The Real Deal Miami

Boca Raton housing development almost full

Development was purchased by Toll Brothers in 2010
February 13, 2015 03:45PM

Azura development near Boca Raton

Azura development near Boca Raton

The Azura housing development north of Boca Raton has been almost sold out by the Toll Brothers, a luxury home-builder based out of Horsham, Pennsylvania.

The 85-home development was bought for $5.1 million by Toll Brothers in 2010, after Regions Bank foreclosed on the site with previous developer Gordon Homes. The site was mostly unfinished when the Toll Brothers purchased it.

Now, home prices start at $900,000 and go to $1.3 million, the Sun-Sentinel reported. One lot and a model home are all that’s still up for sale.

The Toll Brothers is working on another housing development next to Azura called Royal Palm Polo. Sales of the 223-home site began in December. [Sun-Sentinel]Sean Stewart-Muniz