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WCI Communities

Full company profile

uuid003dipd

Namestring
WCI Communities
Legal namestring
WCI Communities
Company typeenum
Private
Founded yearint
1946
Descriptiontext

WCI Communities is a Florida-based homebuilder and developer of master-planned residential communities, originally founded in 1946 as Watson Construction Company and headquartered in Bonita Springs, Florida. The company develops amenity-rich master-planned communities where more than 150,000 residents currently live, serving individual home buyers seeking primary residences, second homes, and investment properties across multiple Florida sub-markets including Tampa/Manatee, Naples/Ft. Myers, Sarasota/Manatee, Ft. Lauderdale, Jacksonville, Miami, Orlando, Palm Beach, and other regions. Its core offering is the construction and sale of new homes within these planned communities, with a positioning focused on the Florida luxury home segment.

The company operates a direct-to-consumer go-to-market model: prospective buyers browse available homes through an SEO-optimized corporate website with state and city-specific landing pages, search/filter and map-browsing tools, and a home-buying quiz; they then convert via physical model home tours across the Florida footprint or through phone-based inside sales. Revenue is generated on a one-time transactional basis per home sale, with unit pricing varying by community, floor plan, location, and features — no recurring or subscription revenue component is present. No proprietary technology stack, AI/ML capabilities, or differentiated digital product surface was identified in the source material; the technology layer is limited to standard website browsing, mapping, and lead-capture functionality.

Since August 2016, WCI Communities has operated as a wholly-owned subsidiary of Lennar Corporation (NYSE: LEN) following an approximately $800 million acquisition that took the company private. Prior to the acquisition, WCI was an independent publicly traded company (NASDAQ: WCI). The company employs 501-1,000 people and inherits the operational scale, national footprint (32 states via Lennar), and supply-chain leverage of its parent while retaining its brand identity within Lennar's Florida luxury portfolio. The firm has also been recognized as a Fortune 100 Best Companies to Work For, reflecting workplace/cultural positioning.

Short descriptiontext

WCI Communities is a Florida-based developer of luxury master-planned residential communities serving individual homebuyers across multiple Florida sub-markets, operating as a wholly-owned subsidiary of Lennar Corporation since its 2016 acquisition.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersBonita Springs, United States
HQ citystring
Bonita Springs
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
master-planned communities, luxury homebuilding, new home construction, residential real estate, single-family homes
Industry2 codes
1Multi-Family Residential Construction (Apartments, Condos, Townhomes)
CodeIMAFABABPrimaryYes
2Spec Home / Production Homebuilding (Tract & Volume Builders)
CodeIMAFABADPrimaryNo
NAICS code2 codes
  • New Housing For-Sale Builders236117
  • Residential Building Construction2361
SIC code2 codes
  • Real Estate6500
  • Land Subdividers & Developers (No Cemeteries)6552
Product category
Residential Home Construction
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1New Home Sales
TypeOne Time License
Description

Lennar generates revenue through the sale of newly constructed homes. Homebuyers purchase completed homes or homes under construction through direct sales. Revenue is generated on a one-time transaction basis per home sale rather than recurring revenue.

lennar.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Marketing or Sales, Personnel, Others
Pricing details1 tier
1Pricing varies by community, floorplan, and location
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Home prices are not publicly disclosed online. Customers must contact Lennar directly or visit communities for pricing information.

lennar.com
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

WCI Communities develops master-planned residential communities in Florida where over 150,000 residents live in amenity-rich neighborhoods. The company builds and sells newly constructed single-family homes across multiple Florida markets including Tampa/Manatee, Naples/Ft. Myers, Sarasota/Manatee, Orlando, and Miami, operating as a brand/subsidiary within Lennar Corporation's national homebuilding platform.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

The source data provided is about Lennar Corporation (a national homebuilder operating in 32 states), not WCI Communities. No product or service information for WCI Communities was found in the provided source data.

Product and service2 records
1Master-Planned Residential Communities
CategoryResidential Community Development
2New Construction Homes in Florida
CategoryResidential Home Construction
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

D.R. Horton is the largest US homebuilder by closing volume, with broad national coverage including significant Florida operations. It directly competes with WCI in entry-level through move-up segments, overlapping with WCI's lower-priced communities.

TypeDirect peer
Description

Lennar is both WCI's parent company and the largest US homebuilder by volume. It directly competes with and operates WCI's communities, building single-family and multi-family homes across 32 states with significant Florida exposure.

TypeDirect peer
Description

Taylor Morrison is a top US homebuilder with strong Florida presence, including luxury master-planned communities. It serves a similar affluent buyer profile and competes directly with WCI in Florida move-up and luxury segments.

TypeBroad incumbent
Description

PulteGroup is a top-3 US homebuilder with brands (Centex, Pulte, Del Webb, John Wieland) spanning entry-level to active-adult luxury. Its Del Webb brand directly competes with WCI in Florida retirement/active-adult communities.

TypeDirect peer
Description

Tri Pointe Homes operates multiple regional luxury and move-up homebuilder brands, including Maracay in Arizona and Pardee Homes in California. It competes with WCI in the premium and master-planned community segments in select markets.

TypeBroad incumbent
Description

NVR is a major US homebuilder (Ryan Homes, NVHomes) operating across the East Coast and Mid-Atlantic. While less concentrated in Florida, it competes with WCI in master-planned community formats and is comparable in land-light operating model.

TypeBroad incumbent
Description

M/I Homes is a national homebuilder with operations across the Midwest, Mid-Atlantic, and Southeast, including Florida. It competes with WCI in move-up and luxury segments within overlapping Florida submarkets.

TypeDirect peer
Description

Toll Brothers is the leading US luxury homebuilder, with extensive Florida operations including master-planned communities. It is the most direct competitor to WCI in the Florida luxury segment, serving affluent buyers with amenity-rich communities.

TypeBroad incumbent
Description

KB Home is a national homebuilder with operations across the West Coast, Southwest, and select Southeast markets. It competes with WCI in entry-level and first-move-up segments in overlapping markets.

TypeDirect peer
Description

GL Homes is a Florida-focused luxury homebuilder known for large master-planned communities in South Florida. It is one of WCI's most direct Florida luxury competitors with a similar amenity-rich community model.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

WCI Communities

Residential Home Constructionwcicommunities.com

WCI Communities is a Florida-based developer of luxury master-planned residential communities serving individual homebuyers across multiple Florida sub-markets, operating as a wholly-owned subsidiary of Lennar Corporation since its 2016 acquisition.

What WCI Communities does

WCI Communities is a Florida-based homebuilder and developer of master-planned residential communities, originally founded in 1946 as Watson Construction Company and headquartered in Bonita Springs, Florida. The company develops amenity-rich master-planned communities where more than 150,000 residents currently live, serving individual home buyers seeking primary residences, second homes, and investment properties across multiple Florida sub-markets including Tampa/Manatee, Naples/Ft. Myers, Sarasota/Manatee, Ft. Lauderdale, Jacksonville, Miami, Orlando, Palm Beach, and other regions. Its core offering is the construction and sale of new homes within these planned communities, with a positioning focused on the Florida luxury home segment.

The company operates a direct-to-consumer go-to-market model: prospective buyers browse available homes through an SEO-optimized corporate website with state and city-specific landing pages, search/filter and map-browsing tools, and a home-buying quiz; they then convert via physical model home tours across the Florida footprint or through phone-based inside sales. Revenue is generated on a one-time transactional basis per home sale, with unit pricing varying by community, floor plan, location, and features — no recurring or subscription revenue component is present. No proprietary technology stack, AI/ML capabilities, or differentiated digital product surface was identified in the source material; the technology layer is limited to standard website browsing, mapping, and lead-capture functionality.

Since August 2016, WCI Communities has operated as a wholly-owned subsidiary of Lennar Corporation (NYSE: LEN) following an approximately $800 million acquisition that took the company private. Prior to the acquisition, WCI was an independent publicly traded company (NASDAQ: WCI). The company employs 501-1,000 people and inherits the operational scale, national footprint (32 states via Lennar), and supply-chain leverage of its parent while retaining its brand identity within Lennar's Florida luxury portfolio. The firm has also been recognized as a Fortune 100 Best Companies to Work For, reflecting workplace/cultural positioning.

WCI Communities firmographics

Firmographics
Name
WCI Communities
Legal name
WCI Communities
Website
https://wcicommunities.com
Company type
Private
Founded year
1946
Operating status
Operating
Headcount range
501–1,000 employees
Short description
WCI Communities is a Florida-based developer of luxury master-planned residential communities serving individual homebuyers across multiple Florida sub-markets, operating as a wholly-owned subsidiary of Lennar Corporation since its 2016 acquisition.
Ownership category
akta.pro rank

WCI Communities industry classification

Industry
Product category
Residential Home Construction
NAICS
New Housing For-Sale Builders (236117), Residential Building Construction (2361)
SIC
Real Estate (6500), Land Subdividers & Developers (No Cemeteries) (6552)
akta.pro primary industry
Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)
akta.pro secondary industry
Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

Keywords

  • Master-planned communities
  • Luxury homebuilding
  • New home construction
  • Residential real estate
  • Single-family homes

Where WCI Communities is headquartered

Location

Headquarters

HQ city
Bonita Springs
HQ country
United States
HQ region
North America

Markets served

WCI Communities business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Marketing or Sales, Personnel, Others

Revenue model

  1. New Home Sales: Lennar generates revenue through the sale of newly constructed homes. Homebuyers purchase completed homes or homes under construction through direct sales. Revenue is generated on a one-time transaction basis per home sale rather than recurring revenue.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goPricing varies by community, floorplan, and location

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

WCI Communities product offering

Product offering

Core offering

WCI Communities develops master-planned residential communities in Florida where over 150,000 residents live in amenity-rich neighborhoods. The company builds and sells newly constructed single-family homes across multiple Florida markets including Tampa/Manatee, Naples/Ft. Myers, Sarasota/Manatee, Orlando, and Miami, operating as a brand/subsidiary within Lennar Corporation's national homebuilding platform.

Product overview

The source data provided is about Lennar Corporation (a national homebuilder operating in 32 states), not WCI Communities. No product or service information for WCI Communities was found in the provided source data.

Differentiator

Problem solved

Functional benefit

Products and services

  • Master-Planned Residential Communities
  • New Construction Homes in Florida

Companies that use WCI Communities

Customer profile

Segments1 record

Ideal customer profiles1 record

WCI Communities technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

WCI Communities partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

WCI Communities competitors and assessment

Company assessment

Broad incumbents

  • D.R. Horton: D.R. Horton is the largest US homebuilder by closing volume, with broad national coverage including significant Florida operations. It directly competes with WCI in entry-level through move-up segments, overlapping with WCI's lower-priced communities.
  • PulteGroup: PulteGroup is a top-3 US homebuilder with brands (Centex, Pulte, Del Webb, John Wieland) spanning entry-level to active-adult luxury. Its Del Webb brand directly competes with WCI in Florida retirement/active-adult communities.
  • NVR, Inc. NVR is a major US homebuilder (Ryan Homes, NVHomes) operating across the East Coast and Mid-Atlantic. While less concentrated in Florida, it competes with WCI in master-planned community formats and is comparable in land-light operating model.
  • M/I Homes: M/I Homes is a national homebuilder with operations across the Midwest, Mid-Atlantic, and Southeast, including Florida. It competes with WCI in move-up and luxury segments within overlapping Florida submarkets.
  • KB Home: KB Home is a national homebuilder with operations across the West Coast, Southwest, and select Southeast markets. It competes with WCI in entry-level and first-move-up segments in overlapping markets.

Direct peers

  • Lennar Corporation: Lennar is both WCI's parent company and the largest US homebuilder by volume. It directly competes with and operates WCI's communities, building single-family and multi-family homes across 32 states with significant Florida exposure.
  • Taylor Morrison: Taylor Morrison is a top US homebuilder with strong Florida presence, including luxury master-planned communities. It serves a similar affluent buyer profile and competes directly with WCI in Florida move-up and luxury segments.
  • Tri Pointe Homes: Tri Pointe Homes operates multiple regional luxury and move-up homebuilder brands, including Maracay in Arizona and Pardee Homes in California. It competes with WCI in the premium and master-planned community segments in select markets.
  • Toll Brothers: Toll Brothers is the leading US luxury homebuilder, with extensive Florida operations including master-planned communities. It is the most direct competitor to WCI in the Florida luxury segment, serving affluent buyers with amenity-rich communities.
  • GL Homes: GL Homes is a Florida-focused luxury homebuilder known for large master-planned communities in South Florida. It is one of WCI's most direct Florida luxury competitors with a similar amenity-rich community model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

WCI Communities social profiles

Digital presence

WCI Communities financial estimates

Financial estimate

Revenue estimate

Valuation estimate

WCI Communities leadership team

Management profile

Number of profiles

Profiles1 record

WCI Communities funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

WCI Communities M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WCI Communities

What does WCI Communities do?

WCI Communities develops master-planned residential communities in Florida where over 150,000 residents live in amenity-rich neighborhoods. The company builds and sells newly constructed single-family homes across multiple Florida markets including Tampa/Manatee, Naples/Ft. Myers, Sarasota/Manatee, Orlando, and Miami, operating as a brand/subsidiary within Lennar Corporation's national homebuilding platform.

Is WCI Communities a public or private company?

WCI Communities is a private company. It is classified as corporate owned and is currently operating.

When was WCI Communities founded?

WCI Communities was founded in 1946. It employs 501 to 1,000 people.

Where is WCI Communities based?

WCI Communities is headquartered in Bonita Springs, United States, in the North America region.

How does WCI Communities make money?

One revenue line is on record: new Home Sales.

Who are WCI Communities's main competitors?

Broad incumbents on record are D.R. Horton, PulteGroup, NVR, Inc., M/I Homes and KB Home. Direct peers are Lennar Corporation, Taylor Morrison, Tri Pointe Homes, Toll Brothers and GL Homes.

Does WCI Communities have an API?

No public API is recorded for WCI Communities.

What industry is WCI Communities in?

WCI Communities's product category is Residential Home Construction. Its primary akta.pro industry code is IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes), with a secondary code of IMAFABAD, Spec Home / Production Homebuilding (Tract & Volume Builders). Its NAICS code is 236117 and its SIC code is 6500.

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Contact sales
Live signals
PR NewswireBH Group buys 6.8 Acres Oceanfront Development Land in Palm Coast, FloridaBH Group has closed on the acquisition of a 6.8-acre oceanfront development land in Palm Coast, Florida, on May 30, 2024, purchasing the asset from WCI Communities. The land is the last large parcel in the Hammock Dunes Master Plan and is fully entitled for 128 luxury condos across a 12-story and 7-story building. BH Group plans to unveil project details in the coming months, marking one of many recent high-profile development land acquisitions for the firm.PR NewswireLennar Announces Plans For WildBlue 3,000 Acre Master Planned Community In Estero, FLLennar Corporation announced plans to develop WildBlue, a 3,000-acre master planned community in Estero, Florida, centered on 872 acres of lakes and 1,329 acres of preserve land. The gated community will include approximately 1,000 homes with prices ranging from the $400,000s to over $4 million, with Lennar partnering with Pulte, Stock Development and WCI Communities as committed homebuilders. The development is anticipated for 2019 and will feature amenities including kayaking, boating and paddle boarding, targeting buyers seeking a lakefront lifestyle in Southwest Florida.PR NewswireWeissLaw LLP: Notice of Dismissal Without Prejudice of Bushansky v. WCI Communities, Inc. Putative Class Action and Agreement Upon Attorneys' FeesLennar Corporation completed its acquisition of WCI Communities, Inc. on February 10, 2017, after WCI stockholders approved the transaction. Two shareholder lawsuits challenging the acquisition—one in Delaware Court of Chancery and another in Florida federal court—were both dismissed, with the latter voluntarily dismissed on March 22, 2017 and the former dismissed with prejudice on May 8, 2017. WCI has agreed to pay $100,000 in attorneys' fees to settle the plaintiffs' counsel fee applications arising from these dismissed actions.PR NewswireLennar Completes Acquisition of WCI CommunitiesLennar Corporation completed its acquisition of WCI Communities, Inc. for approximately $643 million, or $23.50 per share, gaining a portfolio of about 13,700 homesites across Florida coastal markets along with WCI's real estate brokerage and title services businesses. The company elected to pay the purchase price entirely in cash rather than the originally planned 50% stock structure, which Lennar's CEO characterized as equivalent to a $321 million stock repurchase, citing strategic reasons including the acquisition of established high-margin communities versus purchasing raw land. Lennar expects significant synergies from the combination and anticipates a smooth transition that will strengthen its leading market position in Florida.PR NewswireResidential Construction Stocks on Investors' Radar -- Lennar, TRI Pointe, Gafisa, and WCI CommunitiesThis article is a pre-market stock roundup from Stock-Callers.com covering four residential construction companies — Lennar Corp., TRI Pointe Group Inc., Gafisa S.A., and WCI Communities Inc. — with all four stocks showing modest gains in Friday trading on January 20, 2017. Key highlights include Lennar's completion of a $600 million senior notes offering, Barclays initiating 'Overweight' ratings on both Lennar and TRI Pointe, and Gafisa posting the strongest performance with a 37.84% gain over the past month. The article is promotional content designed to drive readers to the publisher's paid research report registration pages.PR NewswireLennar Prices $600 Million of Senior Notes at 4.125%Lennar Corporation priced an underwritten public offering of $600 million of 4.125% Senior Notes due 2022, with closing expected on January 20, 2017. The company expects to receive approximately $596 million in net proceeds after underwriting fees, intended to fund the cash consideration for its acquisition of WCI Communities, Inc., along with related costs and general corporate purposes. The notes will pay semi-annual interest at 4.125% per annum, commencing July 15, 2017.PR NewswireLennar Reports Fourth Quarter EPS of $1.34Lennar Corporation reported fourth quarter 2016 net earnings of $313.5 million ($1.34 per diluted share), up 11% from $281.6 million ($1.21 per diluted share) in Q4 2015, with full-year net earnings of $911.8 million ($3.93 per diluted share) representing a 14% year-over-year increase. The company delivered 8,228 homes in Q4 (up 7%) and generated revenues of $3.4 billion (up 15%), while its Lennar Financial Services and Multifamily segments both posted significant earnings growth. Lennar also announced it entered into a merger agreement in September 2016 to acquire WCI Communities, pending stockholder approval expected in January 2017.PR NewswireHow These Residential Construction Stocks are Faring? -- Lennar, TRI Pointe, WCI Communities, and GafisaA Stock-Callers.com analysis assessed four residential construction stocks on December 8, 2016, examining technical indicators including trading volumes, moving averages, and RSI. Lennar Corp. shares closed 2.24% higher at $45.67, TRI Pointe Group rose 3.23% to $13.11, WCI Communities fell 0.21% to $23.45, and Gafisa finished flat at $1.22. The article presents routine market data without reporting any significant corporate events, earnings announcements, or strategic developments for any of the featured companies.PR NewswireTechnical Roundup on Industrial Goods Stocks -- Lennar, TRI Pointe, Toro, and Snap-onStock-Callers.com published a sector overview covering Lennar Corp., TRI Pointe Group, The Toro Co., and Snap-on Inc. on November 3, 2016, providing stock price movements, trading volumes, and technical indicators for each company. Lennar's go-shop period for the WCI Communities acquisition expired on October 27, 2016, with the merger approved by WCI's board, while Raymond James upgraded Lennar stock from 'Outperform' to 'Strong Buy' on October 31. TRI Pointe Group reported Q3 2016 earnings with net income down 37% year-over-year, new home orders down 6%, and backlog down 14%, while Snap-on reported Q3 2016 net sales of $834.1 million, up 1.5% year-over-year, with operating earnings improving to 23.0% of revenues.PR NewswireWCI Communities Announces Expiration of "Go-Shop" Period Under Merger AgreementWCI Communities announced the expiration of its 35-day "go-shop" period regarding its merger agreement with Lennar Corporation, confirming that no superior acquisition proposals were received. Consequently, WCI's board has unanimously approved the deal, under which Lennar will acquire all outstanding shares for $23.50 per share in cash and stock. The companies plan to file proxy materials for a shareholder vote expected in December 2016 or January 2017.