August 14, 2022

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NAI Realvest Handles Sale of Land for New Improvement

Jon D. Partitions, RLA, MiCP, NAI Realvest’s Improvement Companies Director and Gross sales Affiliate, represented the vendor, Indigo Groveland, LLC, a German banking establishment, within the sale of a 158-acre lakefront property situated on Villa Metropolis Street, in Groveland, Florida.  The property was beforehand the location of a luxurious house recognized regionally because the Groveland Mansion, an 18,000 sq. foot house in-built 1997.  The mansion was demolished in 2018 to permit for the sale and redevelopment of the property.  The 158-acre property bought for $3,500,000.

The consumers, Sovereign Land Co., and Loma Land, put the property below contract and designed a grasp plan based mostly upon the brand new Groveland Village Land Use, which is a mixed-use zoning with quite a lot of housing sorts and industrial use.   The brand new neighborhood, Cypress Bluff, can be constructed out by a nationwide house builder. The grasp planners for the brand new neighborhood have been Stringfellow Planning of Orlando.

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