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Dykes Everett & Co. broker plans 55-home project for Oviedo

Lukas Landing (flagged in red) would be a residential community containing 55 homes in Oviedo, long E. Red Bug Road.
Lukas Landing (flagged in red) would be a residential community containing 55 homes in Oviedo, long E. Red Bug Road.(Google Maps)

A broker for a real estate development and investment firm headed by Orlando's former city attorney is eying land in Oviedo for a single-family home development.

Raymond Harrison, head of Harrison Realty and property broker for Dykes Everett & Co., has submitted a proposed final development plan to Seminole County planners. Harrison is proposing 55 single-family lots on 14.5 acres at the southeast corner of W. S.R. 426 and E. Red Bug Lake Road, a development called Lukas Landing.

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Dykes Everett was the city of Orlando's counsel from August 2004 to April 2006 under Mayor Buddy Dyer. With an annual salary of $190,000, Everett at the time was the city's highest-paid employee.

Now, through Dykes Everett & Co., he's involved in a variety of real estate pursuits, from providing advice to agribusiness ventures.

The 14.5-acre property property is made up of four largely vacant parcels ranging in size from 0.24 acres to 5.3 acres.

It is becoming increasingly common for small parcels to be assembled in Greater Orlando, as large properties in appealing areas have grown increasingly scarce.

Even in relatively rural areas -- like this one in Oviedo -- land owners either don't want to sell, or those that do don't have big enough properties, sources involved in local development say.

"You increasingly have to put together parcels," said Dan Smith, a lending vice president at Valley National Bank, based in Winter Park. "The big ones aren't available anymore."

Harrison did not respond to requests for comment on Tuesday. Seminole County property appraiser records show he does not own the property, indicating it may be under contract while Harrison goes through the approval process.

Three of the properties — at 1963 W. S.R. 426, 1350 E. Red Bug Road and an unnumbered parcel on W. S.R. 426 — are held in trusts with Sylvia Hardin as the principal. The fourth is a trust for Carole N and Stephen R Mikler, county property records show.

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South of the land lies St. Luke's Lutheran Church and Oviedo Tractor, north of it is a Staples store and a Public Storage, and across the street is Lukas Nursery and Butterfly Encounter, and Master's Academy.

Have a tip about Central Florida development? Contact me at ktalley@growthspotter.com or (407) 420-5176. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

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