Fort Washington’s Toll Brothers is paying $21.65 million to finally turn a shuttered Florida golf course into a new neighborhood, Brian Bandell for The Philadelphia Business Journal.
The luxury homebuilder acquired the former Cypress Creek Golf Course west of Boynton Beach, a 122.5-acre property that has sat closed since 2018.
Toll Brothers filed plans in 2024 to build 152 single-family homes on the site while preserving 50.2 acres of open space and creating 33.9 acres of lakes. County officials approved the project after the company held an option on the land through the entitlement process.
The deal is part of a growing trend. Dozens of financially struggling golf courses across South Florida have been snapped up by developers over the past decade.
Toll Brothers made a similar move last year, purchasing the shuttered Hidden Valley golf course in Boca Raton for a planned residential community with lakes, a clubhouse, a pool, and pickleball courts.
The company has been expanding aggressively across the South. It acquired Buffington Homes, the largest luxury homebuilder in northwest Arkansas, in April, and won approval in February to build more than 500 homes in North Carolina’s fastest-growing county.
To learn more about the Fort Washington homebuilder’s acquisition, visit The Philadelphia Business Journal.
