Brent Baker Of PulteGroup Acquires Development Site In Palm Beach Gardens For $40.3M

A development site in Palm Beach Gardens was acquired by DiVosta Homes, a subsidiary of PulteGroup, for a total of $40.3 million. The site includes 62 estate home lots located in the Avenir community, which is part of a larger 4,763-acre master plan. The new luxury community will feature homes with over 3,200 square feet of living space, with pricing starting in the low $2 millions, and sales are scheduled to begin in June.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $40,300,000
• Buyer: Brent Baker - PulteGroup - DiVosta Homes
• Location: Palm Beach Gardens
• Number of Lots: 62
• Community: Avenir
• Luxury Community Name: Orchid Isles at Avenir

Brent Baker represented PulteGroup in the transaction, facilitating the acquisition which marks the beginning of their new luxury development initiative within the Avenir master plan.