A Sanlando Springs multi-family property, west of Longwood in unincorporated Seminole County, was sold to a Nevada land investor for $26.25 million.
The 234-unit property was bought by Goldelm Altamonte Springs LLC controlled by Roderick J. Hubbard, property records show. Hubbard's address, 7000 Mae Anne Ave. in Reno, is also the address for an apartment complex, Avaina at Tuscany.
Hubbard's LLC bought the property from the Douglaston Gardens Association LLC controlled by real estate investment firm Harbor Group International, of Norfolk, VA.
Harbor Group paid $16.75 million for the property in 2013.
Hubbard could not be reached for comment. Harbor Group's Florida representative did not return calls for comment.
Before Harbor Group bought the property, it sold for $11.44 million in 1999.
Sanlando is so named because it is midway between Orlando and Sanford.
The parcel's address is 1030 Douglas (1000) Ave. The area has a storied history, with the springs at Sanlando Springs having been a longtime draw for residents and visitors.
The natural wonder served as a favorite watering hole, with water that stayed at 74 degrees year-round, with a diving perch and a floating island.