Coral Ridge Country Club’s Lots are Almost Sold Out
The Enclave at Coral Ridge Country Club development is nearly sold out with most of the 36 lots having been purchased. The development only has 6 of the remaining 36 lots remaining that are designed to be built as master-planned residences in a gated community. Prices are from $800,000 to $1.4 million.
The Enclave is one of the last sites in Fort Lauderdale where a home buyer can purchase a lot of this size. It has been reported by the managing partner of the development that they are seeing common buyer profiles including a mix of international buyers and younger families.
The featured builders for the homes include both Bomar Builders and Grey Door Luxury Homes. Although buyers do not have to work with either entity, they must build their home so that it be consistent with the design standards that are set forth and governed by an architectural review board.
The concept for the Enclave began back in 2004. Terry Stiles and Phil Smith bought the Coral Ridge Country Club and the adjacent 75 acre parcel that was the American Golfers Club golf course. Following a growing trend of repurposing golf courses, shopping centers or other similar properties into developments, Stiles and Smith are doing the same in this location. Given the void of available land parcels along with a declining interest in golf, the two sought their plans to cater to the growing need for more housing.
Last year Stiles and the family of Smith, who died the year before, saw their development off Federal Highway begin to gain traction with the sale of 18 lots. The year prior in 2016, the partnership had built The Enclave Shops at Coral Ridge, a 27,300-square-foot center located at the entrance to the new residential development.
The Fresh Market is the center’s anchor tenant and earlier this year, SunTrust Bank erected a branch on the north side of the entrance. The Enclave also negotiated with the city to create a 5-acre park near the front of the development that features outdoor workout equipment as well as a walking trail that is open to the public.