SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 15
to
SCHEDULE 13G
of
Alec Engelstein
Filed on February 5, 1999
Information Statement Pursuant to Rules 13d-1 and 13d-2
ENGLE HOMES, INC.
---------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
---------------------------------------------------------------
(Title of Class of Securities)
292896 10 7
-------------------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement
[ ]. (A fee is not required only if the filing person: (1) has a
previous statement on file reporting beneficial ownership of more
than five percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such class.) (See
Rule 13d-7).
CUSIP No. 292896 10 7
(1) Name and Social Security No. of Reporting Person
Alec Engelstein
------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ] (yes) (b) [ ] (no)
(3) SEC Use Only ________________________________________________
(4) Citizenship or Place of Organization United States
------------------------
Number of (5) Sole Voting Power 2,681,312
Shares Bene- ---------
ficially (6) Shared Voting Power 232,468
Owned by ---------
Each Report- (7) Sole Dispositive Power 2,681,312
ing Person ---------
With (8) Shared Dispositive Power 232,468
---------
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person 2,913,780
---------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) [ ]
(11) Percent of Class Represented by Amount in Row (9) 27.8%
---------
(12) Type of Reporting Person (See Instructions) IN
---------
Item 1(a). Name of Issuer:
Engle Homes, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
123 N.W. 13th Street
Suite 300
Boca Raton, Florida 33432
Item 2(a). Name of Person Filing:
Alec Engelstein
(the "Reporting Person")
Item 2(b). Address of Principal Business Office:
123 N.W. 13th Street
Suite 300
Boca Raton, Florida 33432
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
292896 10 7
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), identify the status of the person filing.
Not applicable.
Item 4. Ownership.
Set forth below is certain information regarding the
Reporting Person's beneficial ownership of Common Stock
of Engle Homes, Inc., as of December 31, 1998.
(a) Amount beneficially owned: 3,185,780(1)
(b) Percent of class: 27.8%
(c) Number of shares as to which the Reporting Person
has:
(i) Sole power to vote or to direct the vote:
2,953,312
(ii) Shared power to vote or direct the vote:
232,468(2)
(iii) Sole power to dispose or to direct the
disposition of: 2,953,312
(iv) Shared power to dispose or to direct the
disposition of: 232,468(2)
________________
(1) Includes 272,000 shares subject to options.
(2) Represents 232,468 shares held of record by Sheila Engelstein, the
Reporting Person's wife.
Item 5. Ownership of Five Percent or Less of a Class.
If this Statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of
Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
February 5, 1999 /s/ ALEC ENGELSTEIN
-------------------
Alec Engelstein
