Pulte plans at least 137 homes at Babcock Ranch

The Atlanta-based builder and Miami-based Lennar will construct the lowest-priced homes at the 18,000-acre, solar-powered development

Miami /
Oct.October 15, 2017 01:00 PM

Atlanta-based home builder PulteGroup plans to build at least 137 houses at Babcock Ranch, a master-planned development near Fort Myers that will run mainly on solar power.

Pulte and Miami-based Lennar Corp. will build the lowest-priced houses at Babcock Ranch, an 18,000-acre development in Lee County that will draw electricity from a 440-acre photovoltaic power plant built by Florida Power & Light.

In a section of the development called Parkside, Pulte plans to build 131 houses priced in the low- and mid-$200,000s. The one- and two-story houses will range in size from 1,671 square feet to 3,222 square feet.

In another section of Babcock Ranch called Lake Timber, Pulte plans to build at least six one- and two-story houses ranging in size from 1,758 square feet to 3,293 square feet and priced in the upper $200,000s.

Lennar plans to build twin-villa homes priced at about $180,000 and single-family homes with prices starting in the $220,000s. The twin-villa homes will be 1,417 square feet to 1,564 square feet in size, and they will have two or three bedrooms and two-car garages.

The company behind Babcock Ranch, Palm Beach Gardens-based Kitson & Partners, led by developer Sydney Kitson, began site preparation work in November of last year.

Kitson & Partners bought a 91,000-acre ranch in Lee County from the Babcock family in 2006 and subsequently sold 73,000 acres to the state as a natural preserve, retaining 18,000 acres for the Babcock Ranch development, which was slowed by the housing market downturn in the late 2000s.


Related Articles

arrow_forward_ios
Enclave at Plantation at 100 South Hiatus Road in Broward County (Lennar, Lennar Architecturals, Illustration by The Real Deal with Getty)
Lennar gets green light to build 40 single-family homes in Plantation
Lennar gets green light to build 40 single-family homes in Plantation
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Lennar's Eric Feder with 4042 Island Estates Drive (The Carroll Group, Lennar)
Lennar’s Eric Feder sells waterfront Island Estates home in Aventura for record $12M
Lennar’s Eric Feder sells waterfront Island Estates home in Aventura for record $12M
Lennar’s Stuart Miller (Lennar, iStock)
Lennar proposes 1,335 homes and revamped golf course in Homestead’s Keys Gate
Lennar proposes 1,335 homes and revamped golf course in Homestead’s Keys Gate
 Lennar's Stuart Miller with the Southern Boulevard (Google Maps)
Lennar pays $190M for remainder of Arden homesites near Wellington
Lennar pays $190M for remainder of Arden homesites near Wellington
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...