Winter Garden’s Newest Gated Subdivision To Be Built By M/I Homes

by Victor Nawrocki | May 31, 2021 | News & Updates

In Tilden Place at Winter Garden, a gated community located between Winter Garden Vineland Road and County Road 429, M/I Homes began developing 55 homesites.

The two parcels of land are opposite Emerald Ridge and West Orange Country Club and consist of 28.3 acres in total. Last November, M/I Homes paid almost $4.7 million for the two parcels. David Byrnes, Area President for M/I Homes, says that new construction homes backing to private conservation areas and with pond views will become available for sale in June on Tilden Road, one of the last opportunities for home buyers.

“We’re building two distinct product lines in Tilden Place at Winter Garden, with prices from the mid $400,000s to high $700,000s,” Byrnes said. “We offer spacious, flexible floor plans, as well as numerous decor options and exterior features. And, we provide peace of mind in the form of a 15-year transferable structural warranty.”

A variety of M/I Homes’ Grand Series floor plans ranging from 2,818 square feet to over 4,500 square feet will be available to buyers across 80-foot wide homesites. Each plan features three to six bedrooms, three to four baths, and either three or four-car garages. There are 15 of the large lot sizes.

There will be six different models in the Eco Series, which are available from 1,857 square feet up to 4,350 square feet, and are comprised of 3 to 5 bedrooms, 2 to 4 baths, and two- and three-car tandem garages located on  50-foot-wide lots.

The builder offers an array of single-story floor plans that include optional bonus rooms, and buyers can choose whether the owner’s suite is on the first or second floor in some two-story plans, Byrnes said. “Or, you can build your dream home with two full owners’ suites.”

“The architectural style here is a combination of craftsman and traditional Florida design,” Byrnes said, adding that multiple elevations offer front porches, and spacious lanais and balconies.

A playfield, a picnic pavilion, a playground, and a dog park are included in the amenity package.

There are currently ten active M/I communities in Central Florida as well as a 206-lot subdivision within Osceola County that was recently purchased. Bay Lake Farms, which is adjacent to D.R. Horton’s Harmony West, will be constructed in June as well.

It had a record-breaking first quarter of this year with $3 billion in total revenue, despite operating in 15 markets across 10 states. M/I has been active in the market for 13 years and is active in 15 markets across 10 states. With nearly 5,500 units in backlog, the company sold $2.4 billion in units across all markets in the first quarter. In 2020, the average sale price of backlog units will be $433,000, up from $399,000 in 2019.

The company’s quarterly revenue increased 43% to $828.8 million, and the number of contracts increased 49% over last year.

Horizon West: Taylor Morrison Expands Presence with an $18.8 Million Purchase

by Victor Nawrocki | May 15, 2021 | News & Updates

Taylor Morrison, one of the nation’s largest homebuilders, has purchased a spot in Village I on Horizon West for $18.8 million.

Taylor Morrison, one of the nation’s largest production builders, just paid $18.78 million for a subdivision called Harvest at Ovation near Disney. The acquisition includes 285 single-family home lots and 161 townhomes on 90 acres along Hartzog Road east of Avalon Road and the Orlando International Airport

Taylor Morrison has agreed to buy a position in Horizon West that is currently awaiting approval. The site provides for 814 homes within the Withers Planned Development and two separate school sites. Taylor Morrison will join Toll Brothers, which purchased 368 single-family and townhouse sites in Horizon West at Ovation through a $14.76 million land-banking arrangement early this year. Construction on the production center and model homes will start next spring, and sales are anticipated to launch this summer.

After the recent acquisition of property in neighboring Horizon West, Taylor Morrison now owns 128 acres through joint ventures with Pulte and Del Webb..

Taylor Morrison paid $18.8 million in a purchase of 49 acres from a joint venture of Columnar Investments and Oakview Capital Management, which has been approved for an updated Land Use Plan.

Arizona-based homebuilder Taylor Morrison has paid $18.8 million for an additional position in Horizon West, where it is active in the Hamlin section and has two communities: Enclave at Hamlin (nearly sold out) and Overlook at Hamlin. Taylor Morrison offers a variety of floor plans to suit any lifestyle, including urban cottage styles on 32-foot lots and executive homes on 85-foot waterfront lots. Prices start from the high $600,000s.

Taylor Morrison has agreed to spend $18.8 million for an additional piece of land in North Florida, where it plans to put the Village I development. Taylor Morrison is expanding its position in Horizon West, which when completed could accommodate roughly 2,500 single-family homes and 300 units of multifamily housing.

TMH currently has 12 active communities underway in Central Florida, none of which offer townhomes. With the Woodland Park development now sold out, we expect TMH to focus on providing more units at other smaller developments.The company has three new townhouse projects in development in Polk County and another outside of Ponte Vedra.

Taylor Morrison has paid $18.8 million for a 70% stake in Horizon West, making the investment to prepare itself for its largest project in the market, Solivita Grand near Poinciana. Solivita Grand is approved for over 6,000 residential units..