Homebuilder D.R. Horton Inc. of Los Angeles has purchased a 14.73-acre property in San Marcos for approximately $17.5 million, according to CoStar Group.

The seller of the land was HomeFed Corp. of Carlsbad. The site is off Double Peak Drive, north of San Elijo Road.

The land will be subdivided into 54 lots, for a new development known as Altaire II, according to CoStar.

— SDBJ Staff Report