GT USA pays $165 million for Wellness Way land minutes from Disney | GrowthSpotter

By Laura Kinsler | lkinsler@growthspotter.com | GrowthSpotter | UPDATED: September 28, 2024 at 10:53 a.m.

GT USA  paid a staggering $165 million Friday for nearly 2,500 acres of undeveloped land in Lake County’s Wellness Way area, breaking the county’s previous sale record that was set just three months ago.

The  American division of Canadian homebuilder GT Homes bought the swath of land stretching from U.S. 27 to the Orange County line. It includes the Arnold Groves & Ranch (1,750 acres) and adjacent Roper property (730 acres), which the company plans to combine into a single master-planned community called Panther Run.

The sale nearly doubles the $90 million price Pulte paid to GT USA in July for the 840-acre Schofield property just up the road.

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Daryl Carter and Conrad Carter with Maury L. Carter & Associates represented both sellers in the transaction. “It’s a smokin’ piece of real estate,” Daryl Carter told GrowthSpotter when he listed the Arnold property last November.

Carter said the land had been the Arnold family for over 60 years and in the Roper family for almost 100 years. “It has been said by others that the property is one of the best land development opportunities in central Florida and perhaps the entire State of Florida,” he said.

Read the entire article here: https://www.growthspotter.com/2024/09/27/gt-usa-pays-165-million-for-wellness-way-land-minutes-from-disney/