A 17-acre lot is being cleared at the southeast corner of Idlewild Street and Plantation Road in south Fort Myers. The land will become Addison Square, a community of 52 homes, according to Lee County records.  

Pulte Homes paid $2.4 million for the land in a deal brokered by Chuck Mayhugh of Mayhugh Commercial Advisors. 

The homes will start at more than $500,000 and will range from 1,600 to 3,400 square feet of living space, with most of the homesites clustered along a large, central lake.  

Construction of the model homes is expected to begin by the spring, with some of the homes expected to be finished by the summer, according to Pulte officials. 

“Pulte is excited to offer consumer-inspired, single-family homes in this great location,” Josh Graeve, president of PulteGroup’s Southwest Florida Division, said. “Residents will enjoy a true sense of community.”  

The bulk of the acreage last sold for $315,600 in August 2011 when the late Sylvia Davidson, who held ownership after the death of her husband, sold it to Idlewild of Southwest Florida LLC. That company bought the remaining acreage for $6,200 in December 2011 and held onto both lots as investments until earlier this year, property records show.  

“I sold the property originally to these investors with the idea it would go single-family instead of multifamily,” Mayhugh said. “All of these single-family home projects have been going in to that corridor. That’s really the way we wanted to see it go. It’s just a great use for that area. I’ve spent so much time working in that area for single-family.”