Lake Nona is continuing its expansion by holding the grand opening to show off models in a residential neighborhood that will have 325 homes when complete.
The community, Somerset Park, builds on the roughly 3,500 residences that have been constructed at Tavistock Development's Lake Nona property over the past several years.
And Tavistock isn't nearly half the way through. All told, 9,000 homes are expected to be erected in Lake Nona, housing 25,000 to 30,000 residents.
Combine that with five million square feet of proposed commercial development, including 2,250 hotel rooms, and Lake Nona is one of the fastest growing developments in the Orlando area.
There is plenty of room to build on, with Tavistock having 11 square miles of property at Lake Nona. The property, if laid over Manhattan, would stretch from Battery Park to Central Park, and across from the East River to the Hudson River.
This is the fifth residential neighborhood within the Lake Nona portfolio and continues Tavistock's use of different residential builders to create communities. The Somerset homes are designed to offer a variety of options, with single-family homes ranging from 1,699 to 3,873 square feet and pricing beginning in the $260,000s.
The 150-acre residential community will include a resort-style pool with cabanas and a playground area.
M/I homes at Somerset Park offers eight floor plans, with single-family homes ranging from 1,758 to 3,873 square feet. The two-story, 3,642-square-foot Sonoma model is part of the community model showcase featuring five bedrooms, three bathrooms and three garages.