Palm Investments debuts sub-$250K new home in Inverness

By AI, Created 11:26 AM UTC, May 20, 2026, /AGP/ – Palm Investments of Citrus County has finished the first home in its Sabal Palm Inverness line and will hold a public open house May 9 in Inverness, Florida. The $247,000 new build targets first-time buyers in a market where under-$250,000 construction is rare.

Why it matters: - Palm Investments of Citrus County is trying to fill a gap in Central Florida housing with a new-construction home priced below $250,000. - The Sabal Palm series targets buyers who want a fixed payment, no HOA fees and no deferred maintenance. - The listing lands in a price band that is hard to find for new builds in the region.

What happened: - Palm Investments completed construction at 3292 E Porter Street in Inverness, Florida. - The home is the first delivery in the Sabal Palm Inverness series of attainable new-build homes. - A public open house is set for Saturday, May 9, 2026, from 11 a.m. to 2 p.m. ET. - The home is listed at $247,000 through Brenden Rendo of NextHome Neighborhood Realty.

The details: - The house has 3 bedrooms and 2 bathrooms. - The home measures 1,076 square feet on a 0.22-acre lot in the Inverness Highlands community. - Construction uses solid concrete block. - Interior finishes include luxury vinyl plank flooring throughout and quartz kitchen counters. - The appliance package includes a refrigerator, range, dishwasher, microwave, washer and dryer. - Every system in the home is new and covered by a three-year bumper-to-bumper builder warranty. - The property has no homeowners association fees or restrictions. - The home is approximately eight minutes from Downtown Inverness and Old Main Street. - The property is about 10 minutes from the Withlacoochee State Trail and 12 minutes from Lake Henderson and Liberty Park. - The open house is open to the public and requires no appointment. - Visitors can tour the home, meet the builder and listing agent, and receive printed details on the Sabal Palm series. - Optional RSVPs are available through Eventbrite via the open house registration. - The listing page is available at the property website.

Between the lines: - The launch suggests Palm Investments sees demand from first-time buyers who are priced out of much of Florida’s new-home market. - The builder is packaging standard starter-home features with a warranty and no HOA to make the property easier to compare against rental costs. - Brenden Rendo said the home is rare because it combines block construction, upgraded finishes, appliances and a full warranty at a rent-competitive price. - Robert Reich said the Sabal Palm series is intended to give buyers brand-new construction without the usual price tag.

What’s next: - Palm Investments is using the open house to introduce the Sabal Palm series to buyers in Citrus County and the wider Central Florida corridor. - The company is positioning the line as an entry-level option for buyers who want new construction and lower monthly housing risk. - NextHome Neighborhood Realty says the listing will be presented as one of the few first-time-buyer options in this price range.

The bottom line: - Palm Investments is betting there is real demand for a sub-$250,000 new home in a market where that product is nearly gone.