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Lakefront home in the heart of Windermere’s town center sells for $2.5M

A photo of the two-story, four-bedroom home along Main Street in Windermere.
A photo of the two-story, four-bedroom home along Main Street in Windermere.(Vintage Realty Group)

A recently remodeled home with a covered air-conditioned boathouse in Windermere just traded hands for $2.5 million.

Husband and wife Scott and Amy Cadwell are the sellers, according to a deed recorded Thursday in Orange County. Scott is the CEO and founder of a Windermere-based financial planning firm Cadwell Wealth, where Amy also serves as a director.

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The roughly 6,170-square-foot lakefront house at 904 Main St. sold for about $405 per square foot.

The deal takes place about three years after the family initially invested in the home, paying $1.7 million for the property in late 2016. Last month, it hit the market with listing agent Darrell Nunnelley of Vintage Realty Group asking about $2.7 million.

Nunnelley said the listing presented a rare opportunity to own a lake-front house with newly updated plumbing and electrical utilities in Windermere’s town center.

An aerial view of the house in Windermere that features a boathouse and views of Lake Butler.
An aerial view of the house in Windermere that features a boathouse and views of Lake Butler.(Vintage Realty Group)

“There’s probably less than 100 true lakefront options that are remodeled and move-in ready,” he said. “Most of those houses were built in the 50′s and 60′s when Windermere was known as a fishing cabin community for second home buyers.”

The two-story, four-bedroom home that sold was built in 1946 and extensively renovated in 2009. In addition to that, the Cadwells modernized the home with all new appliances prior to selling.

Notable features include a six-person, wood panel elevator with marble flooring, a fireplace in the master suite and media room with stadium seating and popcorn machine.

But the winning amenity that helped close the deal was the home’s boathouse, the buyer, Adam Plotkin told GrowthSpotter.

“It’s rare to own a boathouse, he said. “Even Shaquille O’Neal’s house doesn’t have one.”

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Plotkin will be moving from Winter Garden and the Windermere house will be his main residence. He is the president and founder of the National Organization of Professional Athletes and Celebrities.

Waypoint Real Estate Group’s Jimmy Tate represented Plotkin in the transaction.

“It’s a great place where I can see my teenage son on a boat,” Plotkin said.

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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