Pulte Homes Inc (PHM)

[PennyP1cker]

Pulte Homes is developing a 229-home community in the Dr. Phillips area of Orlando with homes ranging from $500,000 to $2 million.

Atlanta-based Pulte purchased the land last year and has plans to invest several millions more in infrastructure. It will offer 13 floor plans at the Phillips Grove community, ranging from two to seven bedrooms and two-and-a-half to six-and-a-half bathrooms, plus two- or three-car garages. Home sizes will range from 2,000 square feet to more than 5,000 square feet and prices will reach the $2 million mark for lakefront home sites. The large homes with life-tested designs can be personalized to fit a family’s needs and style, Pulte says.

“We are very excited to bring our Phillips Grove community to life this year,” said Clint Ball, president of Pulte’s North Florida division, in a statement. “This is a prime opportunity for buyers looking for new construction in Dr. Phillips. Plus, there are very few opportunities to own a home on the Butler chain of lakes—that’s something exclusive we are able to offer. We believe this will be one of the most unique opportunities to come to the market in Orlando this year.”

Phillips Grove will also offer several luxury amenities including a gated entrance, resort-style pool with cabana and a summer kitchen, athletic courts, and included lawn care. The new community is located just minutes from I-4 and residents can easily access “Restaurant Row”, highly-rated schools, and shopping.

“With the wide-variety of floor plans and square footage, this community is for buyers who want to upgrade to new construction in one of Orlando’s top submarkets or those who already live in the area who may want to downsize,” said Ball. “That’s why this is such a highly-desirable community.”

Pre-sales for the home sites have begun and the grand opening is set for April with model homes available to tour. Pulte plans to incorporate their model home tours with the latest in virtual reality technology.

Phillips Grove is one of 13 projects Pulte plans to open in the Orlando area this year.
by Brian Croce