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Lakewood Ranch Sales Success

Thursday, June 10, 2010

LWR Communities is pleased to announce 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. 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.
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.
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.
Several Lakewood Ranch businesses are celebrating big wins at the Sarasota and Manatee counties chambers of commerce small business awards. At the Sarasota County awards presentation the Think Green Business of the Year winner was Willis A. Smith. Willis A. Smith Construction, Inc. is located in the Lakewood Ranch Corporate Park. The Young Business of the Year winner was International Construction Consultant, LLC located on Town Center Parkway. The Small Business of the Year winner was Grapevine Communications Int’l., Inc., located in the Corporate Park.
In Manatee County, the Small Business of the Year winners were The Polo Grill and Bar and Fete Catering on Main Street and Willis A. Smith Construction, Inc. Finalists included Grapevine Communications Int’l., Inc and Sunglass Express Optical on Main Street. “The number of business award winners coming from Lakewood Ranch speaks volumes about our business community,” said Brian Kennelly, president of LWR Commercial Realty. “We could not be more proud of their accomplishments and encourage our merchants to continue to help shape and build our community with their vision, strength and leadership. Lakewood Ranch has always been all about our residents and our business owners building this community and that is exactly what continues to take place, making this the best place to live, work and play.”

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