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Four-acre estate on East Lake Toho sells for more than $1.7M

A photo of the six-bedroom, roughly 9,330-acre mansion at 21 E. Lake Shore Boulevard.
A photo of the six-bedroom, roughly 9,330-acre mansion at 21 E. Lake Shore Boulevard. (Armel Real Estate)

A nearly four-acre estate next to the Kissimmee Bay Country Club on East Lake Tohopekaliga just sold for about $1.72 million.

According to a deed recorded in Osceola County, the six-bedroom, roughly 9,330-square-foot mansion on East Lake Shore Boulevard was sold to locals Karl and Katia Burdick in an all-cash deal earlier this week.

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The deal breaks down to about $185 per square foot. Andres Gonzalez with Precision Approach Realty brought the buyers. Karl Burdick is the president of automation equipment company Kore Inc., based in Orlando.

Listing agent Deanna Armel told GrowthSpotter the property has garnered a name for itself in the neighborhood. “If you ask anyone in town, they know about [the house],” she said. “It’s the staple of Kissimmee.”

An aerial view of the 3.9-acre property.
An aerial view of the 3.9-acre property. (Armel Real Estate)

Records show the sellers, husband and wife, Raymond and Diane Kirton, bought the property out of bankruptcy in 2014, paying $1.2 million to Centerstate Bank of Florida.

Armel, CEO and founder of the boutique brokerage firm Armel Real Estate, said the original owner built the house in 2006, and designed each room to feel large.

“They wanted big bedrooms for each of their children, which is why each room is about 26-feet by 26-feet,” Armel said. “When you walk in, everything is grand, open and spacious — even the hallways are large.”

The house includes seven full baths and two half-baths. It was designed with a four-car garage, heated pool and spa and covered lanai and outdoor entertaining area with views of Lake East Toho.

Features include a gameroom, media room and a two-story office with a spiral staircase. In addition, the entire property is gated and features a tennis/basketball court and private dock onto the lake.

A photo of the outdoor entertainment space.
A photo of the outdoor entertainment space. (Armel Real Estate)

The sellers listed the property in November with an asking price of about $2.37 million. Prior to the most recent sale, the property had a buyer under contract, but the deal fell through. When property went back on the market, the sellers were no longer living in the house.

“They became very motivated sellers,” Armel said. “People today want to purchase a home with a lifestyle... the location allows the new home owners to become members of the country club, so they can go have dinner or play a round of golf whenever they please.”

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.

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