Bacardi rum heiress lists home in Disney's Golden Oak for $19M (PHOTOS) - Orlando Business Journal (2024)

An Orlando home within Disney property limits has been listed for $19 million by an heiress to the Bacardi rum fortune.

The 12,772-square-foot estate home at 10242 Summer Meadow Way is within the Four Seasons section of Walt Disney World's exclusive Golden Oak community.

The home is owned by Hilda Maria Bacardi, a direct descendant of Bacardi Ltd. founder Don Facundo Bacardi Masso and a member of the family that owns the company.

To see more of the home, check out the gallery above.

Orlando Business Journal previously reported that Hilda Bacardi has used LLCs and trusts to buy at least seven Orlando homes since 2021 — not including this particular Golden Oak property, which Orange County records show she purchased in October 2018 for $6.99 million.

Husband-and-wife team Shane and Tracy Croft, Winter Park-based agents for Coldwell Banker Realty Orlando, are the listing agents for the home and have been involved in past transactions for Hilda Bacardi — including an Isleworth home she bought for $5.9 million in 2021.

Shane Croft told OBJ that Hilda Bacardi is selling the home because she is downsizing, noting her daughter recently was married and her son will graduate high school soon.

Constructed in 2016, the home is one of 30 in the sold-out Four Seasons neighborhood within Golden Oak. It has seven bedrooms, seven bathrooms, three half-bathrooms and two master suites, in addition to a private pool, a Star Wars-themed home theater and a bar and entertainment room, among other luxury amenities.

Two of the bedrooms are themed after Disney film franchises "Finding Nemo" and "Frozen."

In addition to its own respective perks, residents of Golden Oak gain access to the private Summerhouse club and other community-specific amenities.

The significant listing price comes on the heels of the $35 million sale in February of a 26,000-square-foot custom mansion in Isleworth that had been owned by Flavio Augusto da Silva, the former owner of professional soccer team Orlando City Soccer Club.

Croft told OBJ that sale and other recent trends — including an influx of affluent newcomers to the region — have functioned to "completely reset" the market in metro Orlando.

He said the evolving market, along with the property's exclusivity, are the reasons for the noteworthy price tag of $19 million.

"We're on Disney property, we're in Golden Oak and we're within the Four Seasons [offering] — you only have 30 of these properties."

Meanwhile, luxury Realtors have identified and defined Orlando's emerging "ultra luxury" market of homes trading hands for $10 million or more. While there were no such sales in 2019 or 2020, there have been at least 11 since 2021, according to Compass Real Estate and Orange County Property Appraiser data.

"Central Florida now has become an ultra luxury market when it has not been one before," previously said local Compass Real Estate agent Toni Marie Cafferty, who is not involved with the listing.

The trend is driven by deep-pocketed people moving from across the U.S. to Florida, previously said Align Real Estate LLC founder Tiffany Pantozzi, who is not involved with the listing.

In fact, Orlando Business Journal previously reported migrants from states like California, New York and Virginia flocked to Central Florida in 2020, bringing higher-than-average incomes with them.

"More affluent people are bringing their money to Florida and Central Florida," Pantozzi said.

Relatedly, Croft said he anticipates the buyer for the Golden Oak home more than likely will be from out-of-state. He explained that buyers in the ultra luxury price point operate differently, which is why he believes the home could sell in one week or take up to a year.

On the one hand, Croft noted such buyers are going to make purchases with cash and tend not to hesitate much once they've decided they want a property. On the other hand, because the likely buyer may be from out-of-state or outside the country, there could be delays in making time for prospective buyers to come see the home.

He also said that because buyers and sellers at this price point are typically not financially motivated, it adds a layer of uncertainty to how things may move forward.

"It's hard to predict how long it will take."

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