Arizona-based Del Webb Corp., a subsidiary of Michigan-basedPulte Homes, has contracted to purchase an estimated 200 acres atthe 1,200-acre, mixed-use ChampionsGate development in southwestOsceola County. Webb plans to develop a $200-million, 700-homecommunity of condominiums, carriage homes and townhomes not farfrom the Walt Disney World attraction.

The ChampionsGate land price wasn't disclosed. But areaindustrial brokers who have done deals in that submarket tellGlobeSt.com the effective price will probably be around $200,000per acre or about $4.59 per sf, making it an estimated $40-milliondeal. That would also make it the largest land transaction thisyear in Central Florida, according to several local brokeragehouses who monitor land sales monthly.

DR Horton Homes of Orlando is buying 156 acres in suburban LakeMary from frozen food entrepreneur Jeno Paulucci. The $22-millionprice tag equates to $141,025 per acre or about $3.24 per sf.