FL Star is reporting 45 closings for 2021 as the final home sites have sold out at Arrowhead Reserve, a community of single-family homes located off Lake Trafford Road in Immokalee.
“All of the 150 homes sites in the community have been sold,” said Gary Hains, vice president of FL Star, developer of Arrowhead Reserve. “We have 45 closings to report for 2021. We expect to close the final 28 homes by April 2022.”
Hains said that the community has experience a fast and steady pace of sales, with buyers taking advantage of low interest rates and FL Star’s pricing for new construction, which remained among the lowest in the area.
“The quality of construction and the interior features included was a big draw for buyers,” he said. “We included many items that are upgrades with other builders, such as wooden kitchen cabinets with granite countertops and all kitchen appliances, and washer and dryer in the laundry room.”
The fact that FL Star’s sales representatives worked with buyers to secure the best financing options available made the process easier for buyers, he noted.
“Immokalee is a great community for families,” Hains said. “There are so many recreational opportunities in the area. Nearby is the 1,500-acre Lake Trafford, which tourism brochures describe as ‘a fisherman’s utopia’. There is the excellent farmer’s market and live entertainment at the Seminole Casino Hotel. All that is available in the area added to the community’s attraction.”
For more information about FL Star, visit FL-Star.com. FL Star is a conglomerate of real estate entities lead by David E. Torres and Gary Hains. FL Star’s current projects include Vanderbilt Apartments, a new 48-unit apartment community on Vanderbilt Beach Road; Hammock Park Apartments, a 265-unit community soon to start construction at the corner of Collier Blvd. and Rattlesnake Hammock Road; Milano Lakes, a 296-unit luxury apartment community, and Sapphire Cove, a new residential community in South Naples. FL Star is also building a selection of single-family homes in Golden Gate Estates and custom homes throughout Naples. In addition to construction and development activities, the company provides management services for commercial and industrial buildings for real estate owners and condominium associations including maintenance, collection of rents and financial reporting.