The Real Deal Miami

GL sells 60 homes in 6 weeks at Dakota in Delray

Sunrise-based GL Homes has raised prices by $15,000 since launching sales at Dakota
April 30, 2017 09:10AM

Rendering of a home at GL Homes’ Dakota development in Delray Beach

Sunrise-based home builder GL Homes sold 60 single-family homes in six weeks at its Dakota residential development in west Delray Beach.

Marcie DePlaza, chief operating officer of GL, told the Sun-Sentinel the pace of pre-construction sales at the 387-home development “exceptional.”

Strong demand for Dakota homes has led GL to raise prices by $15,000 since the company launched pre-construction sales March 11. Prices start at $449,900 and range as high as $579,900.

DePlaza also told the Sun-Sentinel that some of the buyers at Dakota have parents who reside at GL’s nearby Valencia communities for “active adults.”

Buyers also include empty-nest couples seeking a smaller house at Dakota, located on the southeast corner of State Road 7 and Atlantic Avenue in Delray Beach.

GL expects to open model homes at Dakota in fall and move-ins to start in early 2018.

The privately held home builder closed on the sale of 666 single-family homes last year while starting construction of 732, according to the housing research firm Metrostudy.

 GL also started pre-construction sales March 4 for its 57-home Berkeley development in west Boca Raton but has sold only four so far. DePlaza told the Sun-Sentinel that GL expected Berkeley to sell more slowly than Dakota because Berkley prices are higher, starting at $865,900 and ranging up to $1.1 million. [Sun-Sentinel] Mike Seemuth