Meritage Homes Corporation, Scottsdale (NYSE:MTH) said Tuesday it has acquired and plans to develop more than 200 acres in Orlando, Florida in a community it calls Hawk’s Crest, located in the Winter Park submarket along Lake Howell.
Hawk’s Crest will include more than 700 lots, including 250 townhomes and 458 single-family homes. The gated community’s on-site amenities will include lake access, running and walking trails, resort-style pools and a community clubhouse.
“Hawk’s Crest caters to those looking for a health and wellness lifestyle with beautiful homes, open outdoor spaces, lakefront views and resort-style amenities,” said Brian Kittle, Orlando division president of Meritage Homes. “We are excited to bring a much-needed supply of new homes to the market, and make Hawk’s Crest a long-awaited reality.”
Hawk’s Crest will offer four product lines ranging from approximately 1,600 to 5,200 square feet. Ranging from three to six bedrooms, the homes are expected to be priced from $260,000 to $635,000.
Each home will come standard with Meritage’s signature energy efficiency and home automation packages; solar panels are offered as an upgrade in all its communities.
Hawk’s Crest is one of 21 Meritage communities in the Orlando area. It will be built in phases, expected to open for sale in late 2018 with first closings projected for early 2019.
