Orlando developers Bob Zlatkiss and Brian Martin have filed construction plans for a new 536-home subdivision called “The Sanctuary” in south Lake County.
Stretching from U.S. 27 to Sawgrass Bay Boulevard, the community is set to rise on 380 acres of vacant forest land just north of the Seranoa community south of Clermont.
“Kolter’s done a great job with Serenoa, so they really have helped to make this submarket even stronger,” Martin said. “We think our project will be a complement to the surrounding area, and it will be similar lot sizes and price points.”
The partners bought the land for $7.8 million last September through an affiliate company, American Land Development of Central Florida.
The property has a residential Planned Unit Development zoning and is set to be constructed in three phases, beginning on the western end at U.S. 27, just north of the Publix-anchored Golden Eagle Village shopping plaza. The amenity center would be located near the main the entrance on Sanctuary Drive, according to the plans.
Heidt Design is the engineer of record. The construction plans call for lot sizes ranging from 40-foot to 50-feet wide.
Zlatkiss and Martin are in discussions with a national homebuilder active in the area, but the property is not under contract. Martin said the intention is to sell the property once the construction plans are approved.
“This will be a beautiful community because of the lay of the land,” Martin said. “There’s a lot of opportunity to have lots backing up to wetland or conservation. It’s going to be attractive to whoever buys it."
The Sawgrass Bay community just north of The Sanctuary is currently in its fourth phase. Homebuilders there include Lennar, KB Homes, Home Dynamics, Taylor Morrison and Ryan Homes. Meanwhile, D.R. Horton is now developing Phase 2 of its active adult community in Palms at Serenoa.
Zlatkiss was a development partner for WCFM Nona, which last week closed on the first takedown of a 300-plus home community along Osceola County’s Jones Road corridor. The buyer, Forestar Group, paid $4.8 million for the first phase.