Monday, October 17, 2005

Upcoming Communities- The Lake Club at Lakewood Ranch

I recently took a bike ride with my wife through the Lakewood Ranch Country Club. It was the early evening and the scenery was absolutely stunning. I was amazed at the tranquility and quiet luxury of the whole setting. With prices in the gates of the Country Club spiking 40% in the past year, I am interested in the demand for other East County luxury communities. With the Concession going in and already being built, (homes in Nicklaus Manor start around $2.2 Million) and the Lake Club getting under way, this is sure to be a hotspot for many years to come. Sarasota continues to see high demand for a luxury product without the insanely high dollars per square foot of the barrier islands.

The Lake Club will be a new luxury enclave with over 700 homes and 300 carriage homes and condos. Set in a similar setting to the Country Club, the Lake Club will be luxe community with golf and all the amenities. Homesites are now available for between $200,000 and $800,000 with the prices likely to increase as sales continue. If I was looking for a luxury preconstruction home in Sarasota away from the water, the Lake Club would be where I would start.