Lennar Homes pays $16M for additional Belmont home lots

BUYER: Lennar Homes LLC, Tampa
SELLER: Belmont Real Estates LLC
PROPERTY: a portion of land off Paseo Al Mar Boulevard near U.S. 301, Ruskin, also known as lots 1-70, block 1 and lots 1-27, block 2, Belmont Phase 1B; and lots 33-87, block 6; lots 26-59, block 7; lots 26-54, block 9; lots 1-76, block 10, Belmont Phase 1B-1,
PRICE: $16.18 million
LAW FIRM ON DEED: Feldman & Mahoney PA, Clearwater

PLANS, DESCRIPTION:
Miami-based homebuilder Lennar Homes purchased 291 home sites in the Belmont community for $16.18 million.

The price equated to $55,605 per lot.

According to Mark Metheny, division president for Lennar-Central Florida, Lennar was successful in its previous phase at Belmont and saw an opportunity to increase its presence there.

“The SouthShore area is a great market right now,” Metheny wrote in an email to the Business Observer. “There's a lot of activity, and Belmont is a great community centrally located in that area.”

The homebuilder plans to offer 40-, 50- and 60-foot home lots and new homes priced from $229,000 to $300,000. Lennar also plans to develop a community swimming pool and clubhouse.

Site development is nearing completion and additional home construction should start in February.