Toll Brothers has acquired a 21-acre portion of the former Heron Bay Golf Course in Parkland for $19.5 million, with plans to build 52 single-family homes on the site. The property is located at 11773 Northwest 70th Place and was sold by the city of Parkland, according to public records and real estate database Vizzda.
The price equates to approximately $933,461 per acre. According to Toll Brothers’ website, the new development—Saltgrass at Heron Bay—will feature four-bedroom and five-bedroom homes ranging from 2,632 square feet to over 4,000 square feet. Each home will have either a three-car or four-car garage. Presales and construction have not yet begun, but asking prices are expected to start at $1.6 million.
Toll Brothers CEO Douglas C. Yearley Jr. leads the company, which secured the project after winning a city solicitation for redevelopment in 2023.
The Heron Bay Golf Course closed in 2019. In 2021, the North Springs Improvement District purchased the entire 223-acre course for $32 million. The district retained about 150 acres for stormwater management and open space; another section was set aside as a memorial for victims of the Marjory Stoneman Douglas High School shooting in 2018.
In 2023, Parkland bought part of the remaining land for $25.4 million and sought proposals from developers for its redevelopment. Toll Brothers outbid ten other firms—including K. Hovnanian Homes and Mattamy Homes—to secure rights to develop this section.
Founded in Philadelphia in 1967 by Bruce E. Toll and Robert I. Toll, Toll Brothers is known as a luxury homebuilder that also develops apartments.
Developers have increasingly targeted South Florida golf courses as sites for new housing due to limited available land between natural boundaries like the Atlantic Ocean and Everglades (https://therealdeal.com/miami/2024/04/15/lennar-bh-group-launch-sales-at-former-ventura-golf-course/). Other recent projects include Lennar’s joint venture with BH Group on a former golf course near Aventura and plans by Miami-based 13th Floor Homes for more than 300 homes on Tamarac’s closed Woodlands Country Club (https://therealdeal.com/miami/2023/08/09/judge-greenlights-woodlands-country-club-redevelopment-in-tamarac/).
