Pulte buys 69-acre site in Lake Worth

Land adds to 160 acres the home builder bought two years ago

May.May 03, 2018 10:30 AM

Gulfstream Polo Club, a rendering of The Fields clubhouse and Pulte’s Brent Baker

Pulte Homes picked up 69 acres of land near the former Gulfstream Polo Club in Lake Worth, adding to the 160 acres it purchased two years ago.

The $18.7 million deal includes surrounding privately owned horse farms near the intersection of Lake Worth Road and the Florida Turnpike. The land is part of the second phase of Pulte’s 920-home development called The Fields.

Phase two calls for single-family homes priced starting in the upper $300,000s and townhomes starting in the lower $300,000s. Construction will begin in 2019, Pulte division president Brent Baker said.

In 2016, Pulte paid $49 million for the roughly 160-acre former Gulfstream Polo Club. Together with this latest deal, the home builder spent $68 million on 230 acres in Lake Worth.

Atlantic Western Realty Corp. represented the sellers, most of whom hired the brokerage to list their properties in 2004. Atlantic Western also has about 70 acres of land under contract to sell to an undisclosed North American home builder.

Lennar Homes is also active in Lake Worth.

Related Articles

Brent Baker and a rendering of Oak Tree Golf Course

Pulte pays $31M for Oakland Park golf course

Gold Standard of Care’s CEO Michael Verbitsky and 6026 Old Congress Road

Gold Standard of Care sells senior housing facility in Lake Worth

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Savona Grand Apartments at 7045 Colony Club Drive, Greystar CEO Bob Faith

Apartment giant Greystar sells complex near Lake Worth for $48M