Developer Avalon Park Group's affiliate Avex Homes has a 20-acre horse training property in Apopka under contract with plans for 52 large lots, drawn to market growth around the S.R. 429 extension.
Located at 359 W. Lester Road, it less than four miles northeast of the S.R. 429 interchange with Orange Blossom Trail, and a half mile from the Errol Estates Golf and Country Club.
"Apopka has always been a solid market in our eyes, and this is a good location approximate to some other communities being developed, with good schools and the extension nearby for S.R. 429," land development director Eric Wills told GrowthSpotter.
The closest new single-family home development to Avex's site is the 60-lot Rock Springs Estates by Pulte Homes, which is set to the southwest and nearly fully built out.
Avex's planned subdivision would feature 52 quarter-acre lots with a standard width of 75 feet. A Preliminary Development Plan earned recommendation for approval on Wednesday from Apopka's Development Review Committee.
The homebuilder has yet to determine the community name, model lineup or square footage range for the homes, but its price point will be comparable to Pulte's nearby, said Wills, which start at $278,000.
The prospective seller is Laura R. Murphy, who paid $167,000 for it in 1997 and owns and operates the Errol Equestrian Center there.
Murphy declined to comment Thursday on where she may be planning to relocate the full-service boarding and training facility for horses, or if the business will be closed permanently.
"We anticipate closing in early summer with construction to start probably in July," Wills said. "We'll build one model home and a few spec homes to start."
Avex is actively pursuing more land opportunities in Apopka and west Orange County, favoring sites of 20 acres or more with a particular interest in land suitable for townhome development, Wills said. The company has property currently under contract in the Narcoossee Road corridor in southeast Orange.
The homebuilder will break ground this month in Ocoee on Silve Star Road for the 43-lot Ocoee Reserve subdivision. Located west of Good Homes Road, those 42.5-foot-wide lots and homes should start in the low $200,000s, Wills said.
Avex should also begin construction this month in Winter Garden on a 12-lot infill site dubbed Dillard Pointe, north of Plant Street in the city's downtown.