Homebuilder D.R. Horton is looking to add to its growing St. Cloud inventory with another 300-plus homesites just south of Center Lake Ranch.
The builder is under contract for 92 acres on Pine Grove Road, about .75-miles north of U.S. 192 and has applied for a residential Planned Unit Development zoning. The property is just across Nova Road from the Center Lake Ranch mixed-use district, approved for 4,000 homes.
Jordan Engineering's Ray Stangle submitted the PUD application and plans, which call for 302 detached homesites. The minimum standard lot size would be 52 feet wide, or 58.5 feet for corner lots. The PUD also sets a minimum house size of 1,500 square feet of conditioned space.
The plan calls for a mix of 1- and 2-story homes with at least three bedrooms, two bathrooms and a two-car garage. It is anticipated the homes will be priced from $260,000.00 to $330,000.00, without options or pools and final pricing will be based on market conditions at the time of the construction of the home, according to the PUD narrative.
Guest parking and on-street parallel parking would be provided to meet the city's 4.5-vehicle per home parking requirements. The plan also sets aside nearly 10 acres for recreation, which includes a pool and cabana.
The community would be developed in two phases, starting from the south, and the recreational facilities would completed prior to the issuance of the 150th single family home building permit.
St. Cloud requires a minimum lot width of 62.5 feet for Low Density Residential zoning, but the new council has shown greater flexibility with PUDs and Mixed-Use districts.
The application is scheduled to go before the city's Development Review Committee Thursday.
While it's in a pocket of suburban development, one of Osceola's most expensive estate homes is right across the street on Lake Lizzie. Orlando attorney Rainier Munns and his wife, April, sold their custom-built 8,900-square-foot Spanish Mediterranean home in 2017 for $4.25 million.
D.R. Horton's masterplanned Kindred community has made it one of the busiest homebuilders in Osceola County. The company is also actively building in Canopy Walk in St. Cloud. Horton will break ground on Savannah, a small community of 80 homes on Friar's Cove Road, pending city approval of the final plat.
The builder is projecting sales of around 2,800 new homes in 2019, according to Forward Planning Manager Christopher Wrenn, who sat on a homebuilders' panel Tuesday morning hosted by the Greater Orlando Builders Association and Urban Land Institute of Central Florida.
"We're looking all over the place for land," he said. "In any given week, we've got 60 to 70 targets."