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..

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