Local developer plans new luxury home subdivision near Tuscawilla & Oviedo
By Mike Salinero
Sep 08, 2017 at 12:01 PM
Planning is underway for the Estates at Wellington, a new luxury home subdivision in Seminole County just east of the Central Florida Greenway, at the corner of Mikler Road and Token Trail.
Residential developer Jim Mehta said work should begin early next year on the 24-lot development on 36.8 acres. The homes, which could be up to 8,000 square feet in size, will be priced from about $1 million to $1.5 million.
Lots in the subdivision will be sized from 0.5 acres to more than 1 acre, with 5.73 acres devoted to open space. The subdivision will be gated with private roads.
Insight on the lot count, sizes, price points and projected availability in the coming quarters.
By Mike Salinero
Aug 21, 2017 at 1:38 PM
"We will develop it ourselves, then sell the lots to custom home builders," Mehta told GrowthSpotter. "At that sort of price level, it's going to be a lot of custom designs."
Mehta has submitted a site plan and Preliminary Subdivision Plan that will be reviewed by Seminole's Planning and Zoning Board on Oct. 4, said senior planner Matt Davidson. Final engineering plans were submitted to the county last week and staff review comments are due Sept. 20.
County records show the property is owned by Keith and Joyce Schoening, who have a Mikler Road mailing address. Mehta said he has an agreement with the Schoenings to buy the land, but declined to disclose the price. The sale should go through once he has county approvals for the development, he said.
Mehta described the development as being near Meritage's upscale planned community Tuscawilla Estates in Oviedo.
"Seminole County has the best schools in the area," he said. "Tuscawilla and Oviedo are very desirable locations for housing. There are already existing houses in that area that are 6,000 to 7,000 square feet."