With several housing projects already underway in Horizon West, Dream Finders Homes is looking to establish an even greater brand presence here with another large scale endeavor in the works in the master-planned community’s Village I.
An application was filed to Orange County seeking approval to mass grade 106 acres on the west side of Avalon Road in the Four Corners area of south Orange County shortly after the owners received approval for a Preliminary Subdivision Plan with 463 single-family homes and townhomes. The neighborhood is located on the Orange-Lake county line in the Accolades Planned Development of Horizon West’s Ovation Village.
According to county deed records, an entity titled MBB Grove, LLC purchased the land in January for $28 million — equal to $264,150 per acre.
The entity is affiliated with Miami-based land development company Milenio Development, records show. It’s led by Douglas Caraballo, who’s also the VP of land acquisitions with Atlanta-based build-to-rent developer Quinn Residences. Caraballo told GrowthSpotter the project is not associated with Quinn.
“The group that is developing the site is Dream Finders Homes,” he said. “We are just the consultants on the permitting process.”
Dream Finders Homes could not be reached for comment Friday.
Site plans submitted to Orange County call for 309 detached homes and 104 townhome units. Detached homes will be as tall as three stories with a minimum size of 1,000 square feet, while townhome units will rise as high as four stories with a minimum size of 1,000 square feet, according to site plans.
Detached homes will come with a minimum lot width of 32 feet and a minimum lot depth of 110 feet. Both the detached homes and townhomes will include garages.
Some of the housing assets will be situated along Lake Oliver, with setbacks of 50 feet from the lake. All of the residential units will be set back 15 feet from the front street, site plans show.
The project team consists of planning and engineering firm Poulos & Bennett and landscape architecture firm Bonnett Design Group. Bio-Tech Consulting, Inc. has been tabbed to handle the site’s environmental work.
The property — located just north of Irlo Bronson Memorial Highway, west of S.R. 429 and Disney theme parks — includes 10 acres of wetlands, leaving 105 acres developable.
Jacksonville-based Dream Finders Homes formed in 2008 and has quickly become one of the nation’s fastest-growing homebuilding companies.
It closed 6,126 homes in 2021, nearly doubling the number of sales in 2020 and moving it up seven spots to 17th on Builder Magazine’s Top 100 Builders list. DFH builds homes in Florida, Texas, North Carolina, South Carolina, Georgia, Colorado, Virginia and Maryland.
The homebuilder has been particularly active in the Horizon West market lately.
Dream Finders Homes currently has three separate subdivision projects underway as part of the proposed Silverleaf mixed-use development within the red-hot Hamlin development district, located west of Avalon Road.
The first DFH project in the Silverleaf area is expected to see completion by the first quarter of 2023. It’s for a community of 96 townhomes called Hamlin Ridge slated for a 11.3 acre parcel that runs along Avalon Road, north of Lake Ingraham.
On an adjacent 10 acres to the south, Dream Finders is planning to place another 53 detached single family homes.
Further south, on the other side of Lake Ingraham, on a 66.7 acre parcel, the home-builder has laid out its newest, largest project within the Silverleaf parameters: 294 homesites with a mix of detached dwellings and townhomes.
It sits adjacent to where Valencia College is set to build its new campus.
The company has recently submitted development plans for a 184-lot single-family home subdivision at 5859 Avalon Road. The lots will be a minimum of 40 feet wide.
Just a short distance away, Dream Finders Homes is building out its 177-lot Wincey Groves at Hamlin residential community, located northwest of New Independence Parkway and Avalon Road. Dream Finders Homes is also behind the 151-lot Lakeside at Hamlin neighborhood that launched in the summer of 2021.
The surge in residential growth in Horizon West prompted the Orange County School District to build a new elementary school and middle school combo on land just west of where Dream Finders is planning a townhome community.
The new schools, Hamlin Elementary and Hamlin Middle School, are intended to relieve overcrowding at Whispering Oak and Water Spring elementary schools and Bridgewater Middle School.
According to school district data, Water Spring’s enrollment has climbed from 973 students in 2019 —when the school opened — to 1,179 this school year, and increase of 21 percent. If a new school wasn’t built, the school’s enrollment is projected to have reached 2,660 by 2032, a 72 % increase.