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El Dorado Estates, Inc. was incorporated in January 1955, with Washington, D.C. real estate developer Leon Ackerman as its only shareholder. In October 1955, the company's name was changed to Indian Lake Estates, Inc. and it purchased a large tract of undeveloped land on the shores of Lake Walk-in-Water, about 19 miles southeast of Lake Wales. [3]
Lake Weohyakapka is a lake in Polk County, Florida, in the United States. [1] The name is derived from the Creek language, most likely meaning "walking on water". [2] The turpentine settlement of Walinwa (Walk In Water) was once located by the lake and was connected to other logging, sawmill, and turpentine industry towns by the Kissimmee River Railway, a Seaboard Air Line Railway subsidiary ...
The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [1]
Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically for any scam that misrepresents what is being sold.
The first railroad line built in the area, by Henry Plant and Col. Henry Haines, passed close to Lake Henry and Lake Haines on the northern chain. The major roads passing near the chain of lakes today are U.S. 17, U.S. 92, State Road 544, and State Road 540. Jack Browns Seaplane Base is located on Lake Jessie.
Rainbow Lakes Estates is located in western Marion County and southeastern Levy County at 29.1458° N, -82.4994° W. [4] US 41 forms the easternmost edge of the community, 6 miles (10 km) north of Dunnellon. [5]