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Business Observer Friday, Jun. 21, 2019 1 year ago

Master-planned lakefront development opens ninth neighborhood

D.R. Horton will build homes in Sutton Cay at 688-acre Naples Reserve starting at $434,000.

NAPLES —National homebuilder D.R. Horton has opened the ninth neighborhood in Naples Reserve, iStar’s 688-acre community in south Naples. Horton will build homes in the 101-lot Sutton Cay, ranging 2,034 to 3,150 square feet with options for views of nature preserve or the community’s centerpiece Eagle Lake. Homes are priced from $433,990. 

 Naples Reserve was created among 22 lakes, which provide opportunities for using the community’s hydrobikes as well as kayaking, canoeing, paddle boarding and scenic vistas. The 125-acre Eagle Lake features a large tiki hut on Kontiki Island, in addition to a mile-long rowing lane nestled against the Picayune Strand State Forest, a 76,000-acre state park with protected pine lands, cypress swamps, marshes and wildlife.

With home prices from the $300,000s to more than $1 million, Naples Reserve offers 18 decorated models from builders Ashton Woods, D.R. Horton, Florida Lifestyle Homes, KTS Homes, Lundstrom Development, Marvin Development, McGarvey Custom Homes and Stock Signature Homes. 

Since 1993, iStar has financed and invested in more than $10 billion of residential projects, making it one of the largest investors in luxury condominium, multifamily and master-planned residential developments in the U.S. Its portfolio has included interests in more than 18,000 condominium units in the nation’s top markets, and 65,000 acres in master-planned communities with the potential for an estimated 50,000 single-family and multifamily units.

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