The former lead executive of a global sausage supply company paid $3.9 million on Wednesday for a vacant lakeside lot in the Isleworth Country Club area of Windermere.
The lot, which curls around the Lake Blanche shoreline, is listed in public records as 8.9 acres, but likely has one to two acres of developable area with the balance falling over water.
The property, with an address on Vardon Drive, also borders the third green of the Isleworth Country Club golf course.
The buyer was Launa R. Stayer-Maloney, who served as vice chairman and secretary-treasurer for Wisconsin-based Johnsonville Sausage Co. for 30 years. The seller was Seminole Investors, an affiliate of PRN Real Estate Investments Ltd., a company managed by local custom homebuilder, developer and property investor Nancy Rossman.
Stayer-Maloney and her brother, Ralph C. Stayer, inherited Johnsonville Sausage from their parents, Ralph F. and Alice Stayer. The couple founded the business in a butcher shop in Johnsonville, Wisconsin, in 1945. Now it's based in Sheboygan Falls, and listed by Forbes magazine as the largest sausage producer and supplier in the United States with a global sales outreach.
The newly-acquired property lies in unincorporated Orange County, and has had no new construction plans filed as of this week.
A longtime resident of Sheboygan Falls, Stayer-Maloney also claims homestead exemption locally for a 11,871-square-foot home in Windermere on Isleworth Country Club Drive, for which she paid $9 million in 2008 through a trust.
Stayer-Maloney, a member of the Meat Industry Hall of Fame, is credited with leading the company's national sales force and developing "customer brands" or private labels to fully utilize Johnsonville's resources. She pushed to open U.S. and global markets outside Wisconsin for the brand.
Stayer-Maloney also served on the board of trustees for Mount Mary College as head of their marketing development committee, and is currently on the board of trustees for The King's College in New York City. She also worked to develop Spaceport Sheboygan to encourage children to pursue education and employment in science, technology and mathematics.