The Real Deal Miami

Pulte Homes buys Woodmont Country Club site for $10.2M

Single-family homes will range from 2,400 sf to 3,320 sf, starting in the $400,000s
June 08, 2017 05:15PM

Rendering of the project. (Inset: Brent Baker)

Prominent homebuilder Pulte Homes just bought 44 acres in Tamarac for $10.2 million.

The Atlanta-based company purchased lots for 152 single-family homes at 7801 Northwest 80th Avenue within the Woodmont Country Club. It plans to build on nine of the golf club’s 18 holes.

The homes will range from 2,400 square feet to 3,320 square feet and will be priced starting in the $400,000s, according to a release.

Brent Baker, president of Pulte’s Southeast Florida division, said in the release that affordable homes are experiencing “tremendous demand” in Broward. “There are many local families seeking to relocate to Broward for the schools, housing opportunities and overall quality of life. Interest is also strong beyond the local market,” Baker said.

Keyes Company president Mike Pappas said last month at a new development showcase that the single-family home market under $500,000 is in demand, citing robust interest for such homes and a sharp decline in foreclosed and distressed properties.

Pulte said in the release that land development will begin this month. Construction of the sales center and model homes are set to begin in late fall. They’ll be move-in ready as early as spring of next year.

At an Urban Land Institute event in March, officials of some Broward cities cited the advantages of real estate development in the county. In Hollywood and Dania Beach, more than $1 billion worth of projects are in the works. Hollywood Mayor Josh Levy said Broward has “plenty of land for development and redevelopment.”

As for Pulte Homes, this isn’t its first time acquiring golf course land. Last year, the company announced sales launches for 645 homes and townhouses at the Parkview at Hillcrest community golf course in Hollywood.

Pulte Homes also recently paid $5.1 million for a former radio tower site in suburban Palm Springs, where it plans to build 164 townhouses. — Amanda Rabines