Toll Brothers wants to expand its presence in a growing area of Seminole County.
The homebuilder, which bills itself as the nation’s leader in luxury homes, is seeking to add 22.6 acres to the Riverside Oaks PD, located north of the Celery Avenue and N. Beardall Avenue intersection.
Nicola McLean, a spokeswoman for Toll Brothers’ local division, said the expansion would enable the company to add 60 home sites to its 125-lot Riverside Oaks community near downtown Sanford.
Toll Brothers Division President Brock Fanning said the first phase of the community recently launched sales as site work nears completion. The homebuilder more recently won approvals to add a boat ramp as an amenity within the community.
“The boat ramp is something a lot of people don’t have [in the area],” Fanning said. He adds the community is being designed in a way to preserve the natural shrubbery around St. Johns River, while encouraging a waterside lifestyle.
A walking trail will connect the community clubhouse to the St. Johns River, Fanning said. Certain homes within the community also feature tandem garages for space large enough to store boats.
“We’re really happy with the buyers and interest in Sanford,” he said. “Being close to the St. Johns River and downtown Sanford is a plus.”
Toll Brothers paid a little more than $3.1 million for the Riverside Oaks subdivision in 2019. The seller, Colonial Semoran Investments LLC, was led by land developers Sadique Jaffer and Bobby Luthra of Orlando-based Property Investment Brokers.
Currently, Riverside Oaks spans about 65 acres on the northwest corner of Celery Avenue and McLain Avenue. The additional 22.6 acres are east of McLain Avenue and are owned by Richard Lindsay and Patricia Allen.
Of the total expansion site, about 19.5 acres are considered developable. A conceptual site plan shows the homebuilder is planning a mix of 50-foot and 60-foot wide lots. Geoff Summitt, president at GL Summitt Engineering Inc., is the civil engineer.
Prices for homes built in the community range from the low $400,000s and upper $400,000s. Sizes range from 2,080 square feet to over 3,100 square feet.
Amenities include a community clubhouse with a swimming pool and access to a recreational trail that abuts waterways that link to the to St. Johns River to the north of the community. A site plan for the expansion features an additional 0.8-acre park along Celery Avenue.
Riverside Oaks is one of the first couple communities Toll Brothers built in the area, in addition to its 70-lot Parkview Place community near the Orlando Sanford International Airport. Fanning said the company expects to sell its last home site in Parkview Place in October. Prices in that community ranged from $350,000 to $400,000.
The homebuilder joins other residential development companies that are actively assembling or building communities throughout east Seminole County.
Nearby its Riverside Oaks neighborhood, Longwood-based American Development & Construction Inc. is assembling about 100 acres of riverfront agricultural land with plans to develop a new residential subdivision.
Across from Riverside Oaks, on the south side of Celery Avenue, D.R. Horton is building an active adult residential community called Rosecrest, which will contain about 140 single-family homes once complete. The homes are part of a 653-lot Riverbend residential development east of downtown Sanford.
In 2017, D.R. Horton bought the first 186 lots within Riverbend from Dwight Saathoff’s Project Finance & Development.