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Lake Hart Tract Near Hot Development Pocket Sold for 20 Cents Per SF

ORLANDO-The 5,200-acre, eight-year-old Carter Land Trust is down to its last 300 acres in southeast Orange County. Eagle Creek Development Corp. picked up the last large tract, 1,209 acres, for $10.28 million cash or $8,505 per acre (20 cents per sf).

By Alex Finkelstein | Updated on December 05, 2000

ORLANDO-Eagle Creek Development Corp. has purchased the last large piece of dirt from Carter Land Trust’s once 5,200-acre holdings in development-intense southeast Orange County. The trust is down to 300 acres zoned for commercial, multifamily and industrial at the southeast corner of Narcoossee and Moss Park Roads.

Eagle Creek paid $10.28 million cash or $8,505 per acre (20 cents per sf) for the tract on Narcoossee Road, south of Tyson Road. Maury L. Carter, chairman of Maury L. Carter & Associates, will continue in a consulting/advisory role to the buyer. Daryl M. Carter of Maury L. Carter & Associates negotiated for the seller. Jim Mehta of A.J. Mehta Corp. represented the buyer.

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