- November 23, 2024
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Tucked behind all the activity at Bay Hill sits a quiet parcel of land, 17.51 acres of it.
The land borders the east side of Lake Tibet-Butler.
“It’s western exposure, so you get gorgeous sunsets,” said Julie Bettosini, co-founder and luxury property adviser at Stockworth Realty Group.
It’s the last large piece of developable land available on the Butler Chain of Lakes.
The property, listed by Stockworth Realty Group, is known as the Hubbard Estate. It is listed at $18 million for a 17.51-acre piece of land. Although there are two homes on the property, it is mostly filled with trees, an operational orange grove and flora such as camellias and azaleas.
The parcel is guarded behind two gates, leading to a secluded piece of property. Because it is located in Bay Hill, residents have quick access to the theme parks, downtown Orlando and the rest of the Bay Hill community.
“You have the best of privacy and seclusion, and really the best of Central Florida, and yet you’re minutes from all of the things that make Central Florida fabulous,” said Mark Hayes, the president of Stockworth Realty Group.
The parcel is adjacent to another called the Masters, 5.69 acres listed at $11.5 million. The Masters, which includes 10,000 square feet of a boardwalk, is being marketed with the Hubbard Estate.
WHO IS THE BUYER?
“The buyer is somebody who would build an amazing retreat; their final home.” Hayes said. “An entrepreneur who respects the land. We hope the person (who) buys this land might even keep part of the orange grove going and build an amazing estate — and really keep this land as a crown jewel of the Chain of Lakes.”
There currently are two homes on the property, and a potential buyer could relocate one of the homes to the peninsula of the property or replace the homes with a larger one.
“What the owner is not interested in doing, and what nobody really wants to see happen, is taking what is really, clearly the last best developable parcel on the Windermere Chain of Lakes, and putting a bunch of townhomes, putting lots of people there,” Hayes said.
The parcel is ideal for a trend Stockworth Realty Group has noticed among luxury buyers. People are seeking property where they have enough land to build additional homes for multiple generations to live in close proximity.
Contact Jennifer Nesslar at [email protected].
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