The county's code enforcement board will decide June 16 on thetotal penalty Pulte will pay. The board alleges Pulte knew it wasviolating the construction code when it converted a garage bay intoa fourth bedroom at the 39 properties. Pulte has told thecommission it did so after customers, many of them investors,demanded a fourth bedroom.
At least half of the homes in the Windsor Hills subdivision ofsingle-family and townhomes will be sold to investors who use theproperties as short-term rentals, a favorite commodity forinternational tourists who desire to be near the Disneyattractions, commissioners tell GlobeSt.com.
The 39 four-bedroom homes, illegally constructed, have been soldin the $300,000 range for a total $11.7 million, Osceola Countybrokers following the controversy tell GlobeSt.com. If the countyrules Pulte has to demolish the 39 homes, the Michigan-basedbuilder would have to refund the purchase price to the homeowners,county planning department staffers confirm to GlobeSt.com.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.