The Mormon Church Purchases ±4,200 Acres for $9.9 Million in the Harmony Master Planned Community

FOR IMMEDIATE RELEASE

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Stacy Bayless, Director of Marketing & Communications
Land Advisors Organization
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sbayless@landadvisors.com

The Mormon Church Purchases ±4,200 Acres for $9.9 Million in the Harmony Master Planned Community

Orlando, FL (November 16, 2017) – Land Advisors Organization Orlando team of Steve Flanagan and Mike Ripley represented the Seller, Harmony Florida Land LLC in the transaction of approximately 4,200 acres in Osceola County, FL to The Mormon Church’s Farmland Reserve, Inc. for $9,905,520 on November 9, 2017.

The sale parcel abuts the Deseret Ranch, and is the eastern portion of the Harmony master planned development which was purchased by Harmony Florida Land LLC on September 27^th from Birchwood Acres Limited Partnership LLC. Both transactions were represented by Land Advisors Organization and occurred less than two months apart. Sun Terra Communities paid $24 million for the 11,000-acre community.

The neo-traditional community Harmony was established in 2003 as one of Florida’s first environmentally friendly master plans. Harmony incorporates spring-fed and pristine 430-acre Cat Lake and 511-acre Buck Lake; is entitled for 7,200 residential units, 350,000 square feet of commercial, 500,000 square feet of office, 1 million square feet of industrial, and touts a 260 acre, 18-hole championship golf course. The master plan contains 900 sold single family and townhomes with over 2,000 residents in addition to completed developments of 14,000+ square feet of retail, Harmony Community School K-8 and Harmony High School, gas/convenience store, TOHO Utility facility, Harmony Golf Preserve, 2 swim centers, and established parks and trails.

Harmony is located on the north side of US 192 in unincorporated Osceola County adjacent to the City of St. Cloud, Florida 38 miles southeast of the Orlando central business district and a 20 minute drive from Medical City, a health and life sciences park anchored by the Sanford Burnham Medical Research Institute; Nemours Children’s Hospital, the Veterans Administration Medical Center, the UCF Medical School, the University of Florida Academic and Research Center and the Orlando International Airport within a 25 minute drive.

For more information regarding the Orlando market and specifically this notable transaction, contact Steve Flanagan at sflanagan@landadvisors.com or Mike Ripley at mripley@landadvisors.com.

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