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Heron Bay Boulevard

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

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

$19,500,000

Building Size

Asset Type

Development Site

Closing

Sep 10, 2025

AI

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

Douglas C. Yearley, jr.

Toll Brothers

Buyer

$151.9M

vol

7 deals

Buyer

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93