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Meritage Homes to develop 700-home community in Orlando, Fla.

Meritage Homes Corp. plans to develop a more than 200-acre community in Orlando, Fla., with more than 700 lots.

The Hawk's Crest community will include 250 townhomes and 458 single-family homes, along with a number of amenities.

The community will be built in phases and is expected to open for sale in late 2018, with first closings expected in early 2019.

The homes will range from three to six bedrooms, with an expected price range between $260,000 and $635,000.