Two new neighborhoods are coming to Daytona Beach’s LPGA corridor, adding 463 single-family homes nestled within the golf course.
Two new neighborhoods are coming to Daytona Beach’s LPGA corridor, adding 463 single-family homes nestled within the golf course.
Both neighborhoods will be located east of LPGA Boulevard, the final plats approved by the city of Daytona Beach on Oct. 6.
Local developer Parker Mynchenberg’s firm is engineer of the developments for Meritage Homes, a national homebuilder based in Arizona.
“These are two subdivisions that are in the old part of LPGA, so they’re kind of both infill,” Mynchenberg told the Volusia County Council on Tuesday. “So finally LPGA is going to be developed out. That helps the golf course, restaurant there, et cetera.”
LPGA International (Courtesy of LPGA International)
Meritage Homes of Florida is paying more than $2.9 million in proportionate fair share agreements for the new neighborhoods, 99% of which is going to the county for road improvements:
• $1.8 million for Legends Preserve, which will add 264 homes on 141 acres
• $1.1 million for Links Terrace, a 57-acre development adding 199 homes
County Engineer Tadd Kasbeer said this money will help fund the widening of Williamson Boulevard to four lanes from Strickland Range Road north to Hand Avenue.
Kasbeer said there also will be LPGA Boulevard improvements down the line, including to the bridge crossing Interstate 95, which he hopes the Florida Department of Transportation will largely fund.
“We want to try and leverage their budget as much as possible and minimize the impact to ours, but any of our proportionate fair share moving forward, we would start gathering and it would supplement whatever DOT doesn’t (pay for) on LPGA,” he told the county council.
Meritage Homes also owns two New Smyrna Beach developments, Sarinna Lakes and The Palms at Venetian Bay. Homes are priced at about $300,000 and up.
Mynchenberg said development likely won’t slow down in the LPGA area anytime soon.
“Quite a few projects coming your way,” he said. “My office designed quite a few and has a few more. They’re all subject to fair share, so there’ll be more checks coming.”
A private island just steps from the Seth Raynor design is headed back to the market.
PALM BEACH, Florida — A private island just steps from the ultra-exclusive Everglades Club is headed back to the market with a price tag of at least $120 million, according to the developer whose investment group paid a record $85 million for it in July with plans to renovate a 1930s-era house there.
Todd Michael Glaser is expected to list the 2.27-acre property this fall. But the price would soar, perhaps to $200 million — or possibly more — if the sale includes the town-approved renovation-and-expansion project.
No property in Palm Beach has ever carried a publicly marketed price tag approaching $200 million, according to records in the Palm Beach Board of Realtors Multiple Listing Service.
The Wall Street Journal first reported the news this week of the upcoming listing. Glaser confirmed the prices for the Palm Beach Daily News, part of the USA Today Network.
A rendering shows the renovation-and-expansion project developer Todd Michael Glaser has planned for 10 Tarpon Way on private Tarpon Island in Palm Beach. (Courtesy Todd Michael Glaser)
The club, which includes an 18-hole course, has hosted a who’s who of elite Florida families — Vanderbilt, Phipps, Dodge, Pillsbury, Pulitzer and Sanford. And the Huttons of E.F. Hutton. And the Posts of Marjorie Merriweather Post.
Recently celebrating its 100th anniversary in 2019, the Everglades Club has been known for taking “private” to the extreme. It is believed to have about 1,000 members, with room for 1,500, but never has officially provided a members list. It discourages publication of photos taken at the club.
It doesn’t have a website and prohibits cellphones, even in club offices and on the golf course.
Speaking of the golf course, it was designed by famed golf course architect Seth Raynor and sits on a beautiful piece of property between A1A and Lake Worth Lagoon.
As for the island and home, the Palm Beach Landmarks Preservation Commission approved almost all of Glaser’s plans to partially demolish and renovate the 12,321-square-foot house on the island back in August, and build an 18,000-square-foot addition next to it.
The property will be re-listed by broker Lawrence Moens of Lawrence A. Moens Associates, Glaser confirmed. Moens couldn’t be reached for comment.
When Glaser and his investors bought the property, the sale set a record for a lakefront property without additional ocean frontage.
“It’s such an opportunity to be able to build one house on its own island in Palm Beach, and that’s what’s attractive to us,” Glaser told the landmarks board.
The original, British West Indies-style house at 10 Tarpon Way was designed by architect Howard Major and completed in 1939. The property has a swimming pool, a private dock and a lighted tennis court, the latter a rarity in Palm Beach.
In June, the town designated the house historically significant at Glaser’s request.
The renovation approved by the town would preserve a portion of the existing house, which would be connected to the new addition by an open breezeway. The new home would have six bedrooms and a six-car garage, according to the project’s architect, Roger Janssen of Dailey Janssen Architects. The project would include a tennis pavilion.
Just west of Everglades Island, Tarpon Island is the only private island in Palm Beach. In all, the rectangular island has about 1,300 feet of frontage on the Intracoastal Waterway. The property is connected by a short bridge to Island Road, which connects Everglades Island to the rest of Palm Beach.
Glaser and his investors bought the property from private investor William Toll and his wife, Eileen, who have purchased a house in West Palm Beach.
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In the private July sale, agent Jim McCann of Premier Estate Properties represented the Tolls. Agent Suzanne Frisbie of the Corcoran Group was the lead agent who acted on behalf of Glaser.
In March, Glaser and an investment group paid a recorded $18.5 million for the former Palm Beach house of the late disgraced financier and sex offender Jeffrey Epstein. Glaser later cleared the property and made plans to develop a new residence on speculation on the lot at 360 El Brillo Way.
The Kent State Board of Trustees authorized moving forward with the sale of two parcels on the former KSU Golf Course in Franklin Township.
Two offers have been made on sections of the former Kent State University Golf Course, and the university’s Board of Trustees voted Wednesday to allow the sales to go through.
One property, located at the corner of Route 59 and Powdermill Road, extends south to the railroad tracks crossing the course and is 41.77 acres, according to Dr. Mark Polatajko, Kent State’s senior vice president for finance and administration.
The Kent State Golf Course closed at the end of 2016 after 50 years in operation and a five-year trend of declining revenues and mounting operating losses. Kent State purchased the 18-hole par 70 course in Franklin Township in 1966.
The offer to buy the 41.77 acres was $1.2 million, which reflects the land’s fair market value, according to a memo presented by trustees.
Covering 45 acres, the outdoor portion of the practice area features a 350-yard tree-lined practice range (to create a real fairway feel) with four Bentgrass target greens with greenside bunkers and swales positioned to simulate different distances. There’s also a 10,000-square foot putting green and short-game practice area.
The second piece of property was authorized for sale by trustees in September 2020, but, “as a result of a subsequent survey and lot split, the actual acreage of the parcel was determined to be 39 acres,” according to a memo attached to the September resolution, which was revised to reflect the sale of 39 acres rather than 25.
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“The buyers have revised their offer,” said Polatajko, explaining they increased it to reflect the fair market value of the property, which is $487,000.
According to Kent State University, Jason Thigpen and Michael Cone have completed their purchase of the 39-acre parcel south of the railroad tracks off Powdermill Road. The university has not disclosed the prospective buyer of the 41.77-acre property fronting Route 59. The Realtor also has not identified the prospective buyer.
In May 2019, the university announced its decision to sell 270 acres valued at about $6.3 million as part of its strategic master plan. Stouffer Realty has been marketing the land.
According to area economic development officials speaking when the land went on the market, the land has good potential as a commercial development.
Reporter Bob Gaetjens can be reached bgaetjens@recordpub.com and @bobgaetjens_rc. Golfweek’s Adam Woodard contributed to this report.
If you live in chilly climes, this is about the time you start fantasizing about a move to a warmer region.
We’re guessing you’ve settled into a routine this winter, watching golf on TV while hoping spring is fast approaching so you can get back on the links.
If you live in chilly climates, this is about the time you start fantasizing about a move to a warmer region of the country, one in which you make 18 holes a daily staple.
With that in mind, we’re rolling out another edition of golf course properties currently for sale, with a few in warmer spots that will be sure to please.
But for those still looking for functionality, we’ve added a couple from areas in which skiing and golf coexist.
