Details
Fisher Auction Company and Colliers are pleased to present via a Live Zoom Auction the opportunity to acquire the fee-simple interest in the 1,432.25± acre Master-Planned Mixed-Use Community Bellaviva at Whispering Hills (“Whispering Hills”) located in the Orlando MSA along US 27 in Leesburg, Florida. The Seller is a debtor-in-possession in a pending Chapter 11 Bankruptcy Case (Case No. 6:25-bk-06655-GER) before the United States Bankruptcy Court for the Middle District of Florida, Orlando Division (“Court”).
Whispering Hills has been approved as a Planned Unit Development (PUD) zoning district to allow construction of a mixed-use development consisting of up to 2,942 total residential units on a total of approximately 1,088 upland acres, with approximately 44 acres of commercial development, approved for approximately 451,000 square feet of buildings. The PUD was granted July 22, 2021 by the City of Leesburg Planning Commission in Lake County, Florida. The latest site plan proposed a mixed-use development featuring 2,174 dwelling units and 28.8 acres of commercial space in three phases and a future phase to follow.
Lake County is rapidly establishing itself as a premier residential destination in Central Florida, delivering population and housing growth that exceeds the Orlando MSA, Florida, and national benchmarks. The market’s momentum is fueled by strong in-migration from higher-cost regions, as buyers seek attainable homeownership, and a more balanced quality of life without sacrificing proximity to employment centers. Well-planned residential development has expanded housing options at compelling price points, while a strengthening tax base continues to support investments in infrastructure, schools, parks, and public amenities in the county. Growth along major corridors such as U.S. Highway 27 provides efficient regional access while allowing communities to retain a suburban, open-space character. Collectively, Lake County’s lifestyle advantages, relative affordability, and managed growth create a high-value residential, commercial and industrial market supported by enduring long-term demand.
