SOLD
Lennar Acquires Former Equestrian Site In Lake Worth For $48.9M
7563 South State Road
Development Site
Sold 311 days ago
Summary
Sale
FLORIDA
Development Site
Lennar has purchased a former equestrian site in Lake Worth for $48.9 million and intends to redevelop it into 166 single-family homes. The property, located at 7563 South State Road, spans across 105.6 acres. The sale took place on 08/11/2023 and the seller was Zuckerman Homes. The market for this transaction was Lake Worth.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $48,900,000
- Address: 7563 South State Road
- Market: Lake Worth
- ACRES: 105.6
Stuart Miller from Lennar represented the buyer in this deal. The previous owner of the property, Zuckerman Homes, had acquired the land last year for $15 million. It is worth noting that the redevelopment plans for this site received approval from Lake Worth Beach earlier this year.
Details
SOLD
IMAGE: Stuart Miller
DATE: 08/11/2023
ADDRESS: 7563 South State Road
MARKET: Lake Worth
ASSET TYPE: Development Site ~ ACRES: 105.6
BUYER: Lennar (@LennarHomes) - Stuart Miller
SELLER: Zuckerman Homes
SALE PRICE: $48,900,000
NOTE: Lennar has purchased a former equestrian site in Lake Worth for $48.9 million and intends to redevelop it into 166 single-family homes. The property's previous owner, Zuckerman Homes, acquired the land for $15 million last year, and the redevelopment received approval from Lake Worth Beach earlier this year.View on map
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Address7563 South State Road
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