30-acre Pasco property sold for $12.75M for build-to-rent community

Developers behind a new build-to-rent community in Land O’ Lakes have closed on the property.

South Carolina-based Maymont Homes paid $12.75 million for the 28.5-acre parcel in the Bexley master planned community.

It along with the Houston construction company Dinerstein Cos. are planning to build a 250-unit community on the site. It will include a mix of two- and three-bedroom residences with private yards, attached garages and access to a clubhouse, fitness center, neighborhood parks and a resort-style swimming pool.