GL Homes plans July 12 lottery for Tuscany project near Delray Beach
Friday, June 27, 2014
By Paul Owers, Sun Sentinel
Buyers may need some luck next month for a chance at a new home in the Tuscany development near Delray Beach.
GL Homes announced Friday that it will hold a lottery at 9:30 a.m. July 12 as it launches sales at the project on the north side of Atlantic Avenue, just east of Florida's Turnpike.
The 454 single-family homes are priced from the low $300,000s to the $400,000s, though not all lots will be released for sale on the first day.
Sunrise-based GL says it has more than 3,000 names on a waiting list. The lottery eliminates the need for overnight campers, who have staked out other GL projects in the past.
As values rise, many young buyers find themselves priced out of the existing-home market. If they do find a place, they likely have to compete with investors. What's more, new homes in the Delray Beach and Boca Raton areas typically cost $600,000 or more.