A New Jersey business and real estate consultant paid $950,000 for 34.4 acres of Lake Wales citrus land with plans for a single-family residential development.
Bob Chalfin, CEO of of The Chalfin Group, bought the property along Belleview Drive under an affiliated company.
The three parcel assemblage runs in a jagged pattern west of Florida Midland Railroad tracks and has been used for citrus groves. Vero Beach-based San Juan Citrus, LLC sold the property and was represented by Matt McDonald, founding broker of Jamison Properties.
Winter Haven native Chris Adams, vice president of NAI Realvest, represented the buyer. He told GrowthSpotter the owner wants to develop a medium-density single-family community but that plans are in preliminary stages.
Lake Wales planners had a pre-application meeting with developers last week but no plans have been submitted.
Lake Wales has been attracting residential development almost exclusively, City Manager James Slaton previously told GrowthSpotter.
A second reading/adoption of Plan Amendment and rezoning is tentatively scheduled for June 1st what is known as the Bundy property for 147 single-family units on 30 acres. The land, located south of Brookshire Subdivision and east of Scenic Highway, is owned by CL Bundy & Son Inc.
Leoma’s Landing, another planned unit development, is a 94-acre master development on the north side of Chalet Suzanne Road with initial approval for 281 single-family homes. The project by Lakeland’s JSK Consulting recently received approval for an additional 54 units.
“Everything is kind of hot right now,” Adams said. “I think just Highway 60, there is a lot of development. There’s a lot of construction, a lot of moving parts. I think people just want to get involved.”