Pulte Homes has purchased an assemblage of land, many of the parcels having frontage on Lake Pickett, in east Orange County for a total of approximately 300 acres, paying a recorded $8.42 million in all.
The builder plans 224 homes similar to its product at nearby Lake Pickett Reserve developments, said Max Perlman, vice president of land acquisition for Pulte Group's north Florida division. Homes will be built on lots starting at a half-acre, with amenities including a boat ramp to the lake, which has no public boat-ramp access, as well as a pool and cabana.
Construction is expected to start in late 2019, Perlman said, about the time Estates at Lake Pickett is expected to close out. Entitlements are in place for the development.
"New opportunities for single-family homes in east Orange County market continue to be scarce," Perlman said. "This has uniqueness in its lot size, and the access to the lake. The area's got a lot of intangible appeal that people really like, and we want to continue to provide that."
The sellers were affiliates of Evans Groves Inc. and Benjamin F. Wheeler III.
The properties, mostly along the eastern shore of Lake Pickett, are comprised of two main parcels.
One at the southern end of the assemblage, approximately 92 acres, borders Lake Pickett Road east of Chuluota Road between TV Tower Road and Pulte-developed Lake Pickett Reserve.
At the northern end, approximately 136 acres nearly reach Fort Christmas Road and the county line.
Between the two major parcels, the remainder range from 30 acres to less than a tenth of an acre. One parcel with an existing home will not be redeveloped, Perlman said, with residents remaining in place.
The new development will outsize current plans at Lake Pickett Reserve, which began with 52 lots in 2015 -- and expanded a year later with 160 acres to the west in Estates at Lake Pickett Reserve, purchased for $8.2 million, for another 116 homes in two phases and a lakefront recreation center. Prices there begin in the mid $380s. Poulos & Bennett were civil engineers with Mills Design Group as landscape architect.