Home builder DR Horton has a contact to buy about 140 acres in Manatee County and plans to build 675 homes there.
DR Horton has a contract to buy about half of a 278-acre site from Solera Landco LLC, which bought the entire site for $9.85 million.
Solera got a $19 million loan from Trez Capital Corp. to finance the land acquisition and residential construction.
Solera will keep about half of the land for the residential development, called Solera at Lakewood Ranch.
About three acres of the 278-acre site will be allocated to such amenities as a playground and park, and another 141 acres remain open space.
The land is at 5010 Uihlein Road in the master-planned Lakewood Ranch development, located northwest of Sarasota.