Orlando Vacation Realty has the exclusive listing, and broker An Flamand told GrowthSpotter the community has been selling well, especially with her European clients looking for safe U.S. investments. Short-term rental is a permitted use.
"We already have eight under contract and another two contracts out this week," Flamand said. "It's a good location. It's five minutes from Posner Park, it's close to the hospital and it has good access to I-4."
It's also across U.S. 27 from Ridgewood Lakes, a Del Webb active adult golf community.
Flamand said each unit would have ceramic tile wood-look floors, stainless steel appliances and granite counters.
The community is surrounded by orange groves, and Flamand said Marsan may expand it in the future. The neighborhood features a mix of three and four-bedroom units, some with garages, starting at $210,900 and topping out at $257,900. Marsan will build a small pool and clubhouse with a fitness center and business center.
"It's right in the sweet spot for investors in the international market," Flamand said. "They don't like to go above $250,000."
Marsan has been active in the Four Corners area over the last year. In 2016 he started construction on Natures Reserve, a 145-unit subdivision on FDC Grove Road just north of HollyGrove Village.
He received permits in February from the South Florida Water Management District for Fox Run, a vacation home resort at the intersection of U.S. 17-92 and Kinney Harmon Road. That 147-acre community will have 251 units on a mix of lot sizes ranging from 40 feet to 60 feet.
In March, Marsan held a pre-application meeting with Osceola County planners to discuss his plans for a 156-acre gated retirement community on Bella Citta Boulevard, next to ChampionsGate.
Marsan is proposing a total of 671 residential units, divided between apartments and single-family homes. The project, dubbed Terra Vest, would also include a 200-unit assisted living facility and potentially 69,000 square feet of commercial space.