Welcome to today’s real estate news roundup! In our top stories, we have Homebuilding giant Lennar expanding its presence in Osceola County’s Crossprairie master-planned community with a significant land purchase. This acquisition positions Lennar to meet the growing demand for housing in Central Florida. Meanwhile, Tricoast Homes has broken ground on its first proprietary community, Summer Place, offering premier residences for those seeking a hassle-free lifestyle. And Minto Communities USA has unveiled four furnished models in the Terraces of Westlake, providing an affordable opportunity to own new construction in Palm Beach County. Read on to discover more about these exciting developments in the housing market!
Lennar makes $10.8M land buy in Crossprairie – GrowthSpotter
Homebuilding giant Lennar has expanded its presence in Osceola County’s Crossprairie master-planned community with a $10.8 million land purchase. This acquisition adds to Lennar’s growing portfolio in the area, as the company has already invested in other nearby communities such as Tohoqua and Pine Glen.
The purchase covers all the residential lots in the ED-2 neighborhood, which is part of the former Edgewater DRI. The ED-2 neighborhood is strategically located near the community’s future urban center and the Tohoqua master-planned community. With this latest acquisition, Lennar is well-positioned to meet the increasing demand for housing in Central Florida.
BTI Partners, the master developer of Crossprairie, has plans for 655 residential lots and a neighborhood commercial center in the ED-2 neighborhood. Lennar’s purchase includes the first phase of this development, comprising 73 townhomes, 153 rear-loaded bungalow homes, and 97 front-loaded 50-foot home lots.
This expansion by Lennar reflects the rapid growth and tight housing market in Central Florida. By acquiring large tracts of land and partnering with homebuilders, BTI Partners aims to expedite construction and increase the housing supply in the region.
Tricoast Homes breaks ground on Summer Place – Houston Agent Magazine
Tricoast Homes, a leading homebuilder, has started construction on its first proprietary community, Summer Place, located in Montgomery. This 10-acre community will feature 67 luxury garden homes with individual yards, catering to both seasoned and first-time homebuyers.
Landon Steinhagen, the division president of Tricoast Homes, expressed pride in reaching this milestone and emphasized that Summer Place offers premier residences for those seeking a lock-and-leave lifestyle with minimal maintenance. The community aims to provide a hassle-free living experience without compromising on quality or amenities.
Summer Place will offer six floor plans ranging from 1,979 to 2,477 square feet, with prices starting at $399,000. Residents will enjoy convenient access to nearby attractions such as Lake Conroe, the Margaritaville Lake Resort, as well as various restaurants and shopping centers.
Westlake Opens Four Models In New Townhome Neighborhood – Town-Crier Newspaper
Minto Communities USA has unveiled four furnished models for its new townhome neighborhood, the Terraces of Westlake. With prices starting in the mid-$300s, these homes offer a rare opportunity to purchase new construction in a lifestyle-focused community at an affordable price point in Palm Beach County.
The two-story models showcase floorplans from Minto’s Courtyard Collection, including the Rose, Ivy, and Coral. These townhomes feature three to four bedrooms, 2.5 baths, two-car garages, and front-entry covered lanais. The interiors boast 9-foot, 4-inch ceiling heights, island kitchens with granite countertops, energy-efficient appliances, and walk-in closets. The building exteriors offer two distinct architectural styles: Coastal Contemporary and Urban Transitional.
The Terraces neighborhood is situated near the Westlake Fitness Trail and offers 250 townhomes, some with views of the adjacent lake. This marks Minto’s second townhome neighborhood in Westlake, following the successful sell-out of the Crossings townhome neighborhood earlier this year.
Prospective buyers can take advantage of the Welcome Heroes program, which provides a three percent discount on the purchase of a new Minto home for public servants such as active military, police officers, firefighters, teachers, and healthcare workers. Westlake homeowners can also enjoy the amenities offered at the $22 million Westlake Adventure Park.