Millennials Warming Up to Lakewood Ranch


SARASOTA, FLORIDA, February 16th 2017 – Purposive efforts are being taken at Lakewood Ranch (LWR) to attract more millennial home buyers, a demographic that showed rising market activity in the master development during 2016.

A significant number of these young residents, according to Laura Cole, VP for marketing at Lakewood Ranch/LWR Communities, moved to the master development to follow their parents who have purchased homes here.

Cole sees a multigenerational Lakewood Ranch beginning to shape up. She notes that millennials are either now working, pursuing job opportunities or are interested in relocating in the master development. The vibrant activities at LWR’s Main Street are also contributing to the younger generation’s growing interest in setting up roots in Lakewood Ranch communities.

Renters Seen to Upgrade

Millennials Warming Up to Lakewood Ranch

This trend tracked by a recent LWR consumer research augurs well for the December opening of Echo Lake. This new an apartment complex development of Homes by Towne brings to six the apartment communities in Lakewood Ranch, combining for a total of 1,694 tenants.

Cole says that the residents in these apartment communities are expected to eventually buy Lakewood Ranch homes as well. With the prospect of rising millennial interest, the LWR website has been revamped recently to emphasize, amongst other things, the broad choices of Lakewood Ranch residential types available at the lower price range.

New Choices at Lakewood National

Searches of Lakewood Ranch homes for sale at the affordable price points which millennials would typically seek can lead to the new community of Lakewood National off State Road 70 near the Premier Sports Campus. Current sales listings in this development of national homebuilder Lennar start at the high $100s for terrace condominiums. These residences feature two bedrooms and two baths within floor plans ranging from 1,107 to 1,284 square feet.

This new community is also programmed for a collection of multifamily veranda homes and coach homes as well as estate and executive single family homes. The latter residential types are a sure fit for millennials wishing to upgrade later, with their starting prices attractive at the $300s and floor plans larger at about 1,800 square feet.

The home sites of Lakewood National are surrounded by a golf course which opened for play just this January. Other facilities set in this property include a clubhouse, driving range, fitness center, resort-style pool and outdoor grill with poolside service.

Townhouse Options

For townhomes, DiVosta also offers new builds in Mallory Park at Lakewood Ranch. This homebuilders’ models in this community are priced starting from the $200s for two-bedroom floor plans of about 1,600 square feet.

Mallory Park nestles around 36 acres of wetlands and lakes, with resort-like amenities including a sports court, zero-entry pool, kids’ playground, and a clubhouse with fitness center, 

Alternative Resale Homes

Millennials in search of Lakewood Ranch homes for sale which could possibly fit their budget have options too on pre-owned residences at several neighborhoods in the master development.

Properties priced in the low $200s, for instance, are available at Boca Grove, Summerfield Village, and Miramar Lagoons. The sales-listed residences in these neighborhoods typically have floor plans of between 1,250 and 1,800 square feet designed with two to three bedrooms which many millennials would find quite appealing.