Harbert Realty Services is pleased to announce the $5.7 million sale of 550 W Morse Blvd, a premier redevelopment site located in the heart of downtown Winter Park. Damien Madsen and Josh Smith of Harbert Realty represented the seller in the transaction.
The property, formerly home to The Gardens at DePugh Nursing Center, garnered significant interest immediately upon becoming available. Showcasing the intense demand for institutional-quality real estate in the Winter Park corridor, the asset was listed off-market in September and successfully secured a contract in only two weeks.
The site was acquired by a prominent area developer, signaling a new chapter for the high-visibility location. Situated just blocks from the renowned Park Avenue shopping and dining district, 550 W Morse Blvd represents one of the few remaining significant development opportunities in this prestigious submarket.
