The CEO of Osceola County's smart sensor consortium BRIDG paid more than $2.4 million last week for a three-story custom home on the Butler Chain of Lakes near Keene's Pointe, buying from one of China's most wealthy business families.
Located on Trout Road in Cypress Isle with frontage on Lake Sheen, the 2-acre lot features a private gated entrance, detached guesthouse, boat dock, large stone-covered gas fire pit, outdoor summer kitchen with wraparound deck, and a second-story swimming pool and spa with an 80-inch TV cabinet.
The buyer was Chester N. Kennedy, an engineer and former Lockheed Martin executive with more than 35 years in the aerospace and commercial electronics industries. He was named the CEO of the International Consortium of Advanced Manufacturing Research (ICAMR) in 2015, which had its name changed to BRIDG this past January.
The sale closed Oct. 26 and was recorded Monday in Orange County.
"Chester's home purchase is an indication of his commitment to the area and confidence in the growing high tech economy across the Central Florida region," he told GrowthSpotter on Monday evening, through a BRIDG spokeswoman.
Built in 2014, the Carolina coastal-theme home by Glen Robert Custom Homes has 6,234 square feet of conditioned area, with six bedrooms, five-and-a-half baths, retractable screens and shades, a house-wide pest misting system and custom audio system, elevator, dual laundry rooms, and docking stations for mobile electronics.
The home was sold mostly furnished with electronic systems and furniture, not all of which was accounted for in the deed's implied sale price.
The sellers with Ning Li and Linlin Tan, who previously paid $2.275 million in January 2015. The couple and their family own more than 100 auto dealerships in China and one of that country's largest real estate companies, according to John Gordon of Premier Sotheby's International Realty, listing agent on the property.
Li and Tan are preparing to build a new 10,000-square-foot custom home in Isleworth, he added.
This is the third time that Gordon has been hired to sell this home and property in the past five years.
It went for $290,000 in February 2013 as a short sale with a dilapidated two-frame home. Gary Turchin, a producer of TV commercials and owner of GoConvergence Film & Television, bought it with plans to build a new personal custom home through brother Glen Turchin Sr. of Glen Robert Custom Homes.
During design and construction of the home, Gary Turchin shifted gears and focused on moving to Winter Park, Gordon said. That led the Turchin brothers to sell it to Li and Tan shortly after completion.
The new owner, Kennedy of BRIDG, has hired Gordon to soon list his current home of 4,800 square feet on Lake Roberts Court in Windermere.