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  <TITLE> Avatar Holdings Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	July 26, 2007
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  	Avatar Holdings Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	001-07395
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  	231739078
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	201 Alhambra Circle, Coral Gables, Florida
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  	33134
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	1-305-442-7000
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  5.02 (e)<br><br>On July 26, 2007, Charles L. McNairy, an Executive Vice President and the Treasurer of Avatar Holdings Inc. (the "Company"), notified the Company that he will retire at the close of business on August 3, 2007, for health reasons.  The Company entered into an Amendment (the "Amendment"), dated July 26, 2007, to the Restricted Stock Unit Agreement dated July 22, 2004 (the "RSU Agreement"),  between the Company and Mr. McNairy.  The Amendment provides that on August 3, 2007, the 12,500 RSUs previously granted to Mr. McNairy will vest in full and  convert into 12,500 shares of the Company's Common Stock.  But for the Amendment, Mr. McNairy would receive 8,958 shares under the RSU Agreement.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Avatar Holdings Inc.
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  	&nbsp;&nbsp;
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  <I>
  	July 31, 2007
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  	By:
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  <I>
  	Juanita I. Kerrigan
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  	Name: Juanita I. Kerrigan
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  	Title: Vice President and Secretary
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_21770.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9034}]
metadata_filer: {"company-data": {"conformed-name": "AVATAR HOLDINGS INC", "cik": "0000039677", "assigned-sic": "1531", "irs-number": "231739078", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07395", "film-number": "071012868"}, "business-address": {"street1": "201 ALHAMBRA CIRCLE", "city": "CORAL GABLES", "state": "FL", "zip": "33134", "phone": "3054427000"}, "mail-address": {"street1": "201 ALHAMBRA CIRCLE", "city": "CORAL GABLES", "state": "FL", "zip": "33134"}, "former-company": [{"former-conformed-name": "GAC CORP /DE/", "date-changed": "19801023"}, {"former-conformed-name": "GENERAL ACCEPTANCE CORP", "date-changed": "19710208"}]}
text: Avatar Holdings Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  July 26, 2007
  Avatar Holdings Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  001-07395
  231739078
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  201 Alhambra Circle, Coral Gables, Florida
  33134
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  1-305-442-7000
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  5.02 (e)
  On July 26, 2007, Charles L. McNairy, an Executive Vice President and the Treasurer of Avatar Holdings Inc. (the "Company"), notified the Company that he will retire at the close of business on August 3, 2007, for health reasons.  The Company entered into an Amendment (the "Amendment"), dated July 26, 2007, to the Restricted Stock Unit Agreement dated July 22, 2004 (the "RSU Agreement"),  between the Company and Mr. McNairy.  The Amendment provides that on August 3, 2007, the 12,500 RSUs previously granted to Mr. McNairy will vest in full and  convert into 12,500 shares of the Company's Common Stock.  But for the Amendment, Mr. McNairy would receive 8,958 shares under the RSU Agreement.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Avatar Holdings Inc.
  July 31, 2007
  By:
  Juanita I. Kerrigan
  Name: Juanita I. Kerrigan
  Title: Vice President and Secretary