One thing on everyone’s mind when it comes to real estate lately is: are we going into another housing recession? Are things going to start changing in the real estate market in 2020?
Well, I don’t have a crystal ball, but I do have an update on everything happening in real estate in Lakewood Ranch, FL and that’s what I want to share with you today!
Trends in the real estate market are looking great for the Lakewood Ranch area. The market here in Florida has been healthy and fast-paced for the last several years. In this area, I do not see that slowing down any time soon. Here’s why:
There are 24 Residential Villages in Lakewood Ranch and 17 actively selling New Construction villages. Some of those are nearing completion, so Lakewood Ranchis making plans for the next phase of development.
New home construction is increasing nationwide because there is a demand for it, but was not consistently increasing within the price range where demand is highest.
Millennials are the majority of the buying market right now, and they struggle to meet those luxury housing prices. Lakewood Ranch Development is taking that into consideration with some of their new plans for development by building 5 new villages in 2020, some of which meet this specific New Construction housing demand.
We recently attended a seminar for Realtors in Lakewood Ranch and learned all about these upcoming plans, so today we are sharing them with you!
I am going to share this insider scoop with you about the new villages, but the information is somewhat limited at this point. If you want to stay in the know and learn more details about a specific village as it becomes available, sign up using our contact form below to join our VIP list!
Esplanade At Azario Lakewood Ranch
Park East at Azario
1.2 Park East – The secondary phase of Esplanade at Azario. This smaller village will open Fall of 2020 with only 350 homesites of Single Family Homes. Pricing will start in the high $300s and offer larger floorplans, up to 4,800 square feet. They will have pools and playgrounds for the community, but less amenities in order to keep fees lower.
2. Lorraine Lakes at Lakewood Ranch – Opening Spring of 2020 this new Lennar village will feature 1,500 homesites of single family homes and attached villas nestled among sparkling lakes. This will be an amenity-rich village with plans for a splash park, pools, café and bar, arcade, tennis and pickleball courts, volleyball, basketball and bocce courts, tot lot, and putting green. They will feature their best-selling floor plans with SF home prices starting in the $300s.
With all of these plans moving forward, AND a strong resale market, I predict no signs of slowing down for Lakewood Ranch in the near future! If you are considering a move, this is a great place to do so. We are happy to help you determine what your home is worth in the current market, or help you find your next dream home in Lakewood Ranch.
Contact us today!
Our Lakewood Ranch Main Street Happy Hour Hop hits every spot that holds a happy hour (but we didn’t do them all in one day!)
Stop 1- Pinchers on Main Street, Lakewood Ranch is a seafood restaurant with Happy Hour food and 2-for-1 drink specials from 3-6PM. We tried the wings, which were great, and the Sangria (delicious!). Definitely recommend giving this place a try!
Stop 2 – Ed’s Tavern in Lakewood Ranch is a sports pub with $5 Appetizers and Happy Hour Drink Specials daily from 4-7PM. We love this place because the food is great and there are like 20 Tvs - perfect for watching the game! They have an app to download where you can tune in to the specific game being broadcast so that you can hear it on your phone. They also do live music some nights and Trivia twice a week. We never win, but it's fun to play!
Stop 3 – Casa Maya Mexican Restaurant has delicious food and $4 Margaritas during happy hour, along with beer and wine specials, daily from 3-6PM. There nachos are my favorite and everything is so fresh when you order it. The inside decor reminds me of "Coco", the Disney movie, and it is just a wonderful little spot to visit!
Stop 4- Main Street Trattoria in Lakewood Ranch is an Italian restaurant with bar bites and drink specials daily from 3-7PM. They have a cool service window to the outside and seats along the sidewalk where you can listen to live music on certain nights.
Stop 5 – Fine Wine & Tastings on Main is a wine bar and shop with over 450 wines and snacks, too. They offer Happy Hour specials on glasses of wine Tuesday to Friday from 5-7PM. They also hold monthly wine tastings, wine walks, and other special events which are always a blast. Sign up for their email list to learn about upcoming events!
Stop 6 –MacAllisters is a Scottish Golf-themed tavern with great food deals during happy hour and discount beer, wine, and well liquors daily from 3-7PM. This place was happening! Definitely get there early on a Friday if you want a seat at the bar.
Stop 7 – Inkawasi is a new Peruvian Restaurant in Lakewood Ranch with delicious food specials and wine & beer specials during happy hour Monday to Friday from 3-7PM. The empandads were amazing, the decor is beautiful, our service was wonderful and we can't wait to go back for dinner! They have live music on the weekends and recommend making a reservation if you plan to dine here on Friday or Saturday nights.
Stop 8 – Hana Sushi Lounge has sushi roll and drink specials in the bar Sunday to Thursday from 4-7PM. Their food is delicious and they have a wide variety, so there is something for everyone!
Stop 9 – Grove Lakewood Ranch features locally inspired dishes with fresh ingredients and happy hour deals daily from 3-7PM, as well as a late night happy hour on Friday & Saturday from 10PM-Midnight. Their patio is huge, with gas fire places and sofas, and this is usually a pretty happening spot so get there early!
You can also catch a movie at the Lakewood Ranch Cinema and taste a wide selection of beers at Craft Growlers, also on Main Street!
Which place is your favorite?
Have you tried them all?
Leave us a comment!
How did you choose the neighborhood you live in?
With so many options in Lakewood Ranch, it can be overwhelming. We did our research and fell in love with Country Club East for many reasons, but here are our top 5 reasons why we love it, and love living here!
Reason # 5 – Established & Strong HOA
Feeling confident in the community you choose is important: confident in its budget and funding, its continually strong real estate values, and confident that you will be happy living there for a long time. With the shared ownership that an HOA establishes, everyone does their part to keep things looking great. Reserve studies show that the Country Club East association is in great shape and projected to be around 75% funded throughout the next decade. Translation = We are looking good!
Reason #4- Lakes & Preserves
Water views are good for the soul and CCE has plenty of them. With over 60 lakes and ponds scattered throughout the 20 neighborhood sections, chances are your home will have a view of some water. Additionally, the preserves that dot the land encourage natural wildlife habitats and maintain privacy between streets, so you can embrace all that the Florida lifestyle has to offer. Sip coffee on your lanai in the morning while the Sandhill Cranes stroll by and watch the sunset over the golf course. At all times of day, the lakes and preserves in Country Club East are something to enjoy!
Reason #3 – Variety of Architecture
Variety is the spice of life (or so they say!). Some new construction neighborhoods have extremely similar homes and color schemes, which can make driving through the streets repetitive and confusing if all the houses look alike! The variety of architecture in Country Club East is astounding and each home is unique and beautiful in its own way. Why be the same as everyone else when you can be different?
Reason #2 – Location
Located between University Parkway and Lorraine Road, Country Club East is walking distance to A-rated schools and just minutes to Lakewood Ranch Main Street, the Sarasota Polo Club, University Town Center, and the Premier Sports Campus. With the new Publix plaza on one corner and Wawa on the other, you do not have to travel far to find what you need, including a great night out at Libby’s! This location is ideal for travel all throughout Manatee and Sarasota counties due to its easy access to I-75. This puts Tampa, St. Petersburg, and Fort Myers within easy reach, as well, and beautiful world-class beaches are less than 40 minutes away. You really can’t beat this spot!
Reason #1 – People!
Take a walk at any time of day and you will find neighbors doing the same who are eager to stop and say hi. Neighbors and friends become family and welcome you to the neighborhood with open arms. All of the other details make living here wonderful, but the people make living here feel like HOME.
This list only breaks the surface of the things we love about this village, but we hope you found this information helpful!
If you have friends or family considering moving to the area, allow us to tell them why we think Country Club East is the best spot in Lakewood Ranch.
But how do you know which direction your house should face?
This is a question one of our viewers brought up (Thanks Becky!) so we wanted to give you an explanation.
I am directionally challenged, however, and cannot function without GPS, so I gave the question to Michael (the human compass) for further explanation.
You want to find the correct balance between maximum natural light, yet necessary shade in those hot summer months. Many homes in Florida have an open-concept floor plan and large glass sliding doors out to the lanai, so there aren’t many walls to break up the sunlight streaming in. We love this aspect of Florida living, personally, but that should be something to consider when you are building or buying.
Arguably, your backyard and lanai in Florida are probably the most important aspect to consider when determining the direction of your home: focus on the direction that lanai faces because you can count on nearly 300 days of sunshine and you will probably want to be outside for many of them.
Southerly exposure is said to be best in Florida so that your house sees sunlight at all times of year, but not too much sun that would constantly be heating up your home. A westerly facing lanai (back of house) would result in beautiful sunsets, but also blaring sun in the afternoon which makes it difficult to enjoy being outdoors.
The front of your house facing North means you may not get a lot of sun from that direction, but that might be okay if your attention is in the back of the house anyways.
Our own home has an easterly exposure in the front and the lanai faces north-west, so we get sunsets and sun, but just enough to allow some shade at all times of the day throughout the year. In the summer, it gets hot back there, but we just jump in the pool to cool off. And the pool gets sun all day, which helps keep it nice and warm.
In the end, it boils down to personal preference and what you would like for your home and lifestyle. However, understanding how direction can impact the building of your home or the home you purchase is important to living your best life, here in Florida.
We hope this video helped to answer this question. Leave a comment if you want more information or have a question on a certain house.
We are happy to help with all of your real estate needs!
Looking for other Lakewood Ranch villages? Check out this video: https://youtu.be/EJduGVkjc88
Today we show you the Solana Model, which is one of 4 model homes available to see in this village. It is a 4 bedroom, 3 and a half bathroom home with 3,362 square feet and a 3-car garage. Starting price for this home is $607,995 and everything can be customized or upgraded to your liking.
Built by Toll Brothers, builders known for their attention to detail and commitment to quality construction, The Isles at Lakewood Ranch offer homes ranging in size from 2,220 square feet to over 3,400 square feet with up to 5 bedrooms. 4 car garages are also available in the Captiva Collection plans.
Homes for sale in The Isles at Lakewood Ranch start in the high $400s. The HOA fee is just under $300/month, maintenance included, and these homes are also subject to CDD fees as part of the tax amount.
Amenities at The Isles:
On Site Lifestyle Director
State-of-the-art Fitness Center
Resort style pool
Sports Courts for Tennis and Pickleball
Dog Park and open space for playing
To search current homes for sale in The Isles at Lakewood Ranch, click here.
Contact us with any questions!