South Florida Builder Buys Part of Horizons West for $20.12M Cash

ORLANDO-Bigwater Partners LLC, owned by Coral Springs, FL-based Transeastern Homes Inc. and a Central Florida developer for the past six years, has purchased 1,341 acres at the long-planned, 38,000-acre mixed use Horizons West venture near Walt Disney World.

Bigwater paid Orlando-based Daryl M. Carter Trustee $20.12 million cash or $15,004 per acre (34 cents) per sf for the dirt, 10 miles north of Disney and just east of Vineland Road (County Road 535).

The Carter investment group began assembling the tract in the mid-1980s when they paid $3 million or $3,000 per acre (seven cents per sf) for their first acquisition, according to a published report.