DiVosta Homes buys 50 acres for Sandhill Preserve community

BUYER: DiVosta Homes LP (principals; Steven Cook, Richard Dugas Jr., Scott Clements, Ryan Marshall, Daniel Fitzpatrick, Brian Yonaley, Jan Klym and Bruce Robinson), Bonita Springs
SELLER: Palmer Ranch Holdings Ltd.
PROPERTY: Central Sarasota Parkway and Honore Avenue, Sarasota
PRICE: $5.09 million
PREVIOUS PRICE: $29.49 million, December 1996 (includes additional property)
LAW FIRM ON DEED: John F. Cook PA, Sarasota

PLANS, DESCRIPTION: DiVosta Homes purchased roughly 50 acres in south Sarasota for $5.09 million.

The homebuilder plans to create a gated community on the property called Sandhill Preserve. In its first phase, DiVosta Homes expects to build 111 homes, but it is also under contract to purchase future phases for about 300 homes. Amenities at the new development include a resort-style pool, fitness center and clubhouse.