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Notable Home Sales

Head of local CRE investment group pays $1.4M for new Belle Isle lakefront home

The head of a local commercial real estate investment group paid $1.4 million on Friday to upsize his family's home on Lake Conway in Belle Isle by more than 6,000 square feet.

Located on Conway Isle Circle, the 14-year-old, two-story custom home is located in the gated neighborhood of Highlands of Lake Conway, along the Conway Chain of Lakes.

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The home features four bedrooms and three baths with 8,325 square feet of conditioned area, an elevator between floors, grand living room with french doors that open to a custom swimming pool overlooking the lake, summer kitchen and boathouse, billiard room, full in-law suite, and a master suite with a reading/exercise room, private fireplace and expansive closet with personal dry cleaning equipment.

The buyers were Raul and Jennifer Socarras. Raul is chief executive officer of Upshot Capital Advisors, which bought a Downtown Orlando office building in December through one of its funds, and is investing in a 28-acre development in Kissimmee's E192 tech corridor.

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"This was a newer home in a gated neighborhood we really liked, and we were looking to grow our home's size a bit, so all of that helped the house fit a lot of our needs," Raul told GrowthSpotter on Monday.

The Socarras couple will now list their existin