Dream Finders Homes has acquired 60 residential lots in western Riviera Beach for approximately $12 million, opening the Jacksonville-based builder’s first community in Palm Beach County. The planned project, The Townes at Avian, will feature two-story townhomes, shared amenities and access to Interstate 95 and nearby Palm Beach Gardens.
Key takeaways
The acquisition establishes Dream Finders’ first foothold in Palm Beach County, with home prices expected to start in the upper $400,000s. The company has not announced when construction will begin or when the community is expected to be completed.
- The 60 lots were acquired for approximately $12 million, or about $198,000 per lot, according to the report.
- The Townes at Avian is planned for western Riviera Beach, off Military Trail.
- Townhomes are expected to range from approximately 1,577 to 1,684 square feet.
A first community in Palm Beach County
Godart Florida Real Estate Investments arranged the transaction for Dream Finders Homes. The land deal gives the builder an entry into a market where, according to the brokerage’s managing director, well-located development sites at prices suitable for major homebuilders are increasingly difficult to secure.
Dream Finders Land Acquisitions Manager Michael Caputo credited Godart with bringing the company an opportunity to establish its first Palm Beach County community. The brokerage said it intends to pursue further opportunities with the builder in South Florida.
Townhome plans and expected pricing
The proposed two-story homes are planned with two or three bedrooms, two-and-a-half bathrooms, private outdoor spaces and one- or two-car garages. Builder-listed features include flat tile roofs, impact-resistant windows, ceilings approximately 9 feet 4 inches high, and 8-foot interior and exterior doors.
Dream Finders anticipates prices starting in the upper $400,000s. The reported acquisition price works out to roughly $198,000 per lot, while the overall transaction was described as approximately $12 million.
Amenities and project timing
Planned community amenities include a clubhouse, infinity-edge pool, fitness facilities, spa, playground, dog park and walking trails. The builder also lists a private theater and spa features such as ice baths, a sauna and rain showers.
The site’s location in western Riviera Beach is described as offering access to Interstate 95 and nearby Palm Beach Gardens. No construction start date or completion schedule was provided in the announcement.