GL Homes, PulteGroup, and Hearthstone just paid a combined $107.4 million for 164 home sites in Palm Beach Gardens. Here's what you need to know about this master-planned community.
Key Takeaways
- GL Homes, PulteGroup, and Hearthstone paid a combined $107.4 million for 164 lots in Avenir.
- Avenir is a 4,752-acre master-planned community with 3,900 planned homes in Palm Beach Gardens.
- The Avenir Town Center Publix opened May 21, 2026, with the full nearly 200,000-square-foot Town Center activating through Summer 2026.
Three top South Florida homebuilders jointly bought 164 homesites at Orchid Isles in Avenir, Palm Beach Gardens, for $107.4 million. GL Homes acquired 42 sites for $28.1 million ($669,000 each), DiVosta Homes bought 62 for $40.3 million ($650,000 each), and Hearthstone purchased 60 for $39 million ($650,000 each). All purchases were from Kenco Communities, led by Ken Endelson.
What is Avenir?
Avenir is a 4,752-acre master-planned community in Palm Beach Gardens, designed as a self-contained town. The full buildout includes 3,900 residential units, 400,000 square feet of retail, 200,000 square feet of medical offices, a 300-key hotel, and a 2,400-acre nature preserve (roughly 50% of the entire site).
As Larry Mastropieri noted on the Discover South Florida Podcast: "You're basically building a whole new city. I know it's technically Palm Beach Gardens, but it's Avenir. At full buildout, you're looking at thousands of residential units, retail, medical office, a hotel, and even a massive nature preserve."
The community uses multiple top-tier builders across different neighborhoods, giving each section its own character. Active builders include GL Homes, DiVosta, Toll Brothers, and now Hearthstone, each developing distinct residential pods.
Featured neighborhoods and builders in Avenir
- Panther National (Custom): Ultra-luxury golf community with homes from $4.5M to $20M+
- Apex at Avenir (GL Homes): The largest subcommunity, starting in the $900s
- Esprit (Kolter Homes): 55+ active adult community, starting in the $800s
- L'Ambiance (Kolter Homes): Boutique luxury homes, starting in the $800s
- Solana Bay (Akel Homes): Modern waterfront homes, starting in the $900s
- Regency (Toll Brothers): 55+ active adult community, high $700s+
What makes Avenir different from other communities?
Avenir's lifestyle infrastructure sets it apart from most large-scale communities. The entire development is connected by dedicated golf cart paths. Residents can travel from their homes to the Publix, the clubhouse, or the restaurants without getting in a car. A working farm on site provides fresh produce to local shops.
The Avenir Town Center Publix opened on May 21, 2026, marking a major milestone for the community. The 49,000-square-foot flagship store features an upstairs seating area with ramen bowl and sushi options, along with a Publix Liquors adjacent to the main store. The broader Town Center spans nearly 200,000 square feet and is activating through Summer 2026 with close to 20 tenants. Confirmed openings include Kitchen, Seppe Pizza Bar, H&H Bagels, Field of Greens, Taki Kappo (an omakase concept), Walgreens, Sloan's Ice Cream, Smoke and Maple Restaurant, Playa Bowls, Sal's Italian Ristorante, Venetian Nail Spa, Kevin James Salon, Carmela Toast and Coffee Bar, Mr. Golf Cart, deFabrique Aesthetic Dentistry, and Velocity Community Credit Union.
Panther National, a Jack Nicklaus-designed golf community spanning 392 acres within Avenir, secured a $160 million construction loan in 2024. A golf community with that level of financing inside the same master plan adds a premium amenity layer that supports pricing across the entire community.
Considering new construction in Palm Beach Gardens? Talk to a Palm Beach Gardens real estate agent who understands Avenir's different neighborhoods and builders. Reach out to The Mastropieri Group or call (561) 556-9853.
Why are these builders betting this big right now?
At $650,000 to $669,000 per home site, these builders are paying a significant land premium that only makes sense if they expect finished homes to sell in the $1.5 million to $3 million range or above. That confidence reflects what the Palm Beach Gardens luxury market has been doing.
GL Homes separately dropped $80 million on 192 acres in Westlake in January 2026, signaling that their conviction in Palm Beach County land is broad, not limited to Avenir alone. The builder also launched Nomar in West Palm Beach with homes starting at $1.5 million.
The combined $107.4 million in a single community in a single period is a strong institutional signal. When multiple major public and private builders converge on the same zip code at the same time, it typically precedes a sustained period of price appreciation in the surrounding submarket.
What does this mean for buyers?
As Larry explained: "We just had a client sell in Boca for around $2 million after buying years ago for about $800,000. Then he moved into Avenir and bought something newer, bigger, and better for significantly less. That's the kind of value shift you're seeing."
For buyers watching the market, Avenir offers a different value proposition than established communities closer to the coast. The trade-off is location (further west) for newer construction, more space, and integrated amenities that many older communities cannot match.
Nearby Westlake offers a similar master-planned approach at a different price point. For buyers seeking ultra-luxury golf communities, Bear's Club in Jupiter represents the high end of the market. The choice depends on budget, lifestyle priorities, and how much the golf cart-connected town center experience matters.
FAQs about Avenir in Palm Beach Gardens
How big is Avenir?
Avenir spans 4,752 acres in Palm Beach Gardens. The full buildout includes 3,900 residential units, 400,000 square feet of retail, 200,000 square feet of medical offices, a 300-key hotel, and a 2,400-acre nature preserve.
Which builders are active in Avenir?
GL Homes, PulteGroup's DiVosta Homes, Toll Brothers, and Hearthstone all have active projects within Avenir. Each builder develops distinct neighborhoods with their own character and price points.
How much did builders pay for lots at Orchid Isles?
GL Homes: $28.1M for 42 sites ($669K each). DiVosta: $40.3M for 62 sites ($650K each). Hearthstone: $39M for 60 sites ($650K each). Combined total: $107.4M.
When does the Avenir Town Center open?
The flagship Publix opened on May 21, 2026. The broader Town Center spans nearly 200,000 square feet and is activating through Summer 2026 with close to 20 tenants including restaurants, retail, wellness services, and a Walgreens pharmacy.
What amenities does Avenir have?
Avenir features dedicated golf cart paths connecting the entire community, a working farm, the Avenir Clubhouse with resort pools and fitness, Panther National golf course (Jack Nicklaus design), and the now-open Town Center with retail and dining.
Local help for buyers in Palm Beach Gardens
If you are buying, selling, or investing in Palm Beach Gardens, Jupiter, or anywhere in Palm Beach County, understanding which builders and neighborhoods fit your lifestyle matters. Reach out to The Mastropieri Group, Realtors®.
For practical, hands-on support across the region, call (561) 556-9853.
Posted by Larry Mastropieri
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