Adventist Health System, parent company of Florida Hospital, paid $8 million on Thursday for 67 acres east of Lake Nona, of which roughly 12 acres are developable for a future hospital site.
Located at 10999 Narcoossee Road, the 67.24-acre site lies directly east of the intersection with Lake Nona Boulevard, and southeast of the Lake Nona Golf and Country Club.
The property is the last remaining parcel to be sold of 5,766 acres known as the Hart Property, bought in 1992 for $15 million by a trust that included the family of Daryl M. Carter of Maury L. Carter & Associates, and another family.
"That was a tremendous investment for our families," Carter told GrowthSpotter on Friday. He has served as sole trustee, investment advisor and real estate broker for the sales over 24 years of the expansive Hart property, which covered 9 square miles.
"Over time we've sold portions of this that are now home to the Campus Crusade for Christ world headquarters, residential development north of Lake Hart, a Publix-anchored shopping center at Moss Park Road and Narcoossee, 1,400 acres sold for what has become Tavistock's Lake Nona, sites for the Lake Nona high and middle schools, and the Eagle Creek (residential) development, among others."
Lisa Barrett, senior real estate manager for Florida Hospital, declined to comment Friday on plans for the property. No new development plans or filings for the site have been made as of Friday with Orange County.