xml:space="preserve">
xml:space="preserve">
Advertisement

'Intimate' may become a watchword for home builders

Crystal Reserve, which will be situated in the upper right hand corner, is an example of an "intimate" home building project
Crystal Reserve, which will be situated in the upper right hand corner, is an example of an "intimate" home building project

After having expanses of land to choose from for the last five years, don't be surprised that the word 'intimate' is creeping into home builders' vocabularies.

This is especially true for Orange and Seminole counties, as builders find themselves scaling way down on project sizes as big parcels become scarce and costs climb. To be sure, there are projects that strive to be intimate. But in this case the label may be being applied because of a dearth of land availability.

Advertisement

One example of an intimate community that cropped up is Crystal Reserve, a project preparing to get underway in Lake Mary by Pulte Homes.

The project, Pulte's first in that city in recent memory, will be comprised of 16 residences on 10 acres of land.

The development is at West Lake Mary Boulevard and Crystal Drive, between the city's Post Office and Longwood Lake Mary Road.

"This is a unique opportunity to serve a demand that buyers have for smaller, intimate communities," said Clint Ball, vice president of land for Pulte Group of North Florida.

At the same time Ball noted, "There are very limited opportunities for larger parcels. I think you'll see more and more people doing smaller ones."

Crystal Reserve will cost about $3 million to build, with the land having been sold to Pulte for just under $1 million.

Homes in the gated community will range from the high $300,000s to the low $500,000s, with the model to be built in the first quarter of next year and subsequent construction to be at an on demand basis.

Pulte isn't alone in taking up the word intimate to describe a project. Meritage Homes' Bellevue project in Seminole County's Oviedo, which is in the pre-selling phase, has 26 units on 12 acres and is called intimate in marketing materials.

Have a tip about Central Florida development? Contact me at ktalley@growthspotter.com or (407) 420-5176. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

Advertisement
Advertisement
Advertisement