The demand for residential property in South Florida continues as new residents continue to move into the area. As builders strive to keep pace with the demand for new construction homes, some have been able to locate undeveloped parcels. Recently, nationally-recognized developer Pulte Homes announced that it is planning a new residential construction project in Palm Beach County. Here is more on this highly-anticipated housing development.
Pulte Homes in Palm Beach
Well-known Atlanta-based developer PulteGroup Inc. recently announced its plans to build 100 new homes in Palm Beach County. This information comes on the heels of news that the builder paid $9 million for 31 acres of land situated Northeast of State Road 7 between Lake Worth Road and Lantana Road east of Wellington.
The new community will be called Windsong Estates. Pulte plans to build 32 large homes and 61 smaller sized single-family houses in the neighborhood. The community will also have seven townhomes. Floor plans for the properties will offer square footage ranging from 1,800 square feet to 2,800 square feet. Sales will open during the summer of 2021, with prices starting in the low $500,000s.
According to a recent report, Windsong Estates will be part of Pulte’s DiVosta brand. The DiVosta brand focuses on building luxury properties in high-end, sought-after communities, and providing desirable amenities such as workout spaces, extra storage areas, spacious floorplans, and large home offices. As homeowners gravitate away from crowded areas such as gyms and offices, the demand for residential work and exercise spaces has increased. The builder’s designs seek to accommodate the changing lifestyle needs of today’s buyers. Windsong will be near another DiVosta community, The Fields, which is located near Florida’s Turnpike.
The demand for single-family homes has been fueled by a combination of factors such as buyers taking advantage of historically low-interest rates, city dwellers moving away from urban centers, employees transitioning to work-at-home, and new residents coming to Florida for work opportunities and lower taxes.
Brent Baker, president of PulteGroup’s southeast region, commented that the builder “felt the timing was right to introduce a new boutique community to the area and build off the success we have enjoyed so far at The Fields.” “The pandemic is driving more people to buy single-family homes in less urbanized areas, and we fully expect that trend to continue for the foreseeable future.”
According to a recent report, demand for single-family homes in Palm Beach County continues to outpace supply, and prices are increasing. With the lack of available land, Pulte’s recent acquisition is a win for the builder, and Windsong is anticipated to be popular with area buyers.
At Rabideau Klein, we have extensive experience handling multi-million-dollar transactions for high-end real estate in Palm Beach County. David E. Klein, Esq. and Guy Rabideau, Esq. are Florida Board-Certified Real Estate attorneys with the expertise and local knowledge you need to assist you in managing your Palm Beach residential and commercial real estate issues. Contact Rabideau Klein today to discuss your real estate legal needs.