West Palm Beach-based Kolter Homes is seeking permits for a 580-home “active adult community” within its larger 987-acre Serenoa residential development in southeast Lake County.
Under its affiliate VK Avalon Groves LLC, Kolter has county and state approval for a total 1,600 units in what was formerly dubbed Avalon Groves but is now being marketed as Serenoa, Kolter Land Partners president Jim Harvey told GrowthSpotter.
The residential community is located on the west side of Sawgrass Bay Boulevard, 1.5 miles east of U.S. 27 in the southeastern corner of Lake County. It was going to be the first development in the Wellness Way planning footprint, before plans for that health and wellness-focused district became stalled in a legal fight.
The company started site work in January on the initial 400-lot phase of its non age-restricted, single-family development, Harvey said.
“We’ve already got approval and are well underway for our single-family neighborhood,” Harvey said. “We should be open for home sales late this year. It’s all part of the same master development.”
The single-family homes will be priced from the low $200,000s to $400,000. Builders that have committed to the project are Pulte Homes, Ryan Homes, David Weekley Homes and Ashton Woods, Harvey said.
“They’ve all committed deposits and are waiting for us to finish the development so they can start the homes,” he said. Civil engineer on the project is Heidt Design of Tampa.
Work on Serenoa’s 55-and-older community won’t start until later this year.
“We probably will not have available product (in the senior community) until late 2018,” Harvey said.
The active adult section will be gated and feature its own 6,500-square-foot amenity center with a clubhouse, dog park, playground and pool.
The construction area will cover 93.9 acres of disturbed ground, according to Kolter’s application for environmental permits with the St. Johns River Water Management District. The total parcel consists of 176 acres of planted pine farms, open pasture and wetlands, according to water management district records.
Harvey said the nearby city of Clermont has already established itself as a hot market for seniors, a sign that there will be plenty of demand for an age-restricted community several miles north.
“We see ourselves as an extension of the Clermont submarket,” he said, “but we also see it as great location for families as well as working folks on the south side of Orlando.”
As part of its development plans, Kolter plans to extend Sawgrass Bay Boulevard east to Avalon Road where it will join up with Disney’s westward extension of Western Way.
“We’re building an extension of Sawgrass Bay Boulevard that will run all the way from 27 to the Beltway and right into Disney,” Harvey said. “Disney is building the portions in Orange County."