Land west of Delray Beach is currently being cleared to make room for the building and development of 656 new homes. Construction is slated to begin in the fall of 2011 on the Lyons Road homes that will target young families, older adults, and out-of-state buyers.
In a time when new development is rare and many areas of the country are experiencing a double-dip market, Palm Beach County is witnessing an encouraging level of growth.
Not only have home sales in Palm Beach County jumped 21 percent but buyers are also feeling confident in their ability to buy homes that are in move-in condition. They are no longer seeking fixer-uppers or properties that have undergone foreclosure. This is good news for luxury home communities like Steeplechase and Mirasol where pride of ownership has always been a top priority and the homes are more than well-maintained.
The Bridges project on Lyons Road will consist of 656 properties priced from $500,000 to more than $1.5 million.