Toll Brothers plans single-family community in Southwest Ranches

Miami /
Mar.March 06, 2018 11:35 AM

Rendering of home and Fred Pfister (Credit: Toll Brothers)

Toll Brothers just locked in about 36 acres of land in Southwest Ranches, where it plans to build 18 luxury homes as part of a new community called Rolling Oaks Estates.

The one- and two-story homes in the community on Southwest 58th Street, just west of Southwest 178th Avenue, will start at about 4,300 square feet to 6,900 square feet. Each home will sit on 2 acres of land, according to a press release.

Fred Pfister of Toll Brothers’ Florida East Division said prices for homes have not yet been determined. He said the houses are geared towards working professional couples, as well as families that might commute to Fort Lauderdale and Miami. Sales will be handled in-house and are expected to launch over the summer.

Records show an affiliate of Toll Brothers paid nearly $4.7 million for the site which holds 18 vacant lots. Pfister said the property used to be a nursery. The seller, 200 Leucadendra LLC, led by Albert Maury, provided the Pennsylvania-based company with about $3 million of seller financing.

Construction of the homes will be self-financed, according to Pfister. Each home will include a gourmet kitchen, master suite, home automation services and clean energy efficiency features.

Rolling Oaks Estates is just west of I-75 and south of Griffin Road, near Sawgrass Mills and the Shops at Pembroke Gardens.

Homebuilders Ellish Builders and the Spear Group also recently announced the delivery of the luxury home community Reserve at the Ranches, where home prices start at $2 million.

Southwest Ranches has been home to a number of athletes and celebrities like Dwayne “The Rock” Johnson, Cleveland Browns’ Karlos Dansby, and NFL cornerback Asante Samuel.


Related Articles

arrow_forward_ios
Derek Jeter and his Tampa mansion (Getty, Smith & Associates Real Estate/Luxury Portfolio International)
Jeter sells waterfront Tampa estate for record $23M
Jeter sells waterfront Tampa estate for record $23M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
Toll Brothers CEO Doug Yearley Jr. (Toll Brothers)
Toll Brothers launches sales at new luxury community in Davie
Toll Brothers launches sales at new luxury community in Davie
Palazzo Della Luna at 6800 Fisher Island Drive (Photo via Palazzo Della Luna)
Miami-Dade weekly condo sales, dollar volume up at year-end
Miami-Dade weekly condo sales, dollar volume up at year-end
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
arrow_forward_ios

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

Loading...