The next phase of a massive master-planned community in Central Florida is in the works, bringing inventory to a market where new listings have been falling.
Toronto-based homebuilder Mattamy Homes filed plans with the city of Orlando for the next phase of Meridian Parks, a 2,559-acre mixed-use development east of downtown. The plans call for 159 single-family homes and 95 townhouses.
At completion, Meridian Parks is expected to include 4,000 residences. Single-family homes are available in 11 floorplans ranging from three to six bedrooms, starting in the low $500,000s. Two-story townhouses start in the low $400,000s.
Meridian Parks is selling homes in Phase 6, which has 238 homes, Mattamy director of communications Kaitlyn Anderson told Homes.com via email. About 800 homes have been built so far.
The full build-out will also bring in 400,000 square feet of commercial space and 630 acres of nature preserve. Art installations will be placed throughout Meridian Parks that will be refreshed twice a year. Other amenities will include electric car-charging stations, a pool and children’s water play area, a fitness center and outdoor yoga, an event space, an amphitheater, a dog park and other parks and paved nature trails.
New listings down in Orlando
Mattamy was attracted to the project by the proximity to Lake Nona, another master-planned community that has brought top employers to the region, including KPMG and SIMCOM Aviation Training. Meridian Parks is also less than 10 miles from Orlando International Airport.
Orlando’s housing market has hung in limbo in recent months, with the year-over-year median price increasing by 1.2% in July, falling by 1.2% in August and then rising 1.2% again in September, according to data from Homes.com.
Inventory saw a 15% increase in September over the same period in 2024, though new listings fell by 11% year over year for the same month. Orlando was ranked last of the 40 largest markets for percentage change in new listings.