city's supply picture. That active pipeline helps explain why investors are still paying elevated per-unit prices in submarkets around Greater Orlando, even as fresh inventory comes online. Over the next year, absorption and rent trends will show whether recent pricing levels can hold up.
For clues about what happens next at Crestwood, official filings and permit activity will be the key indicators of any planned renovations or unit turnover by the new owner. Residents will be watching for management changes, upgrades, and policy shifts, and weighing how any moves might influence rents and apartment availability in surrounding neighborhoods.
