NAI Realvest Closes on Sale of Residential Land for Deer Run Estates in St. Cloud
Saint Cloud, Fla. – NAI Realvest, an Orlando-based real estate industry leader with a global footprint, has closed on the $1,050,000 sale of 31 acres of residential land at 4140 Hickory Tree Rd. in Saint Cloud.
Veronica Malolos Broker at NAI Realvest negotiated the sale on behalf of the sellers, Mony Nhim, Steven Nhim, Dara Chay, and Sokhim La of Buena Park, Calif.
Prominent Windermere developer Frank Cawthon, d/b/a FHC2, LLC is the buyer who owns the adjacent land with a master plan that combines both properties for a 55-acre community with 165 lots for single-family homes.
Malolos said Deer Run Estates is the buyer’s 10th project in the Narcoossee corridor and with the new development Deer Run Road is slated to become a major east-west connector between Canoe Creek and Narcoossee Roads.