STOCK TITAN

LANDSEA HOMES CLOSES ON 124 HOMESITES IN CENTRAL FLORIDA, EXPANDING PORTFOLIO IN VOLUSIA AND OSCEOLA COUNTIES

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Landsea Homes (Nasdaq: LSEA) has closed on 124 homesites for two new communities in Central Florida. Brack Ranch in St. Cloud will include 14 single-family homes in its first phase, with a total of 138 homes at full buildout. Trinity Gardens in DeLand will offer 110 homes in its first phase. Both communities will feature Landsea's High Performance Homes with smart home automation technology and the REME HALO® air purifier.

Development is underway, with homes expected to begin selling in Summer 2025. These expansions aim to meet high housing demand in Volusia and Osceola counties. The locations offer proximity to Orlando, Daytona, and major attractions like Walt Disney World® Resort.

Landsea Homes (Nasdaq: LSEA) ha concluso l'acquisto di 124 lotti per due nuove comunità in Florida Centrale. Brack Ranch a St. Cloud includerà 14 abitazioni unifamiliari nella sua prima fase, con un totale di 138 abitazioni al termine della costruzione. Trinity Gardens a DeLand offrirà 110 abitazioni nella sua prima fase. Entrambe le comunità presenteranno le High Performance Homes di Landsea, dotate di tecnologia per la domotica e del purificatore d'aria REME HALO®.

I lavori sono già in corso, con le abitazioni che si prevede inizieranno a essere vendute nell'estate 2025. Queste espansioni mirano a soddisfare l'elevata domanda di case nei cantoni di Volusia e Osceola. Le località offrono prossimità a Orlando, Daytona e grandi attrazioni come il Walt Disney World® Resort.

Landsea Homes (Nasdaq: LSEA) ha cerrado la compra de 124 terrenos para dos nuevas comunidades en el Centro de Florida. Brack Ranch en St. Cloud incluirá 14 casas unifamiliares en su primera fase, con un total de 138 casas al finalizar la construcción. Trinity Gardens en DeLand ofrecerá 110 casas en su primera fase. Ambas comunidades contarán con las High Performance Homes de Landsea, equipadas con tecnología de automatización del hogar y el purificador de aire REME HALO®.

El desarrollo ya está en marcha, y se espera que las casas empiecen a venderse en el verano de 2025. Estas expansiones buscan satisfacer la alta demanda de vivienda en los condados de Volusia y Osceola. Las ubicaciones ofrecen proximidad a Orlando, Daytona y atracciones importantes como el Walt Disney World® Resort.

Landsea Homes (Nasdaq: LSEA)는 중부 플로리다의 두 새로운 커뮤니티를 위해 124개의 주택 부지를 매입했습니다. St. Cloud의 Brack Ranch는 첫 번째 단계에서 14개의 단독 주택을 포함하며, 전체 완공 시 총 138개의 주택이 제공됩니다. DeLand의 Trinity Gardens는 첫 번째 단계에서 110개의 주택을 공급합니다. 두 커뮤니티 모두 Landsea의 High Performance Homes를 특징으로 하며, 스마트 홈 자동화 기술과 REME HALO® 공기 청정기가 포함됩니다.

개발 작업이 진행 중이며, 주택은 2025년 여름에 판매되기 시작할 것으로 예상됩니다. 이러한 확장은 Volusia와 Osceola 카운티에서 높은 주택 수요를 충족하는 것을 목표로 합니다. 이 위치는 올랜도, 데이토나 및 월트 디즈니 월드® 리조트와 같은 주요 명소와 가깝습니다.

Landsea Homes (Nasdaq: LSEA) a finalisé l'acquisition de 124 terrains pour deux nouvelles communautés en Floride centrale. Brack Ranch à St. Cloud comprendra 14 maisons unifamiliales dans sa première phase, avec un total de 138 maisons à la fin de la construction. Trinity Gardens à DeLand proposera 110 maisons dans sa première phase. Les deux communautés mettront en avant les High Performance Homes de Landsea, dotées d'une technologie d'automatisation et du purificateur d'air REME HALO®.

Le développement est en cours, et les maisons devraient commencer à être mises en vente à l'été 2025. Ces expansions visent à répondre à la forte demande de logements dans les comtés de Volusia et d'Osceola. Les emplacements offrent une proximité avec Orlando, Daytona et des attractions majeures comme le Walt Disney World® Resort.

Landsea Homes (Nasdaq: LSEA) hat den Erwerb von 124 Bauplätzen für zwei neue Gemeinschaften in Zentral-Florida abgeschlossen. Brack Ranch in St. Cloud wird in der ersten Phase 14 Einfamilienhäuser umfassen, mit insgesamt 138 Häusern beim vollendeten Bau. Trinity Gardens in DeLand wird in der ersten Phase 110 Häuser anbieten. Beide Gemeinschaften werden mit Landseas High Performance Homes ausgestattet sein, die über Smart-Home-Automatisierungstechnologie und den REME HALO® Luftreiniger verfügen.

Die Entwicklung ist bereits im Gange, und der Verkauf der Häuser wird für den Sommer 2025 erwartet. Diese Erweiterungen zielen darauf ab, die hohe Nachfrage nach Wohnraum in den Landkreisen Volusia und Osceola zu decken. Die Standorte bieten Nähe zu Orlando, Daytona und großen Attraktionen wie dem Walt Disney World® Resort.

Positive
  • Expansion into high-demand housing markets in Central Florida
  • Addition of 124 new homesites across two communities
  • Implementation of High Performance Home features, including smart home technology
  • Strategic locations near major cities and attractions
Negative
  • Homes not expected to begin selling until Summer 2025, potentially delaying revenue generation

Insights

Landsea Homes' acquisition of 124 homesites in Central Florida represents a strategic expansion in a high-demand market. The company's focus on Volusia and Osceola counties is well-timed, given the reported significant growth in these areas. This move could potentially boost Landsea's market share and revenue in the region.

The planned communities, Brach Ranch and Trinity Gardens, offer a diverse range of home sizes (1,635 to 4,418 square feet), catering to various buyer segments. The inclusion of High Performance Home features and smart home technology could be a strong selling point, potentially commanding premium prices.

However, with sales not expected until Summer 2025, there's a risk of market changes affecting demand or pricing. Investors should monitor local economic indicators and housing market trends closely.

Landsea Homes' integration of advanced technology in their new developments is a notable differentiator. The inclusion of Apple Home™ ecosystem and Best Buy's Geek Squad support demonstrates a commitment to user-friendly smart home solutions. This could appeal to tech-savvy buyers and potentially increase property values.

The REME HALO® air purifier is a timely addition, given increased awareness of indoor air quality post-pandemic. This feature could be a significant draw for health-conscious buyers.

While these tech features are impressive, their long-term value and maintenance costs should be considered. The rapid pace of technological advancement might render some features obsolete before the homes are completed in 2025, potentially requiring updates or replacements.

The strategic locations of Brach Ranch and Trinity Gardens near major attractions and urban centers could be a strong selling point. Proximity to top-ranked schools in St. Cloud may attract families, potentially driving demand and property values.

However, the heavy reliance on tourism-related attractions (Disney World, Universal Studios) in the marketing pitch raises concerns about the local economy's vulnerability to fluctuations in the tourism industry. Diversification of the area's economic drivers would provide more stability for long-term property values.

The timing of the project is crucial. With sales expected to begin in Summer 2025, Landsea Homes needs to navigate potential changes in market conditions, interest rates and consumer preferences over the next year. This lag time introduces an element of uncertainty that investors should carefully consider.

Brach Ranch in St. Cloud and Trinity Gardens in DeLand will feature single-family detached High Performance Homes

ORLANDO, Fla., Sept. 18, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, today announced it has closed on a total of 124 homesites for two new communities in Central Florida.

The first phase of Brack Ranch in St. Cloud includes 14 single-family detached homes on 50-foot lots ranging from 1,900 to 3,200 square feet of living space. At full buildout, the community will include 138 homes.

The first phase of Trinity Gardens in DeLand will offer 110 homes on 50 and 60-foot lots ranging from 1,635 to 4,418 square feet of living space. 

Development is already underway on both communities, and homes are expected to begin selling in Summer 2025.

"Both of these land closings are important steps forward for Landsea Homes as we continue to grow our footprint throughout Central Florida. We are currently seeing high demand for housing in both Volusia and Osceola counties, which are experiencing significant and rapid growth," said Jeff Wochner, Florida Division President, Landsea Homes. "With these new homes at Brack Ranch and Trinity Gardens, we will be able to help meet some of this demand and provide high-quality, High Performance Homes to eager homebuyers."

All homes at Brack Ranch and Trinity Gardens will include the company's renowned High Performance Home features including smart home automation technology utilized by the Apple Home™ to make life at home healthier and more comfortable. The smart home automation technology includes an Apple® HomePod mini™, wireless access point, Wi-Fi enabled entry door locks, thermostat control, garage door opener control, light dimmer switches, a doorbell camera pre-wire, and Smart Home Activation with an individualized in-person training session through Best Buy's Geek Squad.

Homes will also contain the REME HALO® air purifier, a state-of-the-art product that mitigates indoor contaminants to keep residents safe and support healthy living by reducing airborne particles and air pollutants such as dust, dander, pollen, and mold spores, killing up to 99% of bacteria, allergens, and odor.

Located in Osceola County, St. Cloud is close to Orlando's bustling downtown district. The city also has one of the highest concentrations of top ranked public schools in Florida and its downtown boasts an extensive array of restaurants, shops and galleries.

DeLand is located in Volusia County, just 40 minutes from downtown Orlando and 30 minutes from Daytona, and easy access to major highways making travel to any Central Florida destination easy. Its wealth of outdoor recreation opportunities, public art displays, and scenic drives make DeLand a prime destination for homebuyers.

Both St. Cloud and DeLand are in proximity to Walt Disney World® Resort, Universal Studios Florida, and SeaWorld® Orlando as well as some of the region's most beautiful beaches.

Landsea Homes is currently selling at Trinity Place, Sky Lakes Estates and Hanover Lakes, also in St. Cloud as well as at Beresford Woods also in Deland.

To learn more about Landsea Homes' Florida communities, visit: https://landseahomes.com/florida/

About Landsea Homes Corporation

Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. Landsea Homes was honored as the Green Home Builder 2023 Builder of the Year, after being named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation.

An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provides homebuyers the opportunity to "Live in Your Element." Our homes allow people to live where they want to live, how they want to live – in a home created especially for them.

Driven by a pioneering commitment to sustainability, Landsea Homes' High Performance Homes are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®. Homes include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet.

Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees, and stakeholders by creating an unparalleled lifestyle experience that is unmatched.

For more information on Landsea Homes, visit: www.landseahomes.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/landsea-homes-closes-on-124-homesites-in-central-florida-expanding-portfolio-in-volusia-and-osceola-counties-302251205.html

SOURCE Landsea Homes

FAQ

When will Landsea Homes (LSEA) start selling homes in Brack Ranch and Trinity Gardens?

Landsea Homes expects to begin selling homes in Brack Ranch and Trinity Gardens in Summer 2025.

How many homesites has Landsea Homes (LSEA) acquired in Central Florida?

Landsea Homes has closed on a total of 124 homesites for two new communities in Central Florida.

What smart home features will be included in Landsea Homes' (LSEA) new Florida communities?

The homes will include Apple Home™ technology, HomePod mini™, Wi-Fi enabled locks, thermostat control, garage door opener control, light dimmer switches, and a doorbell camera pre-wire.

Where are Landsea Homes' (LSEA) new Central Florida communities located?

The new communities are Brack Ranch in St. Cloud, Osceola County, and Trinity Gardens in DeLand, Volusia County.

Landsea Homes Corporation

NASDAQ:LSEA

LSEA Rankings

LSEA Latest News

LSEA Stock Data

395.85M
20.48M
41.05%
50.76%
3.72%
Real Estate - Development
Operative Builders
Link
United States of America
DALLAS