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NAI Realvest Charles Wayne Commercial Closes on $1.14 Million Sale of 44 Residential Lots in Lake He

Lake Helen, Fla. – NAI Realvest Charles Wayne Commercial, a local real estate industry leader with a global footprint, has closed on the $1,144,000.00 sale by D.R. Horton Inc. of 44 estate-size homesites in the Woods of Lake Helen in West Volusia County.

Steve Costa, Associate at NAI Realvest Charles Wayne Commercial, negotiated the transaction on behalf of the seller. Costa worked closely with the City of Lake Helen and its Historical Board to ensure the buyer would be a good fit for the City’s architectural gateway standards that maintain an Old Florida feel.

Melbourne-based Vintage Estate Homes, the buyer who plans to build single-family homes in a variety of architectural styles on the finished lots, is building similar homes at Oakland Park in Winter Garden, Fla.

“The City of Lake Helen became convinced about the quality of Vintage Estate Homes’ designs, and they are now enthusiastic about seeing the subdivision move forward,” said Costa.

Vintage Estate Homes will be completing and opening models in the spring-summer of 2019 at the Woods of Lake Helen located off Main Street in the rural town southeast of DeLand.

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About NAI Realvest

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

About Charles Wayne Properties

Charles Wayne Properties has also served the needs of the real estate community since 1978. It has developed and managed shopping centers, freestanding retail, office buildings and industrial parks. CWP has worked with local and national clients in capacities including brokerage, development, investment sales, health care practice sales, tenant representation, property management and receivership. To learn more please visit www.charleswayne.com.

 

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