The Real Deal Miami

DR Horton pays $2.85M for 14 acres in PB County approved for 54 houses

The seller, developer Brian Tuttle, had paid $1.65M to acquire the rezoned property near Palm Springs abut two months ago
December 01, 2018 11:35AM

Brian Tuttle (Credit: South Florida Business Journal)

Developer Brian Tuttle sold 14 acres in unincorporated Palm Beach County for $2.85 million to home builder DR Horton.

The 14 acres, located off Purdy Road near Palm Springs, is a rezoned property with site plan approval for construction of 54 houses.

Tuttle, who runs Tuttle Land Development, bought the land about two months ago for $1.65 million.

A spokeswoman for DR Horton told the Sun-Sentinel that construction is expected to start in the spring at the 14-acre site, which will be named Jaxon Park.

Prices are expected to range from $299,000 to $399,000 for houses with three to five bedrooms and 1,500 square feet to 2,500 square feet of interior space.

In September, Tuttle announced that he sold 30 acres in Lake Worth for $16.6 million to FCI Residential, an arm of sugar cane giant Florida Crystals, which plans to build as many as 362 apartments on the site at 8238 Lake Worth Road and 4444 Hooks Road. [Sun-Sentinel]Mike Seemuth