Mattamy Homes buys Lake Apopka land from City of Ocoee for $3.75M

Mattamy Homes paid the City of Ocoee $3.75 million last week for 146 acres on Lake Apopka that will comprise the second phase of its new Preserve at Crown Point gated community.

Mattamy was the winning bidder for the city-owned property and closed on the first 146 acres in July 2016 for the same purchase price, bringing the total land purchase to $7.5 million. Orlando Division President Alex Martin told GrowthSpotter the infrastructure work is nearly complete for Phase 1, and the models and sales center should open in early February. 

"We started pre-selling off-site, just because the demand was so high," Martin said. "We've already sold about 40 homes, and our models aren't even finished yet."

The gated community includes roughly 300 lots of varying sizes. Mattamy is currently offering 10 floorplans with a buyer's choice of Traditional Florida, Craftsman or Farmhouse-style elevations. 

"These are new floorplans that were designed specifically for the site," Martin said. 

Phase 2 is fully permitted, he added, but Mattamy won't begin construction until it needs those 150 lots. This section maintains a similar distribution of 45-foot, 55-foot and 65-foot lots. The community pool and cabana also will be constructed in the latter phase.

While the community doesn't offer direct access to Lake Apopka, the lake is visible from virtually the entire site, Martin said. The community neighbors Ocoee High School and has a site for a future elementary school. 

"The location is spectacular," Martin said. "We're minutes from all the shopping conveniences and minutes from the (S.R. 429) toll road. We're within a mile of the West Orange Trail." 

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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