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Spring Lake Village

Spring Lake Village

Neighborhood in Sebring, Florida

Highlands County 33876

$286,590 Average Value
$186 Average Price per Sq Ft
82 Homes For Sale

A community right by an expansive lake, a famous racetrack and a recently renovated downtown

Off the shores of Lake Istokpoga and within reach of Historic Downtown Sebring is Spring Lake Village’s improvement district, or SLID for short. The community was founded in 1971 as a form of a municipality and continues to self-operate – with water, street maintenance, mowing and recreational facilities. The community is home to Sebring International Golf Resort. The area is also in proximity to one of Sebring’s main attractions, the Sebring International Raceway. “We do a lot of track rentals for affluent folks from the coast – like doctors and lawyers – who want a place to drive their sports cars,” says Elizabeth Compton, a lifelong Sebring resident and the marketing director for the Sebring International Raceway. “But we’re mainly known for 12 Hours of Sebring. It’s globally known; we get visitors from all over the country and over 20 countries.” Compton says the raceway has a multi-generational, 'cult-like' following and has contributed over $600 million back to Sebring's local businesses and community organizations. “Because Spring Lake is so close to the track, short-term rentals are super popular here,” Compton adds. “People recognize that it’s a good way to make money.” Spring Lake Village is not far from both Sebring and Lake Placid, both offering downtown areas experiencing exponential growth since 2020. “Not only are you right by the racetrack, you’ve got downtown nearby,” says Lisa Kneram, a Sebring resident and broker with RE/MAX Realty Plus. “It’s been renovated, so a ton of new shops and restaurants are coming in.” Sebring’s central location makes it two hours from the coast and big cities, a factor that has drawn homebuyers from the busy life of coastal cities.

Founded in 1971 Spring Lake Village is a gem just outside of Sebring.
Founded in 1971 Spring Lake Village is a gem just outside of Sebring.
Sebring International Raceway is the city's main attraction, hosting the annual 12Hrs of Sebring
Sebring International Raceway is the city's main attraction, hosting the annual 12Hrs of Sebring
Off the shores of Lake Istokpoga and within reach of Downtown Sebring is Spring Lake Village.
Off the shores of Lake Istokpoga and within reach of Downtown Sebring is Spring Lake Village.
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A convenient investment opportunity for short-term rentals

There are five Homeowners Associations throughout Spring Lake, all with varying fees and regulations. Creeks and small bodies of water break up bright green lawns in Spring Lake Village. The neighborhood is fixed to the Spring Lake Golf Course, multiple parks, Lake Istokpoga, the Sebring Airport and the Sebring International Raceway. “People should already know what they’re getting into when moving to Spring Lake Village,” Compton says. “You live right next to the airport and a racetrack; there’s going to be noise.” The nearby sounds of engines and take-offs aren’t stopping the area’s continuous growth. “Ever since 2020, our community has exploded, and there were no houses on the market,” Compton adds. Developers have since added new builds, often one-story villas painted in coastal shades of blue and yellow. Most properties offering two to three bedrooms have a price range of $200,000 to $290,000; new construction with three to four bedrooms is priced from $300,000 to roughly $400,000. Vacant plots of land are also available, with prices starting at $16,500 and climbing up to $50,000, depending on acreage. Homebuyers are starting to notice the investment potential of properties located next to the famous raceway. “There are no hotels, and camping spots are hard to come by,” Compton says. “People can make their monthly mortgage in that one week during 12 Hours of Sebring. So, it’s a really great incentive to buy property here.” Companies like Racetrack Rentals partner with homeowners to lease out their homes to fans, drivers and pit crews.

Play a round of golf with friends at the Spring Lake Golf Course in Spring Lake Village.
Play a round of golf with friends at the Spring Lake Golf Course in Spring Lake Village.
2 - 4 Bedroom Villas in Spring Lake Village offer luxury living for those on a budget.
2 - 4 Bedroom Villas in Spring Lake Village offer luxury living for those on a budget.
Spring Lake Village offers vacant lots with a price range of $16,500 and $50,000.
Spring Lake Village offers vacant lots with a price range of $16,500 and $50,000.
Spring Lake Village has become an investors dream with rental properties being a favorite.
Spring Lake Village has become an investors dream with rental properties being a favorite.
New builds in Spring Lake Village see prices between $300,000 to $400,000.
New builds in Spring Lake Village see prices between $300,000 to $400,000.
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Highlands County School District takes advantage of Avon Lake Air Force Range

The Highlands County School District serves Spring Lake Village students. Schools include Fred Wild Elementary School and Sebring Middle School, which share a B-minus grade from Niche. Sebring High School earns a B and offers extracurricular activities, such as band, choir and the Air Force Junior Reserve Officer Training Corps. Highlands County also offers a virtual school program for students interested in earning a diploma outside the classroom.

Sebring High School is a B rated school with over 1,600 studentws
Sebring High School is a B rated school with over 1,600 studentws
Sebring Middle School gets high approval ratings from parents and students in the Sebring area.
Sebring Middle School gets high approval ratings from parents and students in the Sebring area.
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Central Florida's lakes, state and small pocket parks

Most homes are within walking distance of the Spring Lake Golf Course and a few parks. Pine Breeze Park is home to the Spring Lake Community Center, tennis and basketball courts, a playground and shaded pavilions. The Spring Lake Pickleball Club was founded in 2023 after multiple courts were added throughout the neighborhood. “William Gentry Eco-Park is newer; I think it opened in 2017,” Compton says. The park’s 1-mile paved trail loops around a pond, which Compton says is perfect for rollerblading and strollers. The community has also enjoyed the recent addition of the Spring Lake Dog Park, affectionately known as the “Bark Park”. Florida’s first state park is roughly 16 miles north of Spring Lake Village. The 9,000-acre Highlands Hammock State Park was opened four years before the establishment of the Florida State Park System in 1935 and is subsequently listed on the National Register of Historic Places. “It’s truly an anchor in our community,” Compton says. It is home to large oak trees rumored to be over 1,000 years old. Spring Lake Village hugs the expansive Lake Istokpoga, which is one of the state’s largest lakes behind Lake Okeechobee. The waterfront is a popular hub for fishing tournaments and boating, with ramps situated at Istokpoga Park across Highway 98.

The Spring Lake Pickleball Club was founded in 2023 after multiple courts were added to the area
The Spring Lake Pickleball Club was founded in 2023 after multiple courts were added to the area
Spring Lake Village hugs the expansive Lake Istokpoga which is great for Largemouth Bass.
Spring Lake Village hugs the expansive Lake Istokpoga which is great for Largemouth Bass.
New additions to Spring Lake Village include William Gentry Eco-Park wit hits paved paths.
New additions to Spring Lake Village include William Gentry Eco-Park wit hits paved paths.
Pet Owners delight in the large Spring Lake Pet Park located in William Gentry Eco-Park.
Pet Owners delight in the large Spring Lake Pet Park located in William Gentry Eco-Park.
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Sebring is all about shopping local

The Heartland Speakwasy is situated next to the Spring Lake Golf Course. Here, golfers can grab quick American fare bites before or after tee time. Highway 98 jets through the middle of the neighborhood, offering residents both a Dollar General and The Gator Shack – a no-frills diner serving gator tacos and a smoked fish dip. Along US Highway 27 are other options like Cowpoke’s Watering Hole. Gator bites, scallops and salmon can be enjoyed at the restaurant’s outdoor tiki bar and patio. Southgate Shopping Center is 9 miles north, offering Publix Super Market and Winn-Dixie. Supporting small, local businesses is a shared value of Sebring residents, and with a growing list of restaurants, bakeries and boutiques near Circle Park, there are now a variety of options for every shopper. The small shopping center was recently rejuvenated by HGTV’s Hometown Makeover – painting the once-aging storefronts in pastels and adding modern outdoor seating arrangements. "We just got a Chick-fil-A, so we often joke that we're 'Big Town' now," Kneram says. New businesses include the Sebring Soap Company, owned by Chris and Robert Adams. The duo has plans to expand its offerings to include candles and a coastal-themed clothing line.

Golfers can grab quick American fare bites before or after tee time at the Heartland Speakeasy.
Golfers can grab quick American fare bites before or after tee time at the Heartland Speakeasy.
Just outside of Spring Lake Village lies Cowpoke’s Watering Hole a local favorite for food.
Just outside of Spring Lake Village lies Cowpoke’s Watering Hole a local favorite for food.
Resdents of Spring Lake Village flock to their local Publix for fresh produce and groceries.
Resdents of Spring Lake Village flock to their local Publix for fresh produce and groceries.
Dollar General is a great spot for great priced goods in Spring Lake Village.
Dollar General is a great spot for great priced goods in Spring Lake Village.
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Residents race to 12 Hours of Sebring every March

Sebring International Raceway is the city’s main attraction, hosting the annual 12 Hours of Sebring WeatherTech SportsCar Championship since 1952. Compton says the festival-adjacent event can get a little rowdy, but has gradually become more family-friendly. The raceway attracts multi-generational fans and rakes in nearly $600 million of revenue that racetrack staff helps cycle back into local organizations and businesses in Sebring. Lake Placid, which is south of the city, draws crowds to the Caladium Festival every July. Live theater can be enjoyed at the waterfront Highlands Lakeside Theatre and the Alan Jay Wildstein Center for Performing Arts located at South Florida State College.

Sebring International Raceway is home to the 12 hours of Sebring an annual endurance race.
Sebring International Raceway is home to the 12 hours of Sebring an annual endurance race.
Sebring International Raceway is the city's main attraction, hosting the annual 12Hrs of Sebring
Sebring International Raceway is the city's main attraction, hosting the annual 12Hrs of Sebring
Originally built as an airfield for B-17 pilots Sebring still utilizes the old concrete runway.
Originally built as an airfield for B-17 pilots Sebring still utilizes the old concrete runway.
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Getting in and around Spring Lake Village

Most Sebring residents drive a private vehicle as the city does not currently have public transportation. US Highway 27 and an adjacent sidewalk encircle Lake Jackson. The highway gives way to the more rural parts of Sebring, along with several restaurants and nurseries and merges into Highway 98, which runs straight into Spring Lake Village. HCA Florida Highlands Hospital is 8 miles north for immediate healthcare needs. Sebring Airport Authority is situated less than 1 mile from most residences. The regional airport does not provide passenger services, so most commute to Orlando or Tampa International Airports, which are 126 and 122 miles away, respectively. “We’re an hour and a half from everything, including either coast and all the big cities,” Compton says. “But that’s the beauty of Sebring; You’re in a small town just far enough away from everything busy.” Located in the Sebring Downtown Historic District is the Sebring Station, which provides Avon Park, Sebring and Lake Placid with Amtrak services to Miami, Orlando and Tampa.

Highway 27 is one of the main thoroughfares in Spring Lake Village.
Highway 27 is one of the main thoroughfares in Spring Lake Village.
Sebring Airport is situated less than 1 mile from most residences of Spring Lake Village.
Sebring Airport is situated less than 1 mile from most residences of Spring Lake Village.
HCA Florida Highlands Hospital is 8 miles north for immediate healthcare needs.
HCA Florida Highlands Hospital is 8 miles north for immediate healthcare needs.
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The new Storm Water Treatment area at William Gentry Eco-Park offer great protection from flood.
The new Storm Water Treatment area at William Gentry Eco-Park offer great protection from flood.

Important to know

The Improvement District continues to improve, with over $13 million allocated and dedicated to restoration and construction projects, like a new Storm Water Treatment area, an eco-park and dog park. “They have an award-winning water treatment system,” Kneram says. “The water quality they provide is unmatched.”Because of Sebring’s central location, the area is not impacted as heavily as coastal cities like Tampa. Highlands County is considered to be in Flood Zone A and AE.

Corrine Fizer
Written By
Corrine Fizer
Jeffery Palmer
Photography Contributed By
Jeffery Palmer
Gabriel Miller
Video By
Gabriel Miller

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Lisa Kneram PA, an experienced agent in this neighborhood.

Parks in this Area

Crime and Safety

1 - Low Crime, 10 - High Crime Spring Lake Village US
Homicide 3 4
Sexual Assault 2 4
Assault with Weapon 3 4
Robbery 2 4
Burglary 2 4
Motor Vehicle Theft 1 4
Larceny 1 4
Crime Score 2 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$232,500
Median Single Family Price
$232,500
Median Townhouse Price
$1,114,900
Median 2 Bedroom Price
$162,950
Average Price Per Sq Ft
$186
Number of Homes for Sale
82
Last 12 months Home Sales
182
Months of Supply
5.40
Median List Price
$250,000
Median Discount From 1st List Price
5%
Median Home Sale Price YoY Change
3%

Home Facts

Number of Homes in Neighborhood
1,520
Median Year Built
1992
Avg. Single Family Home Size Sq Ft
1,616
Below the national average
1,935
Average Townhouse Size Sq Ft
1,388
Average 2 Bedroom Size Sq Ft
1,303
Median Lot Size Sq Ft
18,295

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Lisa Kneram PA, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
2,972
Median Age
62
Population under 18
13.1%
Below the national average
23.8%
Population over 65
44.6%
Significantly above the national average
19.1%

Finances

Median Household Income
$63,395
Below the national average
$71,702
Average Household Income
$77,886

Education and Workforce

High School Graduates
93.8%
College Graduates
12.6%
Below the national average
34.1%
Advanced Degrees
6.7%
% Population in Labor Force
39.1%
Significantly below the national average
65.1%

Area Factors

Somewhat Bikeable

Bike Score®

26 / 100

Car-Dependent

Walk Score®

6 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Spring Lake Village