Pulte planning 550-lot subdivision in hot Four Corners market

Pulte Homes is eyeing 151 acres on Sand Mine Road in Davenport for a new 550-lot subdivision.

Chris Cleary, director of land acquisition for Pulte, has applied for a Level 1 review with Polk County's Development Review Committee later this month for the project. He indicated the community would include a mix of lot sizes ranging from 40 feet to 60 feet wide by 120 feet deep.

The preliminary site plan also shows a large amenity center with full-sized sports field, pool and clubhouse. Sand Mine Road would be extended eastward to the county line, where it would connect with Westside Boulevard. 

The current owner is Sunbeam Properties & Development, which owns Miramar Park of Commerce business park in South Florida. Sunbeam purchased the acreage in 2012 for just $2.25 million. 

Pulte Division President Clint Ball told GrowthSpotter the discussions are still preliminary, but if the deal comes together it would be a single-family home community. 

Pulte still has plenty of lot inventory available in two nearby vacation home resorts. Windsor at Westside, now in its second phase, is just a half mile east on Sand Mine Road. The homebuilder is also pre-selling its two neighborhoods in Solterra, another resort community in Davenport just off Ronald Reagan Parkway.

The Sunbeam property is right on the Polk-Osceola county line, directly across from the K-8 Citrus Ridge Civics Academy at 1775 Sand Mine Road. 

The 13-acre commercial parcel to its west has been under contract twice in the last two years for retail projects. Magnolia at Westside, a 245-home community that abuts the property to the east, is now being built by KB Homes and K. Hovnanian Homes.

Just across the county line, Mattamy Homes is building Solara Resort at the southeast corner of Westside and Sand Mine. Solara will span both sides of Westside Boulevard and have more than 900 homes and townhomes. 

D.R. Horton's 350-lot Murano community is also in development now at the intersection of Sand Mine and Westside.

The Sunbeam property previously had an approved Planned Development for Park Square Homes, which had purchased it at the height of the real estate bubble in 2006 for $13.5 million. Two years later Park Square sold the land, then dubbed "Sedona Ridge," for $4 million to a buyer who lost it in a foreclosure suit in 2011.

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

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