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Residential Property Developments

Pulte carries over its end-of-year buying spree into 2022

Pulte's Foothills of Mount Dora will offer a lineup of move-up and executive homes on 80-foot-wide lots.

After wrapping up 2021 on a torrid pace, with 10 land closings in December, Pulte Homes continued its buying spree in January with three more subdivisions.

“It is critical that we continue to expand our overall footprint in the Central Florida market to help satisfy the growing demand for homes, particularly as we see a continued influx of out-of-state homebuyers looking to move here,” said Clint Ball, Division President. “We’re proud that our innovative floor plans, resort-style amenities and convenient locations close to premier activity centers are all part of the allure.”

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The Atlanta-based homebuilder paid $6.1 million last month for nearly 300 acres in Orange County about a 5-minute drive from downtown Mount Dora. They’re calling the 234-lot subdivision Foothills of Mount Dora. The project will be constructed in two phases with estate-style lots with a minimum size of 80 feet by 130 feet.

“We purchased it fully entitled,” said Max Perlman, VP of Land Acquisition. “We should have our final permits rolling in this month, and we have our groundbreaking scheduled for March.” The models and sales center should be open by the end of the year.

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Perlman said the builder would offer a similar product line to what’s available at its Vista Reserve community in Apopka. The large lot sizes and close proximity to downtown Mount Dora added to the project’s appeal.

“Downtown Mount Dora has a very unique atmosphere, with the lakefront and the variety of shopping and dining,” Perlman said.

In Kissimmee, Pulte paid $3 million for the second phase of its Centex-branded townhomes at Cypress Cay. Pulte launched the 286-unit community in 2020, paying $3 million for the first phase. Perlman said the Jan. 31 transaction covered the final 134 lots.

Centex Homes offers two floorplans at its Cypress Cay townhouse community in Kissimmee.

The site is located on Princess Way near the intersection of U.S. 192 and Old Vineland Road. It lies within Osceola County’s Short Term Rental Overlay and was previously approved as a vacation home resort, but Pulte opted to develop it for residential use. The builder offers two floorplans, but each has three bedrooms and two and a half bathrooms. Interior units come with a single-car garage, and end units have two-car garages.

The amenities would include a pool and cabana, tot lot, walking trails and dog park.

On Jan. 20, Pulte paid former citrus grower Warren McNight Jr. $2.25 million for an assemblage of six parcels in Haines City and unincorporated Polk County spanning 125 acres. Pulte led the rezoning and permitting for the property, renamed Hartford Terrace, for a 513-home subdivision. Located right across U.S. 27 from AdventHealth Heart of Florida Hospital, the community will have a mix of townhomes and detached home lots in three sizes.

“We think the location is very convenient with direct access to Hwy. 27,” Perlman said. “It’s a high-growth area, and Pulte saw the potential to offer products to a wide range of buyers with multiple lot sizes. Plus, we can have some great lifestyle in a community of that size.”

The amenities will include a clubhouse and resort-style pool with lap lanes, lots of walking trails plus a flex lawn that doubles as a soccer field.

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Hartford Terrace is next door to Forest Lake, 574-home subdivision, where the homebuilder is currently selling under its Centex brand alongside D.R. Horton and Richmond American Homes.

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 FacebookTwitter and LinkedIn.


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