What's in this guide
Overview: What Is Announced
K. Hovnanian Homes is the builder. The company closed on a nearly 40-acre Sanford site for a reported 12.6 million dollars and plans 100 single-family homes on 75-by-120-foot estate lots, in a community it has named Palmetto Pointe.
Source: GrowthSpotter (Orlando Sentinel), 2025-07-30.The plan, per the reporting: five home models ranging from about 2,715 to 4,288 square feet with three to five bedrooms, including one plan with a separate first-floor living area, plus a community pool with a cabana. The builder expected to break ground within roughly six to eight weeks of the closing, with homes potentially completed during the following summer.
Source: GrowthSpotter (Orlando Sentinel), 2025-07-30.Quick Facts (All Sourced)
| Category | What is announced |
|---|---|
| Status | Coming Soon. No homes are for sale as of June 5, 2026. |
| Builder | K. Hovnanian Homes (land closed 2025) |
| Location | Near E. Lake Mary Boulevard between Orlando Sanford International Airport and Lake Jesup, Sanford, ZIP 32773 |
| County | Seminole County |
| Site | Nearly 40 acres, reported 12.6 million dollar purchase |
| Planned scale | 100 single-family homes on 75-by-120-foot estate lots |
| Product | Five models, 3 to 5 bedrooms, about 2,715 to 4,288 sq ft; one plan with separate first-floor suite |
| Announced amenities | Community pool with cabana (planned) |
Every row above comes from the sourced reporting cited on this page. Plans for unbuilt communities change. Treat all of it as announced intent, not a contract.
Location & Context
Palmetto Pointe sits south of the Orlando Sanford International Airport and just north of conservation land abutting Lake Jesup, near E. Lake Mary Boulevard in Sanford. The estate-lot positioning, on 75-by-120-foot homesites, is unusual for a corridor that has seen a wave of smaller-lot townhome plans recently.
Source: GrowthSpotter (Orlando Sentinel), 2025-07-30.The practical geography: the Lake Mary Boulevard corridor connects Sanford to I-4 and the Lake Mary employment cluster, and the area sits near Lake Jesup conservation land. Proximity to the airport is a convenience and a consideration depending on the exact lot; walk the site and check the flight paths before you commit.
For the surrounding Seminole County and north Orlando context, start here:
What Is Planned
What has been announced for Palmetto Pointe: 100 single-family homes on 75-by-120-foot estate lots, five models of three to five bedrooms ranging from about 2,715 to 4,288 square feet, one plan offering a separate first-floor living suite, and a community pool with a cabana.
Source: GrowthSpotter (Orlando Sentinel), 2025-07-30.No pricing has been published by the builder as of June 5, 2026. The builder expected to break ground within weeks of the 2025 land closing, with completions potentially in the following summer; treat those as targets until the sales office opens.
Source: GrowthSpotter (Orlando Sentinel), 2025-07-30.Taxes & Costs Context
You cannot compute a real tax bill for a home that does not exist yet, but you can frame the county math now.
Palmetto Pointe sits in the Sanford area of Seminole County, so a buyer should expect city or county plus school plus any applicable district millage depending on the exact municipal boundary. For context, the Seminole County figure in our FY2025-26 millage file is a typical total of about 15.18 mills, and actual parcel totals vary by municipality and taxing district, so treat it as a planning number, not a quote.
Source: Momentum Realty millage file (FY2025-26, seeded from county property appraisers and Florida TaxWatch county averages), plus our Seminole County property tax guide.Estate-lot communities of this size commonly carry HOA dues for shared amenities like the planned pool and cabana. Nothing has been published for Palmetto Pointe yet, so we are not quoting a number. When the builder publishes HOA figures, they will appear here with a source.
The structural note that applies to every new build: the first-year tax bill is often assessed on land value only, then resets to the full improved value the following year. On larger estate homes, that second-year jump is meaningful. Budget the second-year number.
Schools
The site is inside the Seminole County Public Schools district. School assignment for a brand-new address is set by the district and can change as boundaries are redrawn, so confirm the assignment for a specific address with the SCPS school locator rather than relying on third-party estimates this early.
The Timeline
This is the dated record of how Palmetto Pointe has moved from announcement toward opening. It grows as facts land.
- 2022K. Hovnanian originally filed plans for the 100-lot community called Palmetto Pointe, per the reporting. Source: GrowthSpotter (Orlando Sentinel), 2025-07-30.
- July 2025K. Hovnanian closes on the nearly 40-acre Sanford site for a reported 12.6 million dollars and decides to build homes for sale; groundbreaking expected within roughly six to eight weeks, with completions potentially the following summer. Source: GrowthSpotter (Orlando Sentinel), 2025-07-30.
As of June 5, 2026 the builder has closed on the land and signaled a near-term groundbreaking. New-community timelines move; treat dates as targets until models open.
Palmetto Pointe is pre-opening, which is exactly when information is scarcest and decisions are hardest. Drop your details and we will send updates as the builder publishes pricing, floor plans, HOA figures, and opening dates, and we will connect you with an agent who works for you, not the builder. No obligation, no spam.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Seminole County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Seminole County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Recent Developments in Palmetto Pointe
Development, infrastructure, retail, and school activity affecting Palmetto Pointe, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.
- October 2025Infrastructure
CFX board approves the preferred route for a Sanford airport connector
The Central Florida Expressway Authority governing board unanimously approved Alignment 2A as the preferred alternative in the SR 417 Sanford Airport Connector PD&E study. The roughly two-mile connector would link SR 417 to the Orlando Sanford International Airport entrance at or near Red Cleveland Boulevard off East Lake Mary Boulevard, and the board directed staff to identify funding partners for the estimated 200.4 million dollar project, which currently faces a toll revenue shortfall.
What it may mean for the marketIf funding comes together, a direct expressway link near East Lake Mary Boulevard may change access patterns around the airport district north of Palmetto Pointe, though the project's timing remains uncertain.
Source: Central Florida Expressway Authority - July 2025Builder Activity
K. Hovnanian closes on nearly 40-acre Sanford estate-lot site for Palmetto Pointe
GrowthSpotter reported K. Hovnanian closed on a nearly 40-acre Sanford site for about $12.6 million and plans 100 single-family homes on 75-by-120-foot estate lots in a community named Palmetto Pointe, with five models from about 2,715 to 4,288 square feet and a community pool and cabana. Groundbreaking was expected within roughly six to eight weeks.
What it may mean for the marketAn estate-lot single-family plan stands out in a Sanford corridor that has seen many smaller-lot townhome proposals, which could broaden the area's product mix.
Source: GrowthSpotter (Orlando Sentinel) - May 2025Retail & Dining
Queens Crossing retail details revealed on E Lake Mary Boulevard
New details were filed for the initial retail phase of Queens Crossing, a 27-acre mixed-use development at 4604 Zanzibar Way east of Orlando Sanford International Airport off E Lake Mary Boulevard. The first phase totals 23,363 square feet and is slated to include a tire store, quick service restaurants, a dental office, a bank, and a Dunkin location.
What it may mean for the marketNew storefronts on the E Lake Mary Boulevard corridor could add everyday retail options within a short drive of the Palmetto Pointe site.
Source: GrowthSpotter - April 2025Development
Sanford corridor draws additional townhome proposals
GrowthSpotter coverage of the Lake Mary Boulevard area in Sanford documented a wave of new townhome proposals from multiple builders, the broader development context around the Palmetto Pointe site between the airport and Lake Jesup.
What it may mean for the marketA concentration of new residential filings on the same corridor can indicate builder confidence in the submarket, while also adding future supply and traffic.
Source: GrowthSpotter (Orlando Sentinel)
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in the Orlando Metro.
Frequently Asked Questions
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Who is the best real estate agent for Palmetto Pointe in Sanford, FL: What We Know So Far (2026) Real Estate?
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