There will be a new guard gated subdivision to be built along the shores of the famed Lake Butler called Waterstone. It will be located in Windermere off Winter Garden-Vineland Rd. and adjacent to Windermere Preparatory School. No information on pricing is available yet but with the builders involved in this project such as C.J. Unerstall, Derrick Builders, J. Richard Watson Company, Jones-Clayton Construction, N.W. Harris Construction Company, Stonebridge Homes, and Williams P. Campbell Custom Homes, my guess is that pricing will probably start at around $1,500,000.
So far the land has been cleared and construction of the roadways have started. It certainly sounds like an interesting project but I’m skeptical after witnessing the slow pace of construction at nearby Lake Davis Reserve which has completed just a handful of homes in the 3 years its been in development. Hopefully this community will built out some spec homes to get things going as they are doing in Bellaria and Lake Burden.