D.R. Horton Acquires 16.5 Acre Palm Beach Gardens Development Site For $9.35M

D.R. Horton, the national homebuilder, has acquired a development site in Palm Beach Gardens for $9.35 million. The 16.5-acre property located at Northlake Boulevard & Bay Hill Drive will be used for the Vintage Oaks townhouse project, which will consist of 111 townhouses and various amenities. The site was previously owned by Northlake 20 LLC.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $9,350,000
• Address: Northlake Boulevard & Bay Hill Drive
• Market: Palm Beach Gardens
• Buyer: D.R. Horton - Paul Romanowski
• Seller: Northlake 20 LLC - Carlo Aldo Basile
• Acres: 16.5

D.R. Horton, with the representation of Paul Romanowski, made the purchase for the development site from Northlake 20 LLC, represented by Carlo Aldo Basile. The Vintage Oaks townhouse project will offer a desirable living space in Palm Beach Gardens, adding to D.R. Horton's portfolio of residential developments.