A veteran real estate developer and his wife, known for their local philanthropy, paid more than $3.65 million on Wednesday for a luxury home redevelopment opportunity on the Winter Park Chain of Lakes.
Located in the 900 block of Palmer Avenue, the property's 1.8 upland acres feature 231 feet of shoreline on Lake Osceola and views of Rollins College across the water.
The property is anchored by a two-story, five-bedroom French Provincial home of 4,259 square feet dating to 1914, and a guest house of 1,260 square feet built in 1935. A tennis court and boat dock were sole amenities, and the property was sold in as-is condition.
The buyers were Marc and Sharon Hagle. Marc is the president and CEO of Maitland-based Tricor International Corp., a commercial and residential developer with more than 30 years and projects in 15 states.
Sharon is on the board of directors for the One Pulse Foundation and is founder of local non-profit Spacekids Global, among other philanthropic efforts. The couple did not respond to requests for comment on Thursday.
The Hagles drew media attention in 2010 when they were among the first to pay $200,000 for seats on a future space flight with Virgin Atlantic's VSS Enterprise.
The seller was David C. Strong, successor trustee of the Margaret C. Strong Trust, which its namesake paid $175,200 for the property in 1974. The home was listed by A.V. Blalock and daughter Laura Koehn of Coldwell Banker Residential Real Estate in Winter Park.
The Hagles already have a high-profile home in the 1200 block of N. Park Avenue. The 12,475-square-foot Mediterranean palace was designed by Mark Nasrallah and built in 2003, with six bedrooms, seven baths and a media room with a 12-foot projection screen, fireplace and full bar that was featured on ABC's Good Morning America in 2007.
That home was last listed for sale in 2010 at $20 million on Orlando's MLS, and is not currently being marketed for sale.