Meritage buys subdivisions in Osceola, Polk counties – Silver Springs and Vistamar Villages
GrowthSpotter | Published June 25, 2020
Meritage Homes closed on subdivision purchases in Osceola and Polk counties recently, adding to an already prolific development record in the area.
In St. Cloud, Meritage paid $5.65 million for more than 60 acres brokered by a partnership between Sovereign Land Company and Keewin Real Property Company, both based in Winter Park; and Meritage paid $950,000 for 5.3 acres on S. Eagle Road, brokered by Clyde Wells of Maury L. Carter and Associates.
The Osceola properties are part of a 77-acre subdivision called Silver Springs. Meritage bought the property from Anderen Holdings LLC, according to property records.
The 298-home community on Jones Road at the intersection of Eagle Road has an approved Preliminary Subdivision Plan, and developers submitted a Site Development plan in late January.
The community would have four product types: 50- and 45-foot front loaded lots, 60-foot side loaded corner lots and rear-alley loaded bungalow lots. The plan by Appian Engineering would include an extension of Zuni Road through the length of the property.
Amenities include a large central park with soccer field, a pool and cabana with tot lot and various trails. Bonnett Design Group is the landscape architect.
In Polk County, Meritage paid $4.36 million for 40.3 acres in Davenport, buying the land from Polk County Land Partners (PCLP), according to a recently recorded deed. Vistamar Villages, previously known as Fox Run, is located on the edge of Reedy Creek and is situated at the intersection of SR 17-92 and Kinney Harmon Road.
Vistimar Villages will have five floor plans with prices starting at $254,990 and homes up to 2,631 square feet, according to the Meritage website.
Fox Run plans by St. Cloud-based civil engineer Askey Hughey submitted to Polk County in December show 251 lots for single-family homes to be developed in three phases. Final development approval was granted Dec. 31 and is valid through Dec. 31, 2022.
Meritage has several other communities in Polk County, including Orchard Terrace in Haines City, Lucerne Park Estates and Villamar in Winter Haven and Tuscan Meadows in Davenport.