Lennar Homes has significantly expanded its presence in Clermont, Florida, with the acquisition of another 180-acre parcel to further develop its Wellness Ridge active adult community. This strategic move marks a significant milestone for the homebuilder, as it introduces its first 55+ community in Central Florida. The property, situated within the thriving Wellness Way development, is entitled for a substantial number of homes, adding to the community’s already impressive growth.
Building upon its previous acquisitions of the original Wellness Ridge property in 2021 and 2023, Lennar has solidified its commitment to the area. The community is now poised to accommodate a total of 1,850 homes, underscoring its popularity and appeal.
As part of the recent transaction, Lennar has also secured school impact fee credits, a valuable asset that will contribute to the construction of an elementary school within the Wellness Way development. These credits will be strategically allocated to the builder’s all-ages community in Wellness Ridge, demonstrating its dedication to supporting local education and infrastructure.
The Wellness Way development itself is experiencing a surge in growth, attracting significant interest from other prominent homebuilders. Pulte Group and Taylor Morrison have also announced plans to develop age-restricted communities in the area, further solidifying its position as a sought-after residential destination.
Lennar’s expansion in Wellness Ridge underscores the increasing demand for active adult communities in Central Florida. The builder’s new land banking spin-off, Millrose Properties Inc., will play a pivotal role in facilitating its future growth and ensuring a steady supply of well-located land parcels.