Lakewood Ranch Communities, Sarasota, FL, announces the release of homesites in a new section of Country Club East. The first section of “Secret Harbor” will be released in the next week for reservations.
“We are seeing a very high demand for our 62-ft. homesites,” said LWR Communities President Milt Flinn. “We are thrilled to be able to open up more homesites in this size range, surrounding beautiful Lake Royal, and expect some to sell and close by November of this year.”
So far this year, there have been more than 100 lots either reserved, under contract or sold in Lakewood Ranch. Eighty-five homes are currently under construction. Request more information about Lakewood Ranch homesites.
There are 200 single-family homes on the market in Lakewood Ranch, which amounts to less than 3 percent of the inventory, and 158 homes have sold on the resale market so far in 2010. The average price at closing of a new home in Lakewood Ranch this year was $576,710, with the average price of a resale home coming in at $434,807.
The Lake Club
At The Lake Club, Lakewood Ranch’s exclusive and private, higher-priced gated community, five builders have committed to building new models in the new section called The Vineyards. This section will cater to buyers looking for homes in the 2,500- to 3,000-square-foot range.
The homes in the Vineyards will feature three different architectural styles and be on 84-foot-wide homesites. John Cannon, Todd Johnston, Peregrine, Westwater and Marc Rutenberg Homes will all begin construction on their new models in the next 90 days. Request more information about Lakewood Ranch homesites.
Commercial Real Estate
In commercial real estate news, construction continues on two new restaurants coming to Main Street Lakewood Ranch—Eduardo’s Cantina and the Main Street Trattoria. Both restaurants will open this summer. Also coming to Main Street is the popular Knot Awl Beads store, moving from its current location at Lakewood Walk.