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

Property Image
SOLD
$9,350,000

Virginia

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Development Site
Sold 11/25/2023
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Property Image
SOLD

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

Development Site
Sold 11/25/2023
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Sale

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.

Players

PR
Paul J. Romanowski
2 deals$29.7M volume
BUYER

Details

SOLD
IMAGE: 11/25/2023 ADDRESS: Northlake Boulevard & Bay Hill Drive MARKET: Palm Beach Gardens ASSET TYPE: Development Site ~ ACRES: 16.5 BUYER: D.R. Horton (@DRHorton) - Paul Romanowski SELLER: Northlake 20 LLC - Carlo Aldo Basile SALE PRICE: $9,350,000 NOTE: D.R. Horton, the national homebuilder, purchased a Palm Beach Gardens development site for $9.35 million east of Avenir. The 16.5-acre property, formerly owned by Northlake 20 LLC, is earmarked for the Vintage Oaks townhouse project, comprising 111 townhouses and amenities.

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