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Lakewood Ranch Sees Significant Sales Activity

lakewood-ranch-15th-anniversary-logo [1]New Section Of Country Club East To Release Homesites.

Lakewood Ranch Communities announced 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.”

Year to date there have been more than 100 lots either reserved, under contract or sold in Lakewood Ranch. Currently eighty-five homes are under construction. There are 200 single family homes on the market in Lakewood Ranch amounting to less than 3% of 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 private and exclusive, higher-priced gated community, five builders are committed to building new models in a new section called The Vineyards. The Vineyards will cater to buyers looking for homes in the 2,500 to 3,000 sq ft range. The homes in the Vineyards will be on 84-foot-wide homesites and feature three different architectural styles. John Cannon, Todd Johnston, Westwater, Peregrine, and Marc Rutenberg Homes will all begin construction on their new models in the next 90 days.

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