PulteGroup Buys 83 Homesites at Palm Beach Gardens’ Avenir

PulteGroup scooped up 83 homesites at the Avenir master-planned community in Palm Beach Gardens.

The Atlanta-based homebuilder, through its DiVosta Homes brand, paid $8.3 million for the lots along Northbrook Circle and Hubbard Court, according to records. The homesites are next to Pulte’s Avondale at Avenir community, a 390-unit single-family home development.

The seller is Coral Gables-based Landstar Development Group, the master developer of Avenir. The firm is led by principals Rudy Stern, David Serviansky, Roberto Horwitz, Eduardo Stern, Bernard Eckstein and Rosa Eckstein Schechter.

The 4,800-acre Avenir is approved for the development of a total 3,900 residential units, mostly single-family homes; a 300-key hotel; 200,000 square feet for medical offices; 400,000 square feet of retail space; and a 2,400-acre nature preserve. It also has a Jack Nicklaus-designed residential golf community, called Panther National.

Avenir is on the northwest corner of Northlake and Coconut boulevards.

Pulte, led by CEO Ryan Marshall, has placed a hefty bet on Avenir, scooping up and developing several portions of the complex. In 2022, it bought 80 homesites for $8 million. Pulte also assembled the Avondale at Avenir development site in several deals, including paying $13.7 million for 98 Avondale lots in 2021.

Avenir has caught the eyes of multiple homebuilders. Delray Beach-based Kolter Group, through its Kolter Homes division, bought 481 homesites on the northwest corner of Avenir for $73.6 million in January. That came on the heels of Kolter’s $18.1 million purchase of 144 single-family home lots last year.

Also, West Palm Beach-based Kenco Communities dropped $17.9 million in December for 104 home lots at Avenir.