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

Rhea-AI Summary

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.

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

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.

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.