SOURCE: WCI Communities

WCI Communities

November 15, 2011 08:15 ET

WCI Communities Sells 50 New Homes in Parkland's Heron Bay

New Homesites Released as Company Meets Sales Projections

BONITA SPRINGS, FL--(Marketwire - Nov 15, 2011) - WCI Communities announced today that 50 new homes are now under contract in Parkland's Heron Bay, meeting the company's aggressive residential sales projections. Half of the homes in Heron Bay's Phase I and Phase II are now sold and new homesites have been released. WCI began sales of its 196 new homes in May.

"We are finding a growing demand in South Florida of buyers opting for new construction rather than remodeling existing homes," said Douglas L. Schwartz, Senior Vice President of WCI Communities. "Numerous factors are driving the sales: Heron Bay's numerous amenities, current historically-low interest rates, the homes' energy efficient design and modern design features, and Parkland's schools, which are ranked among the top in the nation."

Heron Bay is a master-planned gated community of 3,000 homes on 1,184 acres. Residents of the community enjoy a tropical resort vacation without leaving home. For a low HOA fee, residents have access to amenities that rival many four-star resorts.

Heron Bay offers two spectacular clubhouses: The Commons with 6,000 square feet and the 23,000-square-foot Plaza del Lago. Between the two facilities, Heron Bay offers two resort-style pools, two fitness facilities, a kids' spray park, indoor and outdoor racquetball courts, an arts and crafts room, as well as a tennis center with 10 Har Tru courts and two hard courts and a tennis shop. The community also features biking and walking trails interlaced throughout the community and Heron Bay Golf Club, owned and operated by ClubLink, which hosted the PGA Tour Honda Classic for six years.

Heron Bay's location in Parkland, Florida, is ideal for education. According to Forbes Magazine's 2011 annual review of where housing dollars go the furthest in getting children a great education, the City of Parkland landed eighth overall and first in the category of towns with homes costing between $400,000 to $599,999.

The welcome center, located on Heron Bay Drive just off Coral Ridge Drive, is open seven days a week. The welcome center can be contacted at 954-340-2679.

About WCI Communities
WCI Communities creates amenity-rich, master-planned lifestyle communities, catering to primary, retirement and second-home buyers. The company offers traditional single and multi-family home choices with prices from the mid-$100,000s to just under $1 million. In addition to homebuilding and development, WCI generates revenues from its Prudential Florida Realty business, the second largest residential realty company in Florida; its Wells Fargo-affiliated mortgage services; insurance and title services; and its recreational amenities, as well as through land sales and joint ventures. For more information, visit www.WCICommunities.com.

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