Whispering Hills

United States Bankruptcy Auction Bellaviva at Whispering Hills, LLC A 1,432.25± Acre Master-Planned Mixed-Use Community Strategically Located in the Orlando MSA along U.S. Highway 27, Leesburg, Florida Opportunity Overview 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. 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. 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”). The Seller has secured a Stalking Horse Bid of $45,000,000 and will now offer the property via a live Zoom auction scheduled for Wednesday, July 1, 2026. The bidding will start at a minimum of $45,700,000 plus the 3% Buyers Premium. The Property is being sold subject to the approval of the Bankruptcy Court. The Instructions Package for Bidder Qualification can be found in the online data room. Investment Highlights Subject property is located in a vast growth area Lake County and the City of Leesburg are “Development Friendly” There is a need for housing options outside the core Orlando Metro Market There is an opportunity for commercial expansion in the area (in the frontage and parcel on US Highway 27) Close proximity to major highways such as US Highway 27, The Florida Turnpike and Interstate 75 Close proximity to The Villages and other nearby large master planned communities PUD Zoning and Phase 1 approvals are active. Phases 2-4 are thoroughly planned Numerous studies, reports, and due diligence information are readily available for analysis Property Info Address US Highway 27 / Windmill Road / Number 2 Road Municipality Leesburg County Lake County, FL Parcel ID 36 Total Parcels Site Size 1,432.25± Acres (73±% Upland / 27±% Wetlands) Zoning & FLU PUD granted by City of Leesburg Planning Commission, granted on July 22, 2021 Approvals PUD / Phase 1 Infrastructure & Design Frontage 800± feet on US Highway 27 Traffic 27,500 AADT on US Highway 27 (2025 FDOT) Schools Leesburg Elementary, Oak Park Middle, Leesburg High Closest Airports Leesburg International Airport: 12 Miles Orlando International Airport: 46 Miles Closest Medical Orlando Health South Lake Hospital – Blue Cedar (4 miles) AdventHealth Minneola (16 miles) AdventHealth Waterman-Tavares (17 miles) Amenities Grocery / Retail Center (Publix/Aldi/Walgreens) – 2 miles Walmart Supercenter (9 miles) Lowes / Home Depot (12 – 14 miles) Multiple amenities available in The Villages to the northwest Nearby Things To Do Flat Island Preserve (5 miles) Venetian Gardens Park (Leesburg’s most popular waterfront spot) – 7 miles Downtown Leesburg District – 7 miles Leesburg Heritage Museum – 7 miles Lake Griffin State Park – 7 miles