D.R. Horton buys lots for expanded Magnolia Landings

BUYER: D.R. Horton Inc. (principals: Paul Romanowski, Donald Tomnitz, Bill Wheat, Donald Horton, Thomas Montano, Stacey Dwyer, Kathleen Shippey and Ashley Dagley), Fort Myers
SELLER: Windham/Magnolia Landing LLC
PROPERTY: main address 3237 Magnolia Landing Lane, Fort Myers also known as lots 18-23, 35, 36, 47, 48, 50-54, 56-62, 66, 81, 85, 88, 95-103, 133, 134, 146-156, 209, 210, 216, 217, 231, 232, 252, 259, 263, 264, 267, 268, 282 and 283, Plat of Magnolia Landings, unit 1
PRICE: $1.21 million
ATTORNEY ON DEED: K. Michelle Jessell Esq., Boca Raton

PLANS, DESCRIPTION: Fort Worth-based national homebuilder D.R. Horton Inc. purchased 62 home lots in the Magnolia Landings community for $1.21 million.

The price equated to $19,556 per lot.

The purchase was part of the builder's planned acquisition of 121 lots on the Fort Myers community. D.R. Horton has been building golf course villas in the community since 2009, according to Jessica Hansen, vice president of communications.

“Magnolia Landings offers a beautiful golf course, high lifestyle, low fees and [a] very attractive price point,” she said in an email explaining the company's attraction to Magnolia Landings.

The community features a mixture of single-family homes and duplexes. Amenities include a Gordon Lewis-designed championship golf course, 10,000-square-foot golf clubhouse and a 5,000-square-foot fitness center. D.R. Horton's single-family homes in the community range in size from 1,554 to 2,583 square feet and start at $173,990.