COMMUNITY NEWS

New Home Sales Boom in Lakewood Ranch

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Lakewood Ranch

Sarasota, Florida

Read More About Lakewood Ranch

Sarasota, FL (April 14, 2011) New home sales numbers are up dramatically in the first quarter of 2011, with 107 sales in Lakewood Ranch, compared to 31 sales in the first quarter of 2010. “The sales activity is incredible right now in Lakewood Ranch,” said Jimmy Stewart, LWR Communities’ director of sales. “Ten of our home buyers this quarter first came looking at Lakewood Ranch back in 2007—they have been in the market for a few years and have realized, like so many other savvy consumers that now is the time to buy.”

With 40 new home models to see in Lakewood Ranch and 130 homes currently under construction, walk-in traffic to our information centers and models is up dramatically as well. In the first quarter more than 5,300 people visited our models and information centers, compared to just over 3,500 last year. “We have so much for people to see here,” said Milt Flinn, LWR Communities’ president, “We just completed construction on our new residents’ club in Country Club East, and there are so many new models. There is nothing else like Lakewood Ranch in the entire state of Florida.” A grand opening celebration for the new residents’ club is in the works for Memorial Day weekend and there are two new models now open in Secret Harbor, in Country Club East. John Cannon Homes is the first of several builders to start a new model in the newest section of The Lake Cub, called The Vineyards, aiming for a November completion date to tie in with Tour of Homes.

LWR Communities will be featured on 970AM WFLA at 10 a.m. on Sunday, April 17, when the Duncan Duo Real Estate Show interviews LWR Communities President Milt Flinn.

In commercial real estate, a new business is set to open soon on Main Street in Lakewood Ranch. Urban Accents, a modern home accessories store is scheduled to open this summer, one door down from Chico’s.

The cooking school set to open on Main Street will host an August grand opening celebration, with a soft opening planned possibly for late July. Music on Main, the free street party on the first Friday of every month is attracting more people than ever before. So far in 2011, more than $15,000 has been raised for area charities at this popular monthly event.

Land has been cleared and the infrastructure is going in for Lost Creek Apartments on Lakewood Ranch Blvd north of State Road 70. A temporary leasing office will be on site this summer, with residents being able to move in by the end of this year. The clubhouse will be the first building constructed on the site.

About Lakewood Ranch
Lakewood Ranch is the 8,500-acre award winning master-planned community in Sarasota and Manatee counties on the West Coast of Florida. Just minutes from the Gulf Coast beaches, and cultural assets in Sarasota, Lakewood Ranch is already home to more 15,000 residents and features A-rated schools, a hospital, the Sarasota Polo Club, its own Main Street with theaters, shopping and dining, and four million square feet of commercial property.

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