Zoning unanimously approved for 2nd phase which would nearly double Daytona project to 6,650
DAYTONA BEACH — Having recently sold its 500th home in just 11 months, the developer of the Latitude Margaritaville community going up along LPGA Boulevard is now one step closer to extending it north to State Road 40.
The Daytona Beach City Commission on Wednesday night voted unanimously to approve the comprehensive plan zoning for developer Minto Communities’ planned second phase of its Jimmy Buffett-themed “55-and-better” community.
The 1,614 acres Minto has under contract to buy from landowner Consolidated-Tomoka Land Co. now has city approval for up to 3,250 homes, which would double the size of the fast-growing Latitude Margaritaville community on the west side of Interstate 95.
The 1,581-acre first phase, which Minto paid $27.2 million to acquire from Consolidated-Tomoka in February 2017, is zoned to allow up to 3,400 homes.
“It’s obviously good news and shows the progress of phase one,” said John Albright, the president and CEO of Consolidated-Tomoka.
Noting the fast-pace of home sales at Latitude Margaritaville, which is now zoned to allow up to 6,650 homes, Albright said, “It’s probably the most successful development in the United States right now.”
As of Monday, 184 homes have now been built at the Daytona Beach community with another 130 currently under construction, said Bill Bullock, president of Minto’s Latitude Margaritaville division, which includes a similarly Jimmy Buffett-themed active-adult community being built in Hilton Head, South Carolina.
Bullock said his company is stepping up new home construction activity to an average of 11 new starts a week beginning this month, up from its previous average of nine per week.