The Orlando Sentinel reported that Lennar Corp. paid $7.35 million for 38 vacant acres bordering a golf resort near Disney World. The home building company bought the former agricultural land from Magnolia Estates LLC for about $193,000 per acre. The Sentinel also reported the land is bordered on three sides by a public golf resort called Orange County National Golf Center.
Located northwest of Disney World, Orange County National Golf Center opened in 1997, spans 911 acres and encompasses a trio of golf courses, a driving range, villas and preserved wetlands. Miami-based Lennar also is building residential developments Storey Grove and SummerLake in the Orlando area. [Orlando Sentinel] – Mike Seemuth