Toll Brothers will soon join the growing list of homebuilders active in Lake County’s booming Wellness Way corridor.
The Pennsylvania-based luxury homebuilder will be working with developer GT USA on homes within Panther Run —the biggest project in Wellness Way — stretching from U.S. Highway 27 to the Orange County line.
Last September, GT USA paid $165 million for 2,321 acres of former agricultural land, nearly doubling the county’s previous sale record set just three months prior.
GT USA COO Doug Bruk confirmed Toll Brothers will be working with the developer on its project but could not “divulge further details at this time.”
Bruk told GrowthSpotter at the time of the sale last year that the company had deals with Ashton Woods and Dream Finders Homes for Panther Run.
Dustin Bowersett, Toll Brothers VP of Land Acquisition, first announced the pending deal recently during the UCF Real Estate Conference.
The company’s average home selling price in 2024 was around $977,000, making it one of the most expensive production builders in the U.S. Toll Brothers has neighborhoods at various price points across Central Florida, including in Lake Nona, Sunbridge, and at The Brix in Orlando’s Packing District. In recent years, the company has expanded its presence in Lake County, first by taking a position in Bella Collina, a gated golf community in Monteverde popular with celebrities and athletes.
Toll Brothers’ homes in Bella Collina are on all 100-foot lots and routinely sell for over $2 million. One recently completed estate home, located on Lake Siena, sold twice in just a few months after its former owners moved for a job transfer after only six months living in the home.
Toll Brothers also signed a deal earlier this year to deliver Lake Hills — a 560-lot active adult community — on nearby Lake Harris. Located across one of the county’s premier golf resorts, Mission Resort + Club, Lake Hills will be the largest Toll Brothers community in the Orlando market and its first active adult offering.
Toll Brothers is far from the only homebuilder making big moves along Wellness Way. Developers spent over $440 million last year on land just in the Wellness Way area, making it the most desirable acreage in Central Florida. Those include two of the largest homebuilders in the nation: Lennar and Pulte.
Toll Brothers will join the growing list of homebuilders active in the Wellness Way area.Lennar has over 2,500 homes in active development in Wellness Ridge; and Pulte has three projects underway in the area, including Parkside Trails, which opened for sales in late 2024. Pulte also paid $90 million last year for 518 residential acres of the Schofield master-planned community nearby.
“Wellness Way is an exciting new development area that will benefit from a new transportation network and expanded connectivity to SR 429 as well as the entertainment, commercial, and retail services available at both the Hamlin Town Center and along US 27 in Clermont,” Max Perlman, VP of land acquisition at Pulte, told GrowthSpotter last year. “Wellness Way offers the best of both worlds with a great school district to boot. We think Wellness Way will be very popular with buyers with a for-sale product nearing buildout in the adjacent Horizon West.”
Taylor Morrison also broke ground earlier this year on Esplanade at McKinnon Groves, a 658-home resort community on Hartwood Marsh Road.
Atlanta-based Beazer Homes locked down the 120-acre Trout Creek subdivision, just south of the Olympus Sports + Wellness District, starting development later this year on its 341 homesites.
David Weekley Homes is the exclusive homebuilder in Olympus, and Trinity Family Builders is still selling homes in the Ridgeview just south of Olympus.
Have a tip about Central Florida development? Contact me at jwilkins@orlandosentinel.com or 407-754-4980. Follow GrowthSpotter on Facebook and LinkedIn.
