Providence luxury gated golf community in Davenport is facing a significant gain as a group of developers answer the demand for new construction. Beside the community’s main developer, ABD Development, builders currently constructing new homes in Providence include Park Square, Lennar, Richmond American and D.R. Horton.
Park Square Homes has already begun to build houses in Rosemont Woods, which will be used mainly as short term rentals. The houses will be later managed by the Contempo Group.
Fortune 500 builder Lennar Homes’ new phase of single family homes is being constructed at Lakeside Villas at Providence. A range of larger models are also planned for Victoria Woods. Lennar’s current model homes are situated in the section known as Cortland Woods.
Richmond American Homes, also a Fortune 500 home builder, proposed to finish its model home in Drayton Woods by the end of January. Five spec homes are currently underway.
D.R. Horton will also be offering its line of models in Drayton Woods. The company is the latest developer to get involved in Providence with numerous lots slated for new homes in close proximity to the golf course. Its Emerald division will be developing 91 lots at Fairway Villas, one of the newer areas in Providence.
Located in the Orlando-Kissimmee metropolitan area, Providence broke ground in 2005 and has already pocketed Forbes’ distinction, falling into line with the top ten best real estate investments, though still under development. The business magazine selected the area as #8 on the list of most appealing locations from an entrepreneurial point of view, regions that were calculated to give investors the best return on investment.
Photo credits: Providence Golf Club