More Growth for Lakewood Ranch

Despite the slowing real estate market Lake wood Ranch is planning for more massive future growth. I was astonished to learn that SMR is planning to add over 8,000 more homes north of State Route 70 in South Bradenton. In an effort to make Lakewood Ranch a more autonomous community the focus will be on growth not only in residential units, but also in commercial and industrial sectors as well. Although building is not supposed to start until next year, and build out wont be until 2019, this news is a bit surprising since much of Lakewood Ranch is for sale right now. This shows us that big developers are still buying into the long term viability of the Sarasota Real Estate Market. One thing that you can bet on about this new development is that much of it will be "affordable" in comparison to other Lakewood Ranch areas. For those who enjoy the Lakewood Ranch lifestyle, now is a great time to buy. A source at Neal Communities told me about a new community in the Country Club that is starting in the $380's- a very modest price for the luxury that lies behind the gates.