Avatar Properties Inc.’s Tampa Division Nearly Doubles 2004 Goals As Sales Momentum Continues

November 23, 2004

The Tampa division of Avatar Properties Inc. based in Coral Gables, Florida, reports that sales of new homes in its Cory Lake Isles neighborhood remain strong for the third straight quarter with 27 single family homes sold during the three-month period.  Since the company began building in the New Tampa master planned community located near Interstate 75 and Bruce B. Downs Boulevard last August, Avatar reports total sales of 156 homes for $57,098,000. Cory Lake Isles is Avatar’s first venture into the homebuilding market in the Tampa area.

“We are 86 percent over our projected goal for 2004 of 78 new home sales,” states David Pardue, division manager of Avatar’s Tampa division. “We surpassed our annual goal early in the second quarter with a total of 118 new homes sold during the first six months. Considering the recent challenges Mother Nature hurled upon the Florida region, our third quarter sales are quite remarkable,” adds Pardue. 

Cory Lake Isles is a planned 600-home gated community situated along the 165-acre Cory Lake suitable for fishing, boating, and other water sports and 17,000 acres of adjacent wooded preserves. A 6,000 square foot beach club, state of the art fitness center, tennis and basketball courts and a roller blade hockey rink provide additional entertainment for Cory Lake Isles’ homeowners.

Avatar offers new residents of Cory Lake Isles a selection of over 18 Mediterranean-style homes from three distinct collections priced from the $200s to the $600s. The standard Avatar home features tile roofs, stucco exteriors and brick pavers on the driveways with a variety of floor plans of one and two-story designs ranging from 1,707 to 5,404 square feet of living space with three, four, five and six-bedroom options.

For more information on Avatar’s development within Cory Lake Isles, visit www.MyCoryLakeIsles.com or call the sales center at 866.580.9876 or 813.989.6037. 

Avatar Properties, Inc, is a nationally acclaimed master-planned community developer and home builder currently building in Poinciana, SoliVita and Bellalago in metro Orlando and Cory Lake Isles and Sterling Hill in greater Tampa. Avatar was rated as the largest volume builder in Central Florida in 2003 with $292.8 million in revenue in an annual poll conducted by the Orlando Business Journal. Poinciana was named America’s third best selling master-planned community in 2003 in a survey conducted by Robert Charles Lesser & Co., a leading independent real estate advisory firm in Bethesda, Maryland. Avatar was the only Florida home builder to receive an APEX Award from Big Builder magazine in 2003 for America’s most Innovative Product Design and another for America’s second Most Admired Builder. Avatar’s latest credit was the Grand Award for Best Community for Bellalago in the 2004 Metro Orlando Parade of Homes.

For more information, contact Francesca Vereb, marketing manager of the Central Florida Division of Avatar Properties Inc. at (407) 933-5000. 

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For more information, contact Kim Keenan at 941.359.1386 or via email at .