Walton Global Closes on Sale of over 76 Acres in Hernando County
Walton Global, a leading asset management and global real estate investment company, has announced the successful sale of Phase 1 within Hernando County’s 264.25-acre Canopy Master Planned Community. Sold to homebuilder Park Square Homes, Phase 1 consists of 76.55 acres with up to 227 residential lots. The Canopy Master Planned Community will feature a variety of amenities for its residents, with designs for the clubhouse and other amenities currently in the works.
“Hernando County is expected to gradually increase its population as migration into the Sunbelt continues,” said Shane Doherty, Real Estate Coordinator for the East Coast at Walton Global. “The Phase 1 sale to Park Square Homes is a critical first step toward building out the Canopy Master Planned Community to support the region’s continued growth.”
Situated directly north of the Glen Lakes Golf & Country Club, the Canopy Master Planned Community benefits from exposure and visibility along US 19, a major tollway connecting the entire Tampa Metropolitan Statistical Area. This places the community just 59 miles from downtown Tampa, 84 miles from Orlando, 11 miles from Pine Island Park on the Gulf, and 9.5 miles from the scenic Weeki Wachee Gardens. More locally, the property provides easy access to a variety of shopping centers, bars, and restaurants. It also sits near Glen Lake and Tooke Lake.
“We are pleased to bring Park Square Homes’ expertise to Hernando County to support mindful regional growth,” said Nicole Stanton, Vice President of Sales and Marketing at Park Square Homes. “We look forward to working with Walton Global to build an amenity-rich community with exceptional homes for new residents.”
Park Square Homes is a family-owned and operated private homebuilder and developer based in Orlando, FL with a growing presence throughout Tampa and Southwest Florida. Known for superior craftsmanship, high quality, and a signature aesthetic appeal, Park Square Homes boasts a homebuilding portfolio of properties unlike any in Florida.
Other residential activity in the region includes Crystal Waters, a 200-unit community located directly across from the Canopy development that is currently working its way through the Hernando County Planning and Zoning Commission. To the northeast sits Metro Development’s Community Lake Hideaway, a Master Planned Community with roughly 3,700 residential units.
