Toll Brothers has acquired a 21-acre site at the former Heron Bay Golf Course in Parkland for $19.5 million, with plans to develop 52 single-family homes. The purchase from the city of Parkland equates to roughly $933,461 per acre.
The proposed community, Saltgrass at Heron Bay, will feature four-bedroom and five-bedroom homes ranging from 2,632 square feet to over 4,000 square feet. According to Toll Brothers’ website for the project, each home will have either a three-car or four-car garage. Presales and construction have not yet begun. Starting prices are expected to be around $1.6 million.
Toll Brothers is led by CEO Douglas C. Yearley Jr., and was selected through a city-run solicitation process in 2023 that sought developers for the site’s redevelopment. The company outbid ten other developers for the opportunity; K. Hovnanian Homes and Mattamy Homes were ranked second and third respectively.
The Heron Bay Golf Course closed in 2019 and was purchased by the North Springs Improvement District in 2021 for $32 million. The district retained about 150 acres for stormwater management and open space while designating another portion as a memorial site for victims of the Marjory Stoneman Douglas High School shooting in 2018.
Parkland bought the remaining land from the district last year for $25.4 million before seeking redevelopment proposals.
Toll Brothers was founded in Philadelphia in 1967 by Bruce E. Toll and Robert I. Toll and specializes in luxury homebuilding as well as apartment development.
Other South Florida golf courses have also been redeveloped or are slated for new housing projects as buildable land remains limited between natural boundaries like the Atlantic Ocean on one side and Everglades on the other (https://www.sun-sentinel.com/real-estate/fl-bz-golf-course-housing-trend-20230424-l7hrfndqebgxjpkfocflr5nlhu-story.html). In recent years, Lennar along with BH Group began sales on a planned community of over 100 homes at a former course near Aventura (https://therealdeal.com/miami/2023/05/16/lennar-bh-group-launch-sales-at-former-aventura-golf-course-site/), while 13th Floor Homes intends to develop more than 300 houses at Tamarac’s Woodlands Country Club (https://therealdeal.com/miami/2023/07/18/judge-denies-residents-appeal-paving-way-for-tamarac-golf-course-redevelopment/).
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