GMF Group acquired Lakeview Terrace in DeLand, Florida, on October 31, 2023, for a recorded price of $3,180,000. Located at 1250 Lakeview Drive, DeLand, FL 32720, the manufactured housing community includes 66 lots and units (65 mobile home lots and one cottage) as well as 30 marina slips. The community is spread across 10 acres of prime lakefront property at the north end of Lake Beresford, which offers excellent opportunities for those who enjoy fishing, boating, and water recreation.
A quiet, vacation-like retreat for the 55+ community, Lakeview Terrace features multiple outdoor amenities, including boat slips available for rent, a gazebo with BBQ, and lush green landscaped grounds. Spacious lots offer privacy and breathing room. Laundry facilities are located onsite. The community prides itself on its welcoming, neighborly atmosphere that makes it easy to form life-long friendships.
Nature lovers will find much to do at Lakeview Terrace and the surrounding area. Take your boat out on the lake, go fishing, or go for a stroll or bike ride on the 1.8-mile multi-use path at nearby Lake Beresford Park, which also has quiet, shady nature trails, a playground, and picnic areas. Venture into DeLand to enjoy the historic downtown, an award-winning Florida Main Street community with lovingly preserved buildings. Shop at local businesses for clothes, antiques, home décor, furniture, and artisan-made goods, then dine out at one of the many restaurants. Full-service DeLand also boasts a variety of hair and nail salons, barbers, and massage therapy and chiropractic clinics, in addition to breweries and nightlife. Local events include farmers markets, a classic car cruise, holiday parades, and a fall arts festival that draws artists from around the country.
From their location in East Central Florida, Lakeview Terrace and DeLand are well connected to the Florida coast—Daytona Beach is less than an hour away via US-92.
About GMF Group
GMF Group, founded by Gabriel Monfried and Matthew Forssman, is a US-based asset management firm that employs an opportunistic approach to investing in undercapitalized real estate asset classes and markets. Matthew and Gabriel are Managing Partners at GMF Group.
