Land Advisors Organization’s Orlando Team Closes on 153 Acres in Mount Dora for $9 Million to Forestar
Orlando, Florida (September 3, 2020) – Land Advisors Organization Orlando is pleased to announce the closing of sale of 153 acres in Mount Dora, Florida for nearly $9M. The property is planning to bring 367 new single-family homes to the Timberland community, which will be built by D. R. Horton.
Land Advisors Organization’s Orlando home builder team Steve Flanagan and Mike Ripley, acting as a transaction broker, arranged the sale on behalf of the buyer, Tampa-based Forestar (USA) Real Estate Group Inc.
“The buyer plans to start immediate site development on Timberwalk, a 367-home residential community whose exclusive builder will be D.R. Horton,” said Land Advisors Organization’s Steve Flanagan. “Bordering the Mount Dora’s Innovation District, this is an exciting addition to the area and will continue to aid in the residential growth with much-needed single-family homes.”
The property is located at the southwest corner of Wolf Branch Road and Round Lake Road adjacent to Round Lake Elementary School and is ideally located just minutes from the SR 46 interchange with SR 453, a newly completed segment of Orlando’s Beltway that connects to Interstate 4 in Maitland and, in 2022, will connect to Interstate 4 in Lake Mary. Timberwalk will provide residents with amenities including ample open space, a pool, walking trails, a multi-use ball field, and community RV and boat storage.
Steve Flanagan and Mike Ripley specialize in the acquisition and sale of large-scale land assets ranging from subdivisions to master-planned residential and mixed-use developments throughout Orlando and neighboring cities. The firm continues to advise clients on this product type and is working on several similar projects in the area.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Tampa, and Jacksonville, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIN.
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Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965