In one of the costly land offers in Polk County historical past, Pulte has locked down the positioning for its fifth trip residence resort neighborhood and can begin building within the subsequent 30 days.
Pulte paid $51.8 million in money final week for the 288-acre web site on the intersection of U.S. 17-92 and Ernie Caldwell Boulevard, in line with a report in GrowthSpotter. Melissa Rodriguez, with RockMel Investments, represented the vendor, Commonplace Sand & Silica.
All the Standand Sand & Silica land holdings have been annexed into the Metropolis of Davenport in Oct. 2024 as a part of a 1,600-acre enlargement that prolonged town limits over 2 miles north to the boundaries of Windfall. The 15-parcel assemblage has been within the Carnes household since 1949 and was beforehand used for citrus farming and sand mining operations. It has since been rezoned to a Deliberate Unit Growth that may convey 1000’s of recent houses and flats, in addition to industrial growth and industrial makes use of, to the long-vacant land.
This land was by no means available on the market. Pulte approached the Carnes household straight to purchase the 288 acres, in line with Rodriguez.
“This can be a document sale for my profession, which I’ve been doing for over 20 years, and this can be a document sale for being priced at about $180,000 per acre. I haven’t seen something residential promote for this value level,” Rodriguez stated. “This deal has been within the works for over two years. This can be a nice sale, I feel Mr. Carnes can be completely satisfied if he have been nonetheless alive.”
The following-closest land deal can be Richland Communities’ $50 million acquisition of the previous 5R Ranch close to Lake Wales in late 2024, however that deal lined over 4,000 acres.
Pulte, the nation’s third-largest homebuilder, owns a parcel that’s entitled for 1,050 townhomes and single-family trip houses. The grasp plan requires indifferent houses on 50-foot tons (355) and 40-foot tons (349). There will even be about 350 townhomes.
This neighborhood shall be considerably much like Pulte’s lively Windsor Cay neighborhood in Clermont and related additionally to the lately constructed Windsor Ridge, Windsor Island Resort and Windsor at Westside, stated Max Perlman, VP of land acquisitions.
“This neighborhood would be the subsequent giant trip resort constructed by Pulte, a enterprise that Pulte has been working in persistently for over 10 years,” Perlman stated. “It is extremely troublesome to search out alternatives for short-term rental, with tasks needing to be eligible for the precise zoning that enables the use, be inside an affordable driving distance to Walt Disney World, Common, and the Orlando sights, and have the size to permit the constructing of considerable facilities which can be wanted for a trip residence resort. The chance on the Commonplace Sand & Silica property met all these standards, and we’re very enthusiastic about what’s to return.”
Perlman states that there are only a few new resort residential communities being developed within the Orlando space resulting from strict standards. Nevertheless, Pulte believes that Davenport gives every little thing their patrons are searching for, together with proximity to the parks, quick access, and a variety of important providers, similar to buying, eating and different conveniences.
The resort will embrace substantial facilities, which embrace a big clubhouse with an onsite bar and grill, health heart and gaming lounge. A typical Pulte resort neighborhood additionally options swimming pools and waterslides, a lazy river, rental cabanas, a splash pad, mini golf, cornhole and seaside volleyball.
This undertaking will create a number of jobs for residents along with the influence on the native homebuilding market and the everyday trades that profit from these kind of developments, roofers, electricians, plumbers and extra, Perlman stated.
As a trip resort, there shall be no full-time residents residing in the neighborhood, and subsequently could have no influence on native faculties.
From a timeline standpoint, land growth will start in February, with fashions anticipated to start in late 2026 and manufacturing houses starting in early 2027. Pulte will use each in-house building groups and subcontractors, according to all of its developments in Central Florida.
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