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An aerial view showing part of the 9.7-acre country estate property recently bought by local developer Beat Kahli and his family.
An aerial view showing part of the 9.7-acre country estate property recently bought by local developer Beat Kahli and his family. (RE/Max Town & Country Realty)

The president and CEO of local developer Avalon Park Group paid $750,000 on Friday for a nearly 10-acre estate in northern Orange County, where he plans to house horses to enjoy on the weekend with family.

Located in the 10000 block of McCulloch Road, the 9.7-acre property includes a 38-year-old estate home with 6,549 square feet of conditioned area. The large property is fenced with a pool, horse barn with five stalls, and a tennis court.

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The custom home includes an elevator, expansive Florida room, indoor jacuzzi, and storage space for a motor home, boat or other vehicles.

Learn what market factors are prompting Beat Kahli to invest a projected $230 million in developing 155 lakefront acres in Tavares as a planned community.

The buyers were Beat Kahli and wife Jill Kahli. Beat told GrowthSpotter on Monday the couple live in Winter Park with their four children, but wanted a larger property to enjoy on the weekend with space to enjoy horses.

The Kahlis own a 7,568-square-foot home on Genius Drive in Winter Park that will remain their primary home, for which they paid $3.575 million in 2006.

The seller of the 9.7-acre property was Ann S. Tuttle, who paid $38,000 in 1977 for it with husband L. Mills Tuttle.

The property was listed by RE/Max Town & Country Realty.

Have a tip about Central Florida development? Contact me at bmoser@growthspotter.com, (407) 420-5685 or @bobmoser333. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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