Many builders are scrambling to find land to build new homes. PulteGroup just bought 20 acres in Lauderdale Lakes for a new gated community to be called Cassia Estates.
PulteGroup acquired the property on the corner of Oakland Park Boulevard and Northwest 31st Street for $1.72 million or $86,000 per acre. The new development will have 77 single-family homes with a gated entrance.
Sales are expected to start in early 2021, according to a press release. Prices for the new homes have yet to be announced. For more details see the Real Deal article.