Finding empty residential lots for sale in Winter Park is difficult, so developer Salman A. Haider found one that wasn't for sale and made a deal to buy it.
Haider Development Corp.'s subsidiary Penn North LLC recently purchased a parcel at 1004 Pennsylvania Ave. from the Elizabeth Morse Genius Foundation for $1.2 million. Originally the parcel, just under an acre, was divided into three lots, but Haider received approval from Winter Park to build four homes on the land before purchasing it.
The sale was unusual for the philanthropic organization, which prefers to lease its properties, a number of which are in Winter Park.
"We don't sell that often," said Richard Strauss, executive vice president and treasurer of the foundation. "But this property wasn't contiguous to anything we own and we didn't have a planned use for it."
Haider plans to build four homes on the lot with a selling price between $1.2 -and $1.35 million each, depending on finishes. The homes will be targeted to high-end empty nesters looking to downsize.
The homes will be built with 3,100 and 3,700 square feet, will have four bedrooms and four and a half baths with almost all the living space downstairs, so the buyers can age in place without having to negotiate stairs. The yards, also will be smaller to require less upkeep.
The architecture style is described as "contemporary Santa Barbara." The architect is Slocum Platts. The builder will be Feely Developments.
While the homes have a Pennsylvania Avenue address and will face that road, access will be from the rear.
Haider plans to build one home first to serve as a model.
The little development will be walking distance from Park Avenue, Hannibal Square and the other restaurants and shops recently opened on 17/92.
"It's the right product at the right location," Haider said.