Disney Purchases Approximately 235 Acres of Land Near Walt Disney World in $6 Million Deal
The boundaries of the Walt Disney World Resort may have gotten just a little wider.
Orlando Business Journal’s Jack Witthaus and Richard Bilbao report that The Walt Disney Company’s Compass Rose Corp. purchased approximately 235 acres of land just south of Reedy Lake, on the northwest edge of the resort property. The sale, completed on Monday, was for $6 million, valued at around $25,321 per acre. Disney purchased the land from Lake Reedy, LLC, based in nearby Winter Park, according to Orange County records. (Lake Reedy previously purchased the land in 2005 for $1.3 million.) The land sits across from Disney’s Palm, Magnolia, and Oak Trail golf courses.
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