An Orlando-based developer has submitted plans for a 265-acre residential gated community on Lake Harris in an unincorporated area of Lake County’s Yalaha community near Howey-in-the-Hills.
GPK Holdings has submitted a proposal to the Lake County to change the future land use for the property, called Drake Point Park, from Rural Transition to Planned Unit Development on the east side of County Road 48 north of Bella Vista Drive to the south and west of Lake Harris. The developer also is seeking PUD zoning.
The project, located at 9249 County Rd 48, would consist of 528 homesites with a separate marina, tennis courts, trails, clubhouse and courts for pickleball. The community would have no age restrictions. The development boasts high, rolling topography and 6,100 ft. of vistas to Lake Harris.
The conceptual site plan calls for three lot sizes, including 43 lots on Lake Harris that are 75-feet wide and 150 feet deep — with docks. The bulk of the lots, 440, will be 65 feet wide and 120 feet deep. The southeastern corner of the neighborhood, which abuts a wetland area, will have 45 lots that are 50 feet wide by 120 feet deep.
Other projects on Lake Harris include Whispering Hills, between Buckhill Road and Little Lake Harris, a 156-unit gated community with 20 premium estate properties directly on the lake. Also on the lake is Lakeside Forest, a 134-unit, 119.6-acre development on State Road 19, just north of the city’s Hickory Point Park on Lake Harris.
According to the Drake Point filing, Howey-in-the-Hills, the local water and sewer provider, does not have additional capacity for the development. Drake Point developers plan an offsite sewer facility and an onsite water treatment facility.
The application package also indicates that the development will generate 193 new students in the Lake County school district, but that number is not expected to exceed school service levels.
GPK purchased the property for $9 million from the Cathye J. Bouis Family Trust, the Melanie Hunter life estate and the Wilma M Hunter life estate.
Development costs are projected to be $35 million. Home sales are expected to begin in 2022.
Ben Crosby, managing broker, Rick Gonzalez, associate, and Squire Smith, land professional, of National Land Realty, brokered the sale.
Peter Pensa, of Avid Group, of Palm Harbor, is land planner for the project.
Founded in 2015, GPK Holdings is a real estate company that pursues real estate equity and debt investments. It has completed projects Legacy Park, a 220-unit residential development in Davenport, FL, and the Sunrise Medical Office Building in Clermont, FL.
The development has not yet been scheduled for review by the Planning and Zoning Committee or the Lake County Board of Commissioners.