The Delray Beach builder just added another $25.6 million to its Avenir position, pushing total investment past $117 million across roughly 1,000 lots in Palm Beach Gardens' largest master plan.
- Kolter paid $25.6 million for 222 homesites across two August 2026 transactions.
- Total Kolter investment at Avenir now exceeds $117 million for approximately 1,000 lots.
- Avenir is planned for 3,900 homes, 400,000 SF of retail, 1.8 million SF of office, and a 300-key hotel.
Kolter's purchase of 222 more homesites at Avenir is a strong signal that Palm Beach Gardens' largest master-planned community is working. Builders are coming back for more lots because homes are selling, infrastructure is arriving, and the resale market is already active. With 3,900 planned residences, retail, office, a hotel, a nature preserve, and Panther National, Avenir is not just another subdivision. It is becoming a new city in northern Palm Beach County. According to The Real Deal, the latest purchases bring Kolter's total Avenir investment past $117 million.
What did Kolter buy?
A Kolter entity paid $16.6 million for 144 homesites on August 18, followed by $9 million for 78 sites the next day. That is $25.6 million for 222 homesites in back-to-back transactions. The seller is Landstar Development Group, the Coral Gables-based master developer behind Avenir. Partners include Rudy Stern, David Serviansky, Roberto Horwitz, Eduardo Stern, Bernard Eckstein, and Rosa Eckstein Schechter.
This is not Kolter's first or second purchase at Avenir. In 2023, they bought 144 lots for $18 million. In 2024, they added 491 sites for $73.6 million. The August 2026 deals push the total past $117 million for roughly 1,000 homesites. Kolter has already completed two neighborhoods with homes priced above $800,000.
Why does Kolter keep coming back?
The product keeps selling. Palm Beach County single-family home sales were up 12.7% year-over-year last month, with supply decreasing, according to Miami Realtors data cited by The Real Deal. That is the environment Kolter is buying into: tighter inventory and sustained demand at the price points they build at.
As Larry Mastropieri explained on the Discover South Florida Podcast: "A lot of the buyers I have worked with in Avenir are looking around $1 million to $1.2 million. In that range, you can find a four-bedroom, four-bath home with new construction, high ceilings, open floor plans, and great bones. That is a good little neighborhood."
He added: "The highest resale I saw in Avenir was around $7.8 million, and that looked like Panther National. So yes, you can get into real luxury inside Avenir. There is a wide range of product, from more approachable homes to very high-end custom-style inventory."
What is Avenir becoming?
Avenir opened in 2020 on land that was a cattle ranch just eight years earlier. Landstar bought the former Vavrus Ranch for $20 million in 2012. Today, the community spans 4,752 acres and is planned for 3,900 residential units (mostly single-family), 400,000 square feet of retail, 1.8 million square feet of office space, a 300-key hotel, and a 2,400-acre nature preserve.
The commercial core is arriving. Avenir Town Center opened in Summer 2026 with a 49,000-square-foot Publix, restaurants including Seppe Pizza Bar and H&H Bagels, and more retail to follow. Multiple builders are active: GL Homes paid $28.1 million for 42 sites, and PulteGroup's DiVosta Homes paid $40.3 million for 62 sites. Toll Brothers, Kenco Communities, K. Hovnanian, and Akel Homes are also building in the community.
Panther National, the Tiger Woods and Justin Thomas-designed private golf club, is the community's luxury anchor. Custom estate homes there range from $3 million to over $20 million, with invitation-only membership and initiation fees between $400,000 and $500,000.
Considering new construction in Palm Beach Gardens? Talk to a Palm Beach Gardens real estate agent who tracks builder inventory and pricing across Avenir. Reach out to The Mastropieri Group or call (561) 556-9853.
Where does this fit in Kolter's portfolio?
Avenir is not Kolter's only bet in South Florida. The Delray Beach-based builder, led by CEO Bobby Julien, has sponsored more than $40 billion in residential projects across the Southeast. Recent coverage includes Alton Delray (386 apartments with a $92 million construction loan), The Sutton in Palm Beach Gardens (432 apartments with a $107.8 million construction loan), and a proposed 18-story condo at Flagler House in West Palm Beach.
In 2019, Kolter paid $52 million for 270 acres in the Westlake development in western Palm Beach County. Between Avenir and Westlake, Kolter is positioning itself as one of the most active builders in the region's fastest-growing corridor.
Watch the Full Discussion: This Segment | Full Episode | Last Week's Recap
Frequently Asked Questions about Avenir and Kolter's Investment
What is Avenir in Palm Beach Gardens?
Avenir is a 4,752-acre master-planned community in Palm Beach Gardens. At full buildout, it will include 3,900 residential units, 400,000 square feet of retail, 1.8 million square feet of office space, a 300-key hotel, a 2,400-acre nature preserve, and the private Panther National golf club. The community opened in 2020.
Is Avenir a good place to buy a home?
Avenir has attracted over $117 million from Kolter alone, plus significant investment from GL Homes, DiVosta, Toll Brothers, and other national builders. The community offers new construction across a wide price range, from homes starting around $825,000 to custom estates over $7 million at Panther National. With Town Center retail now open, a nature preserve, and strong resale activity, Avenir is one of the most active master-planned communities in Palm Beach County.
What are home prices at Avenir?
Home prices at Avenir range widely. Kolter's L'Ambiance neighborhood starts around $825,000. Buyers looking for move-in-ready new construction typically find options between $1 million and $1.5 million. At the high end, Panther National offers custom estates from $3 million to over $20 million.
Who are the builders at Avenir?
Active builders at Avenir include Kolter Homes, GL Homes, DiVosta Homes (PulteGroup), Toll Brothers, Kenco Communities, K. Hovnanian, and Akel Homes. Each builder develops distinct neighborhoods with different product types and price points.
What is Panther National at Avenir?
Panther National is a private golf community within Avenir featuring an 18-hole course co-designed by Tiger Woods and Justin Thomas with a Jack Nicklaus Signature layout. Membership is invitation-only, with initiation fees ranging from $400,000 to $500,000. Custom estate homes range from $3 million to over $20 million.
Local help for buyers in Palm Beach Gardens
If you are considering new construction at Avenir or anywhere in Palm Beach Gardens, understanding builder inventory, pricing, and community timelines matters. Reach out to The Mastropieri Group, Realtors®.
For practical, hands-on support across Palm Beach County, call (561) 556-9853.
Posted by Larry Mastropieri
Enjoy this blog post? Click here to subscribe for updates
Leave A Comment