New Million Dollar Gated Community in Altamonte

Ben Greater Orlando News, New Development in Altamonte, Real Estate News Leave a Comment

A pair of Argentina-born architects inspired by the Spanish Mediterranean estates of their home country want to bring a bit of that refined style to Altamonte Springs.  Husband and wife Horatio Gonzalez and Graciela Blanco, founders of real estate company Silver Sea Group, will be building million-dollar homes near the Altamonte Mall and Cranes Roost Park. 

The family-owned and operated firm is planning a 12-lot gated community on about 2.6 acres of land at 500 Wymore Road.  Earlier this month, city commissioners approved a rezoning request and land use amendment submitted by Silver Sea to allow for a low-density residential community, on what’s currently two undeveloped lots with a retention pond. According to a Notice of Commencement filed in Seminole County last week, leveling work on the site has begun.

Prices at the proposed Club at Maison Jardin residential project will range from $700,000 to a little more than $1 million, co-founder and president Graciela Blanco told GrowthSpotter.  “We’re getting construction plans approved now and expect to begin marketing in two to three months,” Blanco said. “Three lots are already reserved by some of our previous customers.”  She and Gonzalez founded Silver Sea Group in 1996. The couple, native to Argentina, are architects that specialize in Spanish Mediterranean designs. Blanco said homes in the community will resemble that style. The property already contains large heritage trees that will frame the lots, she adds.

Homes at the Club at Maison Jardin community range from about 3,000 square feet to 4,000 square feet.  Records show Silver Seal Group purchased the property in February for $950,000.

The previous owners, Peirce Holdings LLC, had wanted to build a mixed-use project on the property, but withdrew the request after surrounding property owners expressed concern over the compatibility of the project with the residential communities.

The Maison Jardin restaurant and event center sits on 10 acres adjacent to the community. The Silver Sea Group previously designed and developed the neighboring Spring Lake Pointe community, where homes routinely sell for over $1 million.  To the north, Chattanooga, Tennessee-based 3H Group recently completed demolishing the old Executive Point Towers that have stood along I-4 for years. In its place, the developer is planning to build a commercial development but hasn’t narrowed down plans yet.

Also active in the city is Banyan Development Group. The developer is seeking to annex about 3.6 acres from Seminole County into Altamonte Springs for a new transit-oriented development within walking distance of the city’s SunRail station.


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