The 2028 Nolte Road interchange is already moving values
If you live in 32827, 34771, or anywhere along the Narcoossee-Sunbridge corridor, here is the question you should actually be asking: what happens to home values when a brand-new Florida Turnpike interchange opens at Nolte Road in 2028?
The answer is unfolding right now, two and a half years early. This week brought a cluster of data points that, taken together, tell you the smart money already knows what’s coming and is positioning today.
Spring Market Numbers
The Orlando metro-wide picture: active inventory at 7,412 homes. Median home value, Orlando-Kissimmee-Sanford metro: $385,991, down 3.7% year-over-year per Zillow. Average days to pending: 42 days. 30-year fixed mortgage rate hovering between 6.0% and 6.5%.
ORRA data shows the metro-wide median single-family sale price hit $416,000 in March, with 1,863 single-family homes sold, up 26.2% from February. Inventory rose just 0.3% month-over-month while sales jumped 25%. Months of supply collapsed from 6.34 in February to 5.09 in March. A balanced market is six months. We are back below balanced.
The Nolte Road Interchange
A brand-new full interchange on Florida’s Turnpike at West Nolte Road is scheduled to open in 2028. It will include a diverging diamond design and tie directly into the widening of the Turnpike to four lanes. That single piece of infrastructure is the linchpin for three separate megaprojects already in motion.
NeoCity South: Osceola County purchased a 323-acre site for $17.3 million from D.R. Horton and is moving it forward as the second NeoCity tech park campus. South Korea-based ELSPES is in negotiations for a global headquarters and manufacturing facility nearby, a $370 million investment with Phase 1 bringing 100 jobs at average salaries of $85,000 by 2026 and 200 more by 2028.
Heritage at Crossprairie: WMG Development has firmed up a late-2026 groundbreaking starting with the Nolte Road and Cross Prairie Parkway extensions. The completed urban center includes up to 1,200 residential units, 600 hotel rooms, 200,000 square feet of medical space, and 2.7 million square feet of commercial and office. A tri-party agreement between BTI Partners, Osceola County, and the City of Saint Cloud is funding $261 million in critical transportation infrastructure, nearly 12 miles of new roadway and more than 160 acres of right-of-way. That money is committed.
The Ferber Company filed construction plans for a 40-acre, roughly 250,000 square foot retail power center on E. Irlo Bronson Memorial Highway, one block east of Narcoossee. The anchor is laid out as a 187,400 square foot store with a drive-thru pharmacy and 20-pump fueling station. The developer has not officially confirmed the tenant.
AdventHealth Lake Nona
The AdventHealth Lake Nona hospital is under construction at 10999 Narcoossee Road. The $423 million, 10-story facility opens in November 2026 with 600 physicians, nurses, and support staff at launch. The medical office building opens in October. Services span cardiology, orthopedics, labor and delivery, urology, gastroenterology, cancer care, bariatrics, and neurology. The hospital opens with 80 beds and has shell space to expand to 320.
Chad Vaughan is a licensed real estate agent with Real Broker, LLC in Central Florida. FL SL3426589. This report reflects market observation and sourced reporting as of April 23, 2026. Market data sourced from ORRA and Zillow. Development data sourced from GrowthSpotter and Osceola County public records. Market conditions change. Verify all details before making purchasing decisions.
