A new lead executive with Diamond Resorts International moving to Orlando paid $3.5 million last week for a lakefront estate within walking distance of Lake Nona Golf & Country Club.
Located in the 10000 block of Tavistock Road, the 1.5-acre property features a 9,599-square-foot home just east of the golf course's 13th green, with a rear waterfront view and boat house on private Lake Buck.
The Cahill custom home built in 2006 includes five bedrooms and eight baths (five full), 13-foot ceilings, a wine cellar, game room with wet bar, elevator, home theater with an arcade and concession area, billiards room, custom swimming pool with fountain and spa, and a five-car garage with separate golf-cart garage.
The buyers were Kenneth S. and Dina F. Siegel, formerly of Stamford, Connecticut. Kenneth Siegel had previously been chief administrative officer and general counsel of Starwood Hotels & Resorts Worldwide since 2000.
But in December, Siegel was named the new executive vice president, chief administrative officer and general counsel for Las Vegas-based Diamond Resorts. A company spokeswoman confirmed he will be operating out of both Orlando and Las Vegas offices in his new position.
Cathy Williams, team leader of Lake Nona Realty, represented the buyer. She said the Siegels sought out Lake Nona Golf & Country Club in their home search, and "all the club amenities helped seal the deal."
Diamond Resorts manages vacation ownership resorts and sells vacation ownership points to members, with more than 370 managed and affiliate properties and cruise itineraries.
The sellers were James E. Jardon II and Renee A. Jardon,who previously paid $5.35 million in 2006 for the then newly-built home.
James is the founder and chief executive officer of JHT, Inc., an Orlando-based firm that provides training, simulation, technical data management and more to the Department of Defense, government agencies and private clients.
The listing agent was Mick Night of Coldwell Banker Residential Real Estate in Winter Park.