National homebuilder D.R. Horton paid $9.35 million for a development site just east of Avenir in Palm Beach Gardens.

Northlake 20 LLC, managed by Carlo Aldo Basile in Loxahatchee, sold 16.5 aces on the southwest corner of Northlake Boulevard and Bay Hill Drive, south of the Sandhill Crane Golf Club to the Arlington, Texas-based homebuilder (NYSE: DHI). Property data firm Vizzda confirmed the buyer and seller information.

The property was annexed into Palm Beach Gardens in 2018. D.R. Horton filed a rezoning application for the property in 2021 under the name Vintage Oaks. The plan was approved for 111 townhouses and 366 parking spaces. The site plan by West Palm Beach-based WGI shows a gated community with 20 buildings, two lakes, a pool, a playground and a 3,216-square-foot clubhouse.

Avenir is a new home community that will also include a golf course, a neighborhood retail center and a healthcare district with a community hospital. That should create demand for additional housing on neighboring sites.

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