Damien Madsen and Josh Smith of Harbert Realty Services’ Winter Park, Florida office represented the Sellers in the record breaking $3,450,000 sale of 1449/1450 Lee Road and 933 Lewis Drive, Winter Park, FL. This property is a 0.73± acres redevelopment site and has been owned by the same family for nearly 60 years. The sales price represents $110 PSF for the land which is an all-time record high for property zoned C-2 in Winter Park. The property is located along Lee Road and adjacent to the hugely successful mixed-use development — Ravaudage.
Harbert’s Damien Madsen stated, “At a time where we are experiencing a higher interest rate environment as well as a higher inflationary market this transaction demonstrates the confidence the market has in the City of Winter Park. These deals are not easy….and we were pleased to get this transaction closed for our client.”