Lennar officials declined comment for this article until they meet with area residents Jan. 31 to discuss plans for the planned 4,000 home community of single-family, multifamily, golf-course enterprise. Information for this article was confirmed by Minneola, FL government staffers.

Lennar hasn't made a formal application for a development permit yet with the East Central Florida Regional Council based in Winter Park, FL. But the homebuilder's officials, headed by president/CEO Stuart A. Miller, have met with elected officials in Minneola (Pop, 5,435) to outline the venture.

Lennar also isn't disclosing the seller or the price paid for the 1,850 acres. But area brokers familiar with land prices in south Lake County tell GlobeSt.com on condition of anonymity the virgin dirt off County Road 561A, just south of another comparable $1 billion planned venture, Sugarloaf Mountain, will come in at about $1 per sf ($43,560 per acre) or a total $80 million.