ODESSA, FL – Rental home developer, NexMetro Communities has purchased a 13-acre site for a 152-home neighborhood in Odessa, FL. The development will serve as the company’s first central FL location.
The new, single-family rental neighborhood, Avilla Suncoast, will feature detached, single-level, one-, two- and three-bedroom homes. The homes will offer private backyards and front entries, open floorplans, high ceilings, granite countertops, stainless steel appliances and hard-surface flooring throughout.
The gated neighborhood will additionally offer garages, covered parking areas and community amenities including a resort-style pool and spa, outdoor grills, lounge areas, a dog park, walking areas and open space. The neighborhood will provide on-site maintenance.
Located 15 miles north of downtown Tampa, off of the NW corner of FL-54 and Crossings Blvd., Avilla Suncoast is situated near retail, freeways and employment options.
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Construction on the development is expected to commence this month. The community is slated to open in early 2021.
“Demand for single-family rental homes remains incredibly strong as consumers seek this unique lifestyle experience that combines the best of a detached home and mortgage-free, maintence-free living,” said NexMetro Communities CEO, Josh Hartmann. “Our expansion into central Florida validates the tremendous appeal of this hybrid housing offering to consumers of all walks of life.”
NexMetro Communities is currently developing or has completed more than $1 billion in the Phoenix, Dallas and Denver markets. With the new Odessa, FL development, the company totals more than 4,800 homes built and under development; representing 32 unique investment partnerships. The company currently has additional openings and projects within its pipeline, including additional properties within the Tampa and Orlando markets.
“More and more consumers – including a growing number of baby boomers who have owned homes for many years – are choosing to rent rather than own a home,” Hartmann said. “Demand for low density, rental housing is outpacing supply. And even as mortgage rates plunge, the demand for our Avilla luxury single family rental home neighborhoods remains strong.”