facebook
Traded Co logo
Submit
Daily limit: 0/10

Douglas C. Yearley Jr. Of Toll Brothers Acquires 20.9 Acre Development Site In Parkland For $19.5M

Property Image
SOLD
$19,500,000

Florida

See Similar Deals
Development Site
Sold 09/10/2025
the dealplayerscompscontact
Property Image
SOLD

Douglas C. Yearley Jr. Of Toll Brothers Acquires 20.9 Acre Development Site In Parkland For $19.5M

Development Site
Sold 09/10/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Sale

A 20.9-acre development site located on the west side of Nob Hill Road, north of Heron Bay Boulevard in Parkland, has been sold for $19,500,000. The property, a former golf course site, will be developed into Saltgrass at Heron Bay, a community featuring 52 luxury homes with pricing starting at $1.6 million. This acquisition supports the city-approved redevelopment plans for the area.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $19,500,000
  • Address: West side of Nob Hill Road, North of Heron Bay Boulevard
  • Market: Parkland
  • Acres: 20.9
  • Buyer: Douglas C. Yearley Jr. - Toll Brothers
  • Seller: City of Parkland

Douglas C. Yearley Jr. represents Toll Brothers in this transaction. The project is a significant aspect of Parkland's ongoing efforts to enhance the Heron Bay area as part of a broader vision for urban redevelopment.

Players

Dj
Toll Brothers
Douglas C. Yearley, jr.
7 deals$151.9M volume
BUYER

Details

SOLD
IMAGE: Douglas C. Yearley Jr. DATE: 09/10/2025 ADDRESS: West side of Nob Hill Road, North of Heron Bay Boulevard MARKET: Parkland ASSET TYPE: Development Site ~ ACRES: 20.9 BUYER: Douglas C. Yearley Jr. - Toll Brothers (@TollBrothers) SELLER: City of Parkland SALE PRICE: $19,500,000 NOTE: Toll Brothers acquired a 20.9-acre former golf course site in Parkland, FL, for $19.5M to develop Saltgrass at Heron Bay, a 52-home luxury community with prices starting at $1.6M. The project follows a city-approved plan and marks part of Parkland’s broader effort to redevelop Heron Bay land.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,039,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38