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Pasco homebuilder sold to suburban DC developer

Biscayne Homes was bought by a 33-year-old Maryland company that is expanding into the Southeast.

  • By Louis Llovio
  • | 4:30 p.m. March 4, 2024
  • | 2 Free Articles Remaining!
The Mirada Lagoon in Pasco County is the third lagoon that Metro Development Group has built.
The Mirada Lagoon in Pasco County is the third lagoon that Metro Development Group has built.
Courtesy image
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Biscayne Homes, a Pasco County homebuilder probably best known for a pair of projects within local lagoon-centered communities, has been sold to a Maryland company.

Details of the deal were not disclosed, but the buyer, DRB Group, says in a news release that it is purchasing all of Biscayne Homes’ assets in the Tampa Bay market and in Southwest Florida as part of an expansion in the state.

In the release, Rockville, Maryland-based DRB says it has been expanding into the Southeast since 2023, moving into Myrtle Beach, South Carolina, the Piedmont Triad metropolitan area in North Carolina and in Orlando. (The Triad is a 12-county region that includes Greensboro and Winston-Salem.)

DRB was founded in 1990 in suburban Washington, D.C., and operates in 10 states and 21 metro markets.

The purchase of Biscayne Homes “not only accelerates our strategic growth plan in the Florida markets, but it enhances the DRB Homes’ portfolio adding a luxury brand,” says the company’s CEO Ronny Salameh.

Biscayne Homes, according to its website, has homes in five local communities mostly in Pasco. And it has a new one coming soon to Parrish.

One of its developments is a 105-unit townhouse community at Epperson Lagoon in Wesley Chapel and another one is at Miranda Lagoon in San Antonio. Both Pasco communities are built around massive, manmade lagoons. A third community, Seaire in Manatee County, will also be built around a lagoon.

All three are built by Tampa-based Metro Development Communities.

Biscayne Homes was founded in 2017 and refers to itself as “Florida’s luxury homebuilder.” In the statement, managing member David Adler says the sale to DRB will “help foster tremendous growth” for the company and its employees.

Asked about Biscayne Homes’s sales price in an email, the person listed as the contact in the new release replied, “I have no idea.”



Louis Llovio

Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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