Lakewood Ranch Sets Another Record in 2021 for Homes Sales and Home Prices
Lakewood Ranch set a record with 2,574 new homes sold in 2021, a 20% increase over the previous record of 2,149 sold in 2020. The average price of a new home in Lakewood Ranch in 2021 was $609,000, 19% above 2020’s average price.
Base pricing for new homes at Lakewood Ranch starts at $263,000 and goes well above $2 million.
In November, the median price for an existing single-family home in the Bradenton area was $450,411, up 28.5 percent from the same month a year earlier when the median price was $350,500.
Lakewood Ranch has a fast growing population, estimated at more than 50,000, with additions planned for Lakewood Ranch High School and R. Dan Nolan Middle School, and a new K-8 school is scheduled to be finished by 2024.
The Lakewood Ranch Preparatory Academy, a new K-12 charter school, projects a lower school opening in the fall of 2022, with construction of the high school to start in 2023.
Sales were robust throughout Lakewood Ranch’s more than 20 actively-selling villages, including newly opened Esplanade and Park East at Azario, Lorraine Lakes, Sapphire Point and Solera. New models also opened in LakeHouse Cove, Savanna and The Lake Club.
Star Farms and Sweetwater both broke ground in 2021, with models opening in 2022.
Waterside, Lakewood Ranch’s village in Sarasota County which is planned for more than 5,000 homes, is now selling single-family homes in LakeHouse Cove and Shoreview as well as rental townhomes, apartments and senior living options in a variety of waterfront neighborhoods.
Builders will be introducing townhouses, cottages, single-family rentals and large custom homes in the next phase of Waterside development.
Waterside Place, Lakewood Ranch’s third town center, recently opened in Waterside Village. The other Lakewood Ranch Town Centers are Lakewood Ranch Main Street and The Green.
Learn more here: https://lakewoodranch.com/