The founder of two national amateur golf tours paid $2.4 million on March 10 for a home on the 12th green of the Lake Nona Golf and Country Club, sold at roughly half its cost by the lead executive of a national golf equipment company.
Located in the 9000 block of Sloane Street, the 7,400-square-foot home includes five bedrooms, seven full baths, travertine and hardwood floors throughout, along with features like a wine cellar, elevator and spiral staircase, game room, wet bar, balcony with long-range views of the golf course, and a summer kitchen and outdoor fireplace by the swimming pool and spa.
The buyers were Mario and Stacey Conte, who relocated to Orlando last week. Mario Conte is founder and executive director of the Hurricane Junior Golf Tour and Hurricane Collegiate Golf Tour based in Jacksonville.
"A main reason we bought in Lake Nona is logistics. I fly a lot for (golf tournaments), so being next to MCO is huge," Conte told GrowthSpotter. "We also just did a deal with Tavistock (developer of Lake Nona), so being close to them is a plus for growing the Junior Golf Tour. They also bought a minority share in our company."
The sellers were Walter R. and Tina Uihlein, parents of professional golfer Peter Uihlein. The couple previously paid $4.3 million in 2008 for the home, then a newly-built custom design by Maroon Fine Homes.
Wally Uihlein is also the president and CEO of Acushnet Holdings Corp., the designer and manufacturer of leading golf brands Titleist and FootJoy.