Hill Grey Seven’s luxury townhome project in Winter Park sells out for more than $31M

Oviedo-based Hill Gray Seven just sold its final townhome within its 10-unit luxury Park Hill residential development in Winter Park.

According to a deed recently recorded in Orange County, Lore Bledsoe, the widow of Ormond Beach developer Ronnie Bledsoe, purchased the final unit for a little more than $2.27 million.

She joins the likes of other business owners and power player equestrians, like racehorse owner Nena Moss and Faro Technologies CEO Michael D. Burger, who each purchased separate units last year for more than $3 million.

The townhomes sit on the southwest corner of Whipple Avenue and Park Avenue. In total, the project collected about $31 million in sales.

Park Hill is made up of 10 three-story townhomes that range between 3,300 square feet to 4,300 square feet. Each unit consists of three bedrooms and three full baths.

Features include an elevator, soundproof floors, an outdoor kitchen, rooftop terrace, two-car garage, and gourmet kitchens complete with smart home technology and other high-end finishes.

Development of the project began in 2016 with the first homes going under contract about a year later. By the end of 2018 five of the townhomes had sold.

The highest recorded price for a townhome transacted at $3.7 million. Records show husband and wife, Roger and Sabrina Marks, bought the townhome. Roger Marks is the owner of Legacy Financial Group in Maitland.

“I saw a unique opportunity in a unique location for or wealthy buyers who want to downsize from 10,000 square foot homes to something that’s still very large, but has all the standards that they’re used to,” owner of Hill Grey Seven, Drew Hill, previously told GrowthSpotter.

Slocum Platts Architects of Maitland is the project’s architect.

Adjacent to the property, Winter Park developer Condev is drawing up plans for a luxury residential community with either 16 townhomes or 10 single-family homes.

Meanwhile, Hill Gray Seven remains active in Winter Park. In the city’s 17-92 commercial corridor, the firm is planning to turn the old Ranch Mall along Orlando Avenue into with a new luxury shopping and dining destination.

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.