Builder, with $5.3M site purchase, plans 222 homes in Charlotte County

An Atlanta-based homebuilder known for building communities for the “move-up buyer” announced plans Tuesday to bring 222 new homes to Punta Gorda in Charlotte County. 

National homebuilder Pulte Homes has finalized the purchase of a 68.4-acre property off Burnt Store Road which will become its latest community: Cassia Bay. 

Prices in the gated community are expected to start in the upper $200,000s, according to a release, and come with low community fees and no CDD fees. Plans for the community include private amenities such as a pool and cabana building, fitness center and two pickleball courts. 

“Cassia Bay offers brand new homes with low monthly payments in a location close to the water and to the Punta Gorda airport,” Josh Graeve, president of PulteGroup’s Southwest Florida Division, says in the release. “We are excited to introduce new homebuying options in Punta Gorda, which is well known for its charm.”

In southern Charlotte County, the parcel at 12200 Burnt Store Road was previously owned by Simple Life Reflections LLC, which intended to build a community of tiny homes on the property. In September, Simple Life sold the property to an affiliate of TPG Inc. for $5.3 million, county records show. TPG, according to its website, acquires residential lots to hold for future development or sale to homebuilders including Pulte.

The Cassia Bay site is located 3.5 miles south of U.S. Highway 41, north of Tamiami Trail and west of Interstate 75 in Punta Gorda. 

The development’s single family homes feature open floor plans that range from 1,256 square feet to 2,703 square feet, with flexible options for personalization. Layouts include three to four bedrooms, two to three bathrooms and two- and three-car garages. 

PulteGroup delivered 29,572 homes in 2025, the company says, bringing in $16.7 billion in home sale revenues and reporting net income of $2.2 billion. The 70-year-old homebuilder ended the year with $2 billion in cash after investing $5.2 billion in land acquisition and development, according to its website.

Fourth quarter home sale revenues of $4.5 billion, meanwhile, were 5% lower than the comparable prior year period, the company says.