SARASOTA, FLORIDA, September 10, 2018 – Lake View Estates, the newest neighborhood in the Lake Club community in Lakewood Ranch (LWR), is set to unveil several new luxury home builds this fall in time for the master development’s annual Tour of Homes. This event comes not only in synch with the start of the snowbird season but also on the heels of vibrant luxury home sales in Lake Club and in the Sarasota real estate market in general.
So far in 2018, the sales of residences priced $1-million-plus in Lake Club amounted to over $45 million, representing 44 residential properties sold which include end-user homes and lot sales.
The larger picture for Sarasota‒Manatee luxury home market is as vibrant. The July Luxury Housing Market Index of Realtor.com showed a 9.14 percent increase in current luxury sales prices in the Sarasota-Manatee market. With this pace, the price mark surpassed the $1.8 million level for the first time since the website started compiling data in January 2011.
A separate reading also indicated significant market activity on ultra-luxury homes priced in $5 million range. MLS data showed that 11 Sarasota-Manatee homes in this price range were sold as of mid-June. Most of the sales were notched on the barrier islands, with three located in Manatee County on the northern part of Longboat Key.
One of Lake Club’s preferred builders, Arthur Rutenberg Homes has a residence currently being built at Lake View Estates. A rendition of this builder’s Andalucia design, the home is priced at $3.5 million, featuring four bedrooms, four baths and a half-bath within a floor area measuring 5,027 square feet.
Besides Arthur Rutenberg Homes, the other designated builders in Lake View Estates include Anchor Builders, John Cannon Homes and Stock Signature Homes. Each of these custom home builders expects to complete a model in the Lake Club neighborhood by this October.
A multimillion-dollar renovation of the Grande Clubhouse in Lake Club is likewise expected to be completed during the month. The 20,000-square-foot facility is primed to host community events and provide opportunities for residents to enjoy dining, entertainment, and sports activities.
Its new modern interiors include an enhanced lobby with new beverage bar, beautiful new furnishings in the concierge area and billiard room, advanced audio/video technology in the boardroom, an expanded fitness area, and the addition of an outdoor kitchen on the lower level pool patio.
A major revamp of the Lake Club’s landscaping and park will also soon be underway for an expected completion in 2019. Enhancements to the unique mile-long park include a fitness trail, children’s playground, yoga lawn, sports courts, and dog park.
Lake Club is a gated community with Tuscan-inspired setting for its six neighborhoods. It impresses prospective buyers of Lakewood Ranch homes for sale with its brick cobbled streets, decorative bridges, wine vineyards, and stone fountains. The extensive improvements on its clubhouse and landscaping should further help market this community in the forthcoming Lakewood Ranch home tour.
Besides new builds, Lake Club likewise features resale homes at asking prices under $1-million. These listings typically feature floor areas of just under 3,000 square feet designed with three bedrooms and three baths, and with a price tag in the $900s.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>