ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
An eight-figure land deal in the small Lake County city of Mascotte is the latest instance of national homebuilders spending big on sites farther from Orlando’s urban core.
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Lake County records show LT Langley LLC paid $10.6 million on Aug. 15 for 465.6 acres — or about $22,725 per acre.
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Florida Division of Corporations records show LT Langley LLC is registered to Scottsdale, Arizona-based homebuilder Taylor Morrison. It also lists Miami-based Lennar Homes LLC as a member, suggesting the two homebuilders collaborated to buy the large site, which includes some lakes and wetlands.
Click here to read the full story on the Orlando Business Journal’s website.
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