A Polk County developer paid $1.2 million last week for nearly 90 acres of timberland on Haines City's Scenic Highway that has city approval for a 367-lot subdivision.
Cassidy Organization, a Winter Haven-based land developer, won approval June 21 to rezone the property just east of Little Lake Hamilton for a Residential Planned Unit Development.
The property was owned by members of the Horton family and was held in various trusts. The buyer was an affiliate of Heath Construction owner Warren Heath and Jack M. Barry III, grandson of the late citrus baron Jack M. Barry.
Mark Bennett, Haines City's deputy director of development, told GrowthSpotter the buyers now must file a preliminary plat before starting horizontal construction. The site plan prepared by Dennis Wood Engineering did not include a phasing plan.
The property is across the street from the expanding Aldi Food Market distribution center, but is in a growing residential area. The neighborhood will be just across the lake from BellaViva, an active adult community in development by Richmond American Homes and Better Built Homes.
D.R. Horton is also active in the Haines City market and is under contract to buy 186 acres that were previously approved for a short-term rental resort community. Horton plans to develop the 550-lot community for primary residential use.