Toll Brothers has acquired a 21-acre portion of the former Heron Bay Golf Course in Parkland for $19.5 million, with plans to build 52 single-family homes. The site is located at 11773 Northwest 70th Place. The transaction amounts to about $933,461 per acre.
The new development, Saltgrass at Heron Bay, will feature four- and five-bedroom homes ranging from 2,632 square feet to more than 4,000 square feet. Each home will have either a three-car or four-car garage. According to Toll Brothers’ website for the project, asking prices are expected to start at $1.6 million. Construction and presales have not yet begun.
Toll Brothers was selected by the city of Parkland in a competitive process that drew bids from 11 developers. K. Hovnanian Homes and Mattamy Homes were ranked second and third, respectively.
After the closure of the original 223-acre golf course in 2019, the North Springs Improvement District purchased it for $32 million in 2021. The district retained about 150 acres for stormwater management and open space; another portion was set aside for a memorial commemorating the victims of the Marjory Stoneman Douglas High School shooting in 2018. In 2023, Parkland purchased the remaining land for $25.4 million before soliciting redevelopment offers.
Toll Brothers was founded in Philadelphia in 1967 by Bruce E. Toll and Robert I. Toll and is led by CEO Douglas C. Yearley Jr.
Development on former golf courses has become more common across South Florida as homebuilders look for sites amid limited available land between the Atlantic Ocean and Everglades region (https://www.sun-sentinel.com/real-estate/fl-bz-heron-bay-golf-course-parkland-sale-20230316-lk5yufpmu5euvl3drw43bshzey-story.html). Other recent projects include Lennar’s community on a closed course near Aventura and a plan by 13th Floor Homes for over 300 houses on Tamarac’s Woodlands Country Club site (https://therealdeal.com/miami/2024/01/29/lennar-bh-group-launch-sales-of-homes-at-shuttered-aventura-area-golf-course/).
