April 19, 2024

Moving Inland

Interior Motive

High-end developers are targeting Florida's interior as land prices escalate along the state's edges.

Amy Keller | 7/1/2006
Frank D'Alessandro, a real estate broker with D'Alessandro & Woodyard, says his firm is banking a "lot of land" for large homebuilders who are preparing to build in Hendry and Glades counties. "Palm Beach is mostly moving west, and Fort Myers and surrounding counties are moving east," says D'Alessandro.

Slower pace of living

Leading the race across SR 80, Bonita Bay Group has already announced intentions to build its brand of master-planned communities as far east as Clewiston (65 miles west of Palm Beach). The company recently purchased a 500-acre parcel there from U.S. Sugar Corp. and plans to build a mix of residential housing. The developer intends to draw buyers who want access to the amenities of Palm Beach County but with a slower lifestyle.

It's a strategy the company has been aggressively pursuing in the LaBelle area. Later this year, Bonita Bay Group will break ground on a 187-acre master-planned community also along the banks of the Caloosahatchee called Murphy's Landing. The community will include more than 400 single-family and coach homes and cater to the typical Bonita Bay customer, a wealthy, second-home buyer. Homes will be priced from the mid-$300,000s to more than $1 million. But unlike Bonita Bay Group's trademark communities around Bonita Springs, Murphy's Landing will have no golf course.

Instead, the company says it is marketing to those who are looking for a slower pace of living along the river corridor. Brian Lucas, a Bonita Bay regional vice president who is leading development efforts outside southwest Florida, predicts the typical Murphy's Landing buyer will still be a second-home buyer but will be "less interested in the social opportunities of Fort Myers," preferring activities such as hiking and boating and the amenities that come with an outdoor retreat. Housing styles, too, will depart from the traditional Mediterranean-style architecture found in so many Bonita Springs developments. Houses will be built with an older, Colonial/Craftsman style. There will be no cul-de-sacs. All homes will have a water view, and space within the community will be maximized with rear garages and alley access.

CLEARING THE WAY: Bonita Bay Group is developing its 187-acre Murphy's Landing on property that Bill Murphy once owned. The development will include more than 400 homes -- some priced at $1 million -- along the Caloosahatchee River.

Tags: Southwest, Housing/Construction

Florida Business News

Florida News Releases

Florida Trend Video Pick

Giant domino line of cereal boxes falls to celebrate Cereal for Summer Drive
Giant domino line of cereal boxes falls to celebrate Cereal for Summer Drive

About one thousand cereal boxes were lined up by Achieva Credit Union employees in honor of the donations.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Do you think recreational marijuana should be legal in Florida?

  • Yes, I'm in favor of legalizing marijuana
  • Absolutely not
  • I'm on the fence
  • Other (share thoughts in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.