A home that sits between the shores of two water bodies constituted within Orlando’s Butler Chain of Lakes recently sold for $3.6 million.
The approximately 9,300-square-foot home at 9275 Point Cypress Dr. traded hands for about $387 per square foot.
It sits on nearly an acre on a peninsula of land surrounded by lakes Tibet and Sheen. The sellers, George and Dorothy Eouse, bought the property in 1996 for $535,000. Records show the buyers are husband and wife, Robert Sr. and Suzanne Noble.
Robert founded outdoor power equipment distribution company STIHL Southeast (SSE) in 1988. Today, the firm markets and distributes STIHL-branded equipment to more than 700 servicing dealers across Florida, Georgia, Alabama and several islands in the Caribbean.
Like many of the posh neighborhoods surrounding Orlando’s Butler Chain of Lakes, the home fetched a price upwards of $1 million.
Listing agent Michael “Bo” Julian of Julian Properties Inc., told GrowthSpotter homes in the Cypress Point community range from about $1 million to $10 million-plus for estates located at the peninsula tip.
He said the home that recently sold features water views from every room in the house. “In addition the home was built to last as it is solid steel and concrete construction,” Julian said. “Even the trim in many of the rooms is solid marble.”
Notable architectural features include a grand marble fireplace, which took a craftsman about 10 months to build, baccarat crystal chandeliers and a stained glass dome repurposed from New York’s marker restaurant, Maxwell’s Plum.
The community is gated and manned by security 24 hours a day. “Several of Orlando’s prominent names reside there, but the privacy of the community is one of it’s best values,” Julian said.
The home was listed with two previous firms before Julian Properties brought the property to market last year. The company used immersive virtual technology to help show it.
“The technology allows someone to not only virtually walk through the home, but also view the home in a 2D floor plan view to take measurements,” he said.
Earlier this summer, a two-story house, built in 1992 on Lake Butler, sold for $5.25 million. The buyers paid a little more than $650 per square foot for the six-bedroom, 8,050-square-foot home.
Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.