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KB Home pays $10M for residential subdivision next to ChampionsGate resort

KB Home paid $10 million for the 80-acre Westside Hills subdivision, which is approved for 270 homes and 98 townhomes.
KB Home paid $10 million for the 80-acre Westside Hills subdivision, which is approved for 270 homes and 98 townhomes. (TerraVest Global Engineering Services)

KB Home paid $10 million this week for the majority of homesites in Westside Hills, an 80-acre residential subdivision that received site plan approval from Osceola County in May.

The subdivision is just north of Lennar’s latest ChampionsGate expansion on Westside Boulevard. Polk County land developer Jean Marsan bought the land in 2018 and took the project through permitting under the name “Bellaviva at Harmony.”

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Renamed Westside Hills, the project is divided into four phases, starting with 270 single-family homesites in three phases and 13.4 acres reserved for a fourth phase that will have 114 townhomes. KB Orlando President Fred Wyborski said the homebuilder purchased 212 of the single-family home lots, which are all 45- and 50-feet wide, and all of the future townhomes.

KB Home will be offering floorplans with up to five bedrooms in Westside Hills when sales open later this year.
KB Home will be offering floorplans with up to five bedrooms in Westside Hills when sales open later this year. (Handout)

“We will be commencing construction in the next couple of weeks,” Wyborski said. “We expect to have our models complete and open sales by the end the of year.”

Marsan will retain the 58 rear alley-loaded lots, which are 30 feet by 100 feet. He is expected to build the same 24-foot product line currently offered at his Prestwick Village community in Davenport.

Westside Hills will serve as a follow-up to KB’s recently completed Magnolia at Westside, where it partnered with K. Hovnanian Homes to sell 245 homes at Westside Boulevard and Goodman Road, about two miles away.

“We do see this as a follow-up, but here we will offer multiple product lines — we’ll have the 40-foot homes, 35-foot homes and the 20-foot townhomes,” Wyborski said. “And we control the majority of the community, so we expect it to proceed at a faster pace.”

Learn who now controls a mass of vacant land near Lennar's next phase of ChampionsGate, and the mixed-use community they're proposing.

KB will build a pool and cabana, as well as trails and tot lots throughout the community. The builder will offer a limited number of inventory homes in the community, choosing to focus on pre-sales and customization.

“Our brand is built on personalization,” Wyborski said. “It’s not unusual to have inventory homes in our communities, but we feel the buyer gets a better experience when they’re able to select their features. I don’t see us altering our strategy.”

He noted that because of fluctuations in lumber and materials costs, pricing will be released closer to the opening date.

Every KB home is ENERGY STAR certified, and all are designed to deliver an enhanced indoor environment and include high-performance ventilation systems, low- or zero-VOC products and other features guided by the Environmental Protection Agency’s (EPA) Indoor airPLUS standards.

KB Home is already active in the Four Corners submarket. The homebuilder is currently selling homes in Mirabella, a 246-home subdivision on the U.S. 27 corridor in Davenport and at Tivoli Reserve, next to Providence.

KB paid $7 million in March for the Reserve at Lake Ridge, an 87-lot subdivision in Minneola which is now open for sales.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @byLauraKinsler. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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