2 of 5
BACKNEXT
Jupiter, Fla.
Jupiter, Fla.
A new home in the Mallory Creek development
Type of development: Medium-priced single-family homes and townhouses
Number: 500
Price: $240,000 to $600,000

With all the housing market problems in Florida, where plunging prices and high foreclosure rates are the norm, there are still a few bright spots. In Jupiter, Fla., DiVosta Homes, a division of Pulte Homes, is in the midst of building a 500-home community.

Called Mallory Creek, the development includes townhouses starting at 1,400 square feet and single-family homes ranging up to 3,600 square feet. Currently, 200 homes are occupied, reported company spokesman Ryan Marshall, and another 50 houses are in various stages of construction. The final 250 are expected to be completed by next year. "It's defied the odds of what's happening right now in south Florida," Marshall said.

Marshall attributed part of the success of Mallory Creek to its location in a 2,000-acre area called Abacoa that's being developed under a master plan. The design incorporates a downtown with shops, restaurants, a workout center and other urban amenities. And because it features many different home styles and price points, there is a greater diversity for the community, from young singles and families to empty-nesters.

"It appeals to a wide range of buyers," said Marshall.

NEXT: Charlotte, N.C.
Last updated April 07 2009: 10:14 AM ET
More Galleries
These 10 food trends could dominate 2015 So long, kale. Here's what's expected to shake up the food industry next year. More
Beyond Russia: Geopolitical hot spots in 2015 Investors beware: These 5 global crises are likely to rattle the stock market and world economy. More
These 20 antique guns could fetch big bucks Morphy Auctions in Pennsylvania is putting nearly 1,000 old guns on the block. Here are just a few. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.