October 25, 2015
CBD Real Estate Investment LLC of Celebration Florida has entered into an agreement of sale to purchase a former 30 acre orange grove located off of Scenic Highway and Race Road in Dundee, Polk County, Florida. Here CBD plans to develop 105 single family detached home sites in a community to be named “Valencia Ranch at Dundee.”
The property was approved back in 2005 for a planned extension of the fist two phases of the existing “Vista Del Largo” project. The thirty acres is currently approved for 70 townhomes and 57 single family lots. CBD plans to amend the existing townhome approval for an additional 48 single lots.
The land is being purchased from AG Investments of Lakeland Florida for $298,000 in an all cash transaction. Closing is set for late December 2015.