Builder expands to luxury community, makes $7M sale

NAPLES — Stock Custom Homes, the luxury homebuilding unit of Naples-based Stock Development, recently purchased three lots in the Palm Beach Polo Golf and Country Club in Wellington.

Since closing on the properties, the company also sold a recently completed estate on the lot that listed for $7.4 million, according to a release. The estate Stock Custom Homes sold is nearly 7,000 square foot under air, the release adds, and came within two weeks of the company opening the model for viewing.

With the recent opening of its Wellington office, Stock plans to continue expanding in the market, building estate homes on Florida's east coast, the release adds. It's building another home in the Palm Beach Polo Golf and Country Club, a four-bedroom, 6,428-square-foot property. That home, with an anticipated completion in early 2018, is expected to be listed for $6.9 million.