Orlando, FL. (November 9, 2021) – Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today that it has closed on 69 homesites for a new community of single-family homes, The Groves in Grand Island, Florida.

“We are excited to build The Groves, our first new home community in this booming area, just an hour north of Orlando,” said Jed Lowry, Corporate Vice President, Florida and NYC Metro Divisions of Landsea Homes. “The Groves presents an opportunity to introduce new homebuyers to the high quality, high performance homes that Landsea Homes is known for, and that are attainably priced for entry level and first time home buyers.”

Construction is slated to begin in December. Homes are expected to be for sale in summer 2022.

The Groves is located on 27 pristine acres, nestled between a triad of lakes: Lake Eustis, Lake Yale and Lake Griffin, all of which offer prime opportunities to fish, hike, bike or go boating year-round. It is also close to Wedgewood Golf Club.