Toll Brothers has acquired a 21-acre section of the closed Heron Bay Golf Course in Parkland for $19.5 million, with plans to build 52 single-family homes on the site. The property, located at 11773 Northwest 70th Place, was sold by the city of Parkland, according to public records and information from real estate database Vizzda.
The purchase price equates to approximately $933,461 per acre. The proposed residential development, Saltgrass at Heron Bay, will feature four- and five-bedroom homes ranging from 2,632 square feet to more than 4,000 square feet. Each home will have either a three-car or four-car garage. According to Toll Brothers’ project website, presales and construction have not yet begun. Asking prices are projected to start at $1.6 million.
Toll Brothers is led by CEO Douglas C. Yearley Jr., and secured the project through a city solicitation process held in 2023 that sought proposals from homebuilders for redeveloping the former golf course.
After the closure of the 223-acre Heron Bay Golf Course in 2019, North Springs Improvement District purchased it for $32 million in 2021. The district kept about 150 acres for stormwater management and open space purposes; another portion is designated as a memorial honoring victims of the 2018 Marjory Stoneman Douglas High School shooting.
In 2023, Parkland acquired part of the site for $25.4 million and opened it up for redevelopment proposals via its municipal website. Toll Brothers outbid ten other developers for the opportunity to buy and develop this segment of land; K. Hovnanian Homes and Mattamy Homes ranked second and third in the selection process.
Founded in Philadelphia in 1967 by Bruce E. Toll and Robert I. Toll, Toll Brothers is known as a luxury homebuilder with projects that also include apartment developments.
Developers across South Florida have increasingly targeted defunct golf courses as potential sites due to limited available land between natural barriers like the Atlantic Ocean on one side and the Everglades on the other (https://therealdeal.com/miami/2023/01/17/golf-course-redevelopment-boom-in-south-florida-faces-hurdles/). Other recent examples include Lennar’s joint venture with BH Group on a former Aventura-area golf course and 13th Floor Homes’ planned community at Tamarac’s closed Woodlands Country Club.
