Homebuilder D.R. Horton is expanding its footprint in Apopka with the acquisition of Bridle Path, a 152-lot subdivision in the Kelly Park Road overlay.
The BurnBrae Companies, a real estate investment, development, and management company headquartered in Washington, D.C., assembled the 51-acre site and entitled the property last year, making Bridle Path one of the first single-family home community within the Kelly Park Interchange Form-Based Code area — a district created by city officials to help drive future development and economic activity to the city.
The once sparsely developed region is roughly halfway between the downtowns of Apopka and Mount Dora.
The purchasing entity, Forestar Real Estate Group paid $4.18 million for the project. Forestar is a land developer and holding company for D.R. Horton.
Land Advisors Organization’s Orlando team of Mike Ripley and Steve Flanagan acted as transaction brokers for the sale.
The approved site plan for Bridle Path shows a mix of 50- and 55-foot lots. Amenities include a pool and cabana.
The community will have road connections with a proposed 50-acre subdivision immediately to the south. Orlando Beltway Associates is seeking approval for 140 single-family homes and about 60 townhomes. The conceptual site plan shows a minimum lot width of 40 feet and 20 feet.
The developments are among the first to rise near the Kelly Park Road interchange — one of four interchanges opening in part of the $1.6 billion, 25-mile Wekiva Parkway project that will complete the beltway around northwest metropolitan Orlando.
The expressway was designed to provide an alternative to I-4, and relieve U.S. 441, S.R. 46 and other area roads of traffic congestion.