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
Benjamin Butcher with 4268 Westroads Drive in Riviera Beach (left) and 2230 and 2269 North Fourth Avenue and 3600 23rd Avenue South in Lake Worth Beach (Google Maps)

STAG pays $32M for Palm Beach County industrial properties

STAG pays $32M for Palm Beach County industrial properties
Laurent Morali and Charles Kushner (iStock)

Kushner buying sites near Delray Beach, Lake Worth for industrial and mixed-use projects

Kushner buying sites near Delray Beach, Lake Worth for industrial and mixed-use projects
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
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)

Kate Ford’s Palm Beach estate sells for $55M

Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Brent Baker and a  rendering of 5024 South State Road 7 (DiVosta, iStock)

Pulte buys 31 acres in Lake Worth, plans housing community

Pulte buys 31 acres in Lake Worth, plans housing community
2290 and 2328 10th Avenue N, Lake Worth

Lake Worth Beach office buildings sell for $11M

Lake Worth Beach office buildings sell for $11M
From left: A rendering of Deco Green and developer Ricardo Hernandez, and a rendering of Element with developer Norman Weinstein (Credit: Dominick Ranieri Architect and Rosemurgy Properties)

Lake Worth Beach CRA approves two apartment complexes

Lake Worth Beach CRA approves two apartment complexes
arrow_forward_ios

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

Loading...