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Landsea Closes on Homesites for Florida Community

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Newport Beach-based Landsea Homes Corp. (Nasdaq: LSEA) has closed on homesites for another Florida community, marking the firm’s 23rd active neighborhood in the state.

Landsea acquired 103 homesites in Kissimmee Florida in the Storey Creek master-planned community.

Homes will range from 1,635 square feet to 3,200 square feet, on 60-foot lots. Development will begin this summer with sales launching next spring.

The deal comes a few weeks after Landsea closed on 149 homesites in Sanford, Fla., for a new community called Kentucky Square.

Landsea is the most valuable publicly traded homebuilder with headquarters in Orange County; it counts a market value of $295 million.

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