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.