Probably the most asked about community in the market today. Here is what I know about the very controversial community now newest town in Palm Beach County. Originally planned as a Minto development of the Callery-Judge Groves between the Acreage and Loxahatchee along Seminole Pratt. But by using a state law Minto and a few neighbors formed and incorporated a new town on 4500 acres. For good or bad Westlake is here to stay. The romantic side of me loved the wide open space of the citrus grove, but the pragmatic side knew that after the majority of the groves got the canker in the mid 2000’s some sort of development would go there. There just is not any economic justification to re-invest in citrus without a cure to the canker or the greening disease that is wiping them all out. There has been a lot of confusion and lots of rumors about what will ultimately end up out there. Today I hope to clear all that up. Yesterday I spent some time visiting the new Minto sales and information center and a number of the models in the first phase of the development. The project itself is massive, and Minto plans to be there for 10-20 years. Along Seminole Pratt about 2 million square feet of commercial and office space will be created, behind that on either side of the road will be about 4500 homes and just to the south of Seminole Ridge High will be a large park. To ease traffic on Seminole Pratt, the road has been widened and Persimmon Blvd and 60th Street will be extended into community.
The first community being sold is called the Hammocks, it borders Seminole Pratt and the future Westlake town center, it will eventually be gated and is an hoa containing about 300 homes. There are two fees associated with each home, standard hoa will be about 92 dollars a month, and a Seminole Improvement District fee will be between 100 and 110 dollars a month. There will not be a CDD tax, and for those of you who have paid that for 30 years that is a relief.
Hammocks homes fall into 2 collections, the Cypress collection built on lots 50 feet wide and the Indigo collection built on lots 65 feet wide, by my eye ball it looks like about 80 plus percent of the homes will be on lake front lots. Lot premiums start at 0 and go to 68k. Home prices start at 278k in Cypress to 497k in Indigo. Minto is a quality builder, all concrete homes, no frame second floors. I really like the floor plans, they do not waste a bunch of space and they flow. The one upgrade i would recommend for any buyer during pre-construction is the hurricane windows. The reduction in insurance rates is the bonus, the real benefits are in the daily life routines, the extra noise reduction, the quality heavy sliders, the energy savings. Right now there are six models to view and walk through, they did a nice job featuring different pools, backyards, patios, really giving you a flavor of what you could build on any lot. The models are 3 from the Cypress collection and 3 from the Indigo collection. From the walk through they are mainly fully upgraded, but honestly all builders do that because most buyers do not want the absolute base model. The homes range in size from 1483 under air 2174 overall, up to 4320 under air and 5298 overall.
Special bonus available of 3 percent off base purchase price for active military or veterans, firefighters, police, teachers, medical except for doctors. Also $2500 in upgrades for anyone using preferred lender.
If you have any additional questions or would like to schedule a time to view the community or the area, I can be reached at tom@tomtraub.com or 561-876-4568.
There will be future posts and new communities are developed over the coming years.