Meritage Homes starts construction of 59-home development in Lake Worth

The Arizona-based builder will build homes priced at about $350,000 and ranging in size from 1,708 to 2,819 square feet

Miami /
Aug.August 19, 2018 01:05 PM

Lake Cove model home under construction in Lake Worth (Credit: Kevin D. Thompson | The Palm Beach Post)

Meritage Homes has started construction of a 12-acre residential development in Lake Worth with 59 houses the first development of its kind in Lake Worth in more than a decade.

Scottsdale, Arizona-based Meritage expects to finish building the $16 million development, called Lake Cove, within 18 months. Construction of a model home is expected to conclude in early fall.

The houses will range in size from 1,708 to 2,819 square feet and will be priced at about $350,000.

Lake Cove has more than 300 prospective buyers, Justin Cook, vice president of the South Florida division of Meritage Homes, said Friday at a groundbreaking ceremony for the project.

Lake Cove is the city’s first development of a community of single-family homes in more than 10 years, according to Lake Worth Mayor Pam Triolo.

Other housing developments under construction in Lake Worth include The One, a 14-story condominium, and Golden Roads, a 189-unit apartment complex. [Palm Beach Post] – Mike Seemuth


Related Articles

arrow_forward_ios
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
5500, 5516 and 5940 South State Road 7 (JLL)
JV led by Plantation-based investors buys Lake Worth shopping plaza for $15M
JV led by Plantation-based investors buys Lake Worth shopping plaza for $15M
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
Current Capital Management’s Todd Nepola and the shopping centers at 2845 North Military Trail in West Palm Beach and 6651 Lake Worth Road in Lake Worth (Todd Nepola)
Todd Nepola buys a pair of Palm Beach County shopping centers for $13M
Todd Nepola buys a pair of Palm Beach County shopping centers for $13M
Vroom boom: Bomnin Automotive pays $7M for 5 acres in Kendall
Vroom boom: Bomnin Automotive pays $7M for 5 acres in Kendall
Vroom boom: Bomnin Automotive pays $7M for 5 acres in Kendall
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
arrow_forward_ios

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

Loading...