Historic Pasco ranch sells 332 acres to homebuilder for $16M

Pulte Homes has bought 332-acres in Pasco County belonging to a long-established local cattle ranching family and plans to build more than 700 homes on the property.

The homebuilder paid $16 million for the land, according to county records.

The acreage is a fraction of the 1,800 acres the DePue family has owned since the late 1800s and that it has operated as a family-run cattle ranch. The company and the family have been speaking about the sale of the land for about three years.