Lake Haven project moves forward

by | Jun 10, 2021 | Latest

Two major homebuilders have made inroads in Farmers­ville by purchasing 1,838 lots in the development known as Lake Haven.

The 453-acre master-planned community is located adjacent to Hwy 78 and County Road 550.

Green Brick Partners Inc. has teamed up with Meritage Homes for a 50/50 partnership to develop the property first identi­fied as Lake Haven in 2019. Ac­cording to a news release issued by Green Brick, the developers anticipate construction to start in February 2022. It is expected to include 40 – 60 foot lots within multiple stages of development. As of now, home sales will begin in Fall 2023.

Green Brick Partners plans to offer homes through its subsid­iary Trophy Signature Homes brand. Meritage Homes plans to build 919 single-family homes in three different floorplan se­ries designed to appeal to fami­lies or empty nesters. Based on home closings in 2020, Meritage Homes is known as the sixth largest homebuilder in the U.S. Several neighboring communi­ties such as Brookside in Princ­eton, Lavon Farms in Lavon and Ranch Park Village in Sachse offer Meritage Homes with price points starting around $325,000.

For the full story, see the June 10 issue or subscribe online.

From Staff Reports[email protected]

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