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Charlotte-Lee-Collier
Business Observer Friday, Apr. 22, 2011 9 years ago

Homebuilder D.R. Horton buys Willow Chase lots

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Homebuilder D.R. Horton Inc. purchased 21 home lots in the Willow Chase subdivision for $1.05 million. The price equated to $50,000 per lot.

BUYER: D.R. Horton Inc., Deerfield Beach


SELLER: WCP Lots LLC


PROPERTY: lots 23, 24, 26, 28-30, 44, 47, 49, 50, 51, 72-79, 134 and 147 Willow Chase, east of Interstate 75 and north of Laurel Road East, Nokomis


PRICE: $1.05 million


PREVIOUS PRICE: $2.36 million, December 2010 (included multiple parcels)


LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota


PLANS, DESCRIPTION: Homebuilder D.R. Horton Inc. purchased 21 home lots in the Willow Chase subdivision for $1.05 million. The price equated to $50,000 per lot.


The community, originally developed by Lee Wetherington Homes, already contains more than 40 single-family homes.


“It's five miles from the beach in a gated, well-maintained community,” says Ruth Brown a sales consultant for D.R. Horton. “I believe there are a total of 90 lots still to be built out there, and we have right of first refusal on the rest.” Homes in the development will start at $225,000.

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