X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Taking a calculated gamble on townhome development and marketing only from renderings, single-family builder Centex Homes of Dallas has sold 37 homes or 17% of the planned 216-home Villas at Waterford Lakes in southeast Orlando at an average price of $124,300 per unit.

The first two models won’t be finished until fall. The sales were logged in the first six weeks at the gated 21-acre community west of Woodbury Road on Waterford Lakes Parkway, about five miles south of the University of Central Florida.

The 51-year-old Texas builder has been building single-family homes at Waterford Lakes since the early 1990s but didn’t anticipate the demand for the townhomes. Centex division president Pat Knight calls the product “a great fit for this market.”

Three different two and three-bedroom plans are being offered with living areas ranging from 1,300 sf to 1,875 sf. All homes have single-car garages.

Centex has other townhome developments in Flagler County, FL, California and Texas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.