SOLD
Ryan Marshall Acquires Development Site In Lake Worth For $22M
9584 Lake Worth Road
Development Site
Sold 30 days ago
Summary
Sale
FLORIDA
Development Site
The Development Site spanning 36.5 acres located at 9584 Lake Worth Road in Lake Worth has been sold for $22 million. The property was acquired by PulteGroup with plans to develop 108 single-family homes, with prices starting at $700,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $22,000,000
- Buyer: Ryan Marshall - PulteGroup
- Seller: Sellers Charlotte & C.W. Hendrix
- Market: Lake Worth
- Acres: 36.5
- Address: 9584 Lake Worth Road
Ryan Marshall, the CEO of PulteGroup, led the acquisition of the property, marking the firm's continued expansion strategy in Lake Worth Beach. The sellers, Charlotte and C.W. Hendrix, had initially purchased the land as former agricultural land for $1.6 million in 1998. PulteGroup's purchase adds to their growing portfolio in the area.
Details
SOLD
IMAGE: Ryan Marshall
DATE: 04/09/2024
ADDRESS: 9584 Lake Worth Road
MARKET: Lake Worth
ASSET TYPE: Development Site ~ ACRES: 36.5
BUYER: Ryan Marshall - PulteGroup
SELLER: Sellers Charlotte & C.W. Hendrix
SALE PRICE: $22,000,000
NOTE: PulteGroup, led by CEO Ryan Marshall, has purchased 36.5 acres near Lake Worth Beach for $22 million, intending to develop 108 single-family homes through its Divosta Homes division, with houses priced starting at $700,000. The acquisition adds to PulteGroup's bullish outlook on Lake Worth Beach, having acquired multiple sites in the area recently, including plans for another DiVosta community called Greyhawk and Everton, a 210-townhome project, as part of the firm's expansion strategy. Records indicate that the sellers, Charlotte and C.W. Hendrix, had purchased the former agricultural land for $1.6 million in 1998.View on map
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Address9584 Lake Worth Road
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