SARASOTA, FLORIDA, June 25, 2018 – Lakewood Ranch-based developer Neal Communities has begun compiling an interest list for Canoe Creek, a new residential project in Parrish, north Manatee County, which it plans to open late 2018. This scheduled launch follows the market debut early this year of Neal’s island-style community, Tides End, which has further diversified buying choices on Bradenton homes for sale west of the county.
Canoe Creek is located off of Golf Course Road, a growth corridor in Parrish with several new communities recently developed along its stretch near the Fort Hamer Bridge inaugurated in 2017. These new neighborhoods include River’s Reach, Gamble Creek, Gamble Creek Preserve and Cross Creek.
Canoe Creek is being developed on the greens and fairways of the 210-acre, 27-hole Palmetto Pines Golf Course. The community developer’s top honcho, Pat Neal, announced last year that nine of the links’ holes were being closed to begin work for a 240-home new community.
This step would be just the first phase of a project planned for a total of 610 residences within the entire Palmetto Pines property on 14355 Golf Course Road that Neal purchased for $15.1 million in 2006. Eventually, the remaining 18 holes of the links will be closed as the development of this acreage progresses.
The final buildout of this expansive parcel is yet to be set, although amenities, such as a clubhouse, swimming pool and a dog park, are already on the drawing boards. Neal envisions this Parrish project as a gated community, and to pursue this, he is asking the county to terminate and dissolve the Community Development District (CDD) of Palmetto Pines.
Notably, CDDs are tools that developers sometimes use to finance their residential community projects’ infrastructure. However, CDD-funded neighborhoods must be accessible to the public and with this proviso, Neal opted to privately finance the project’s infra components so that the community would be a gated and exclusive neighborhood.
Canoe Creek is but the tip of the iceberg on Neal’s development initiatives in Parrish. Earlier, this developer announced that it is merging its two large Parrish projects, Villages of Amazon South and the North River Ranch, creating a blueprint for a total of 8,000 residences.
North River Ranch is located half a mile south of Buckeye Road and bordered east by U.S. 301 The Villages of Amazon South adjoins this acreage, spreading on the northwest junction of Moccasin Wallow Road and US 301 North.
D.R. Horton, with whom Neal has already inked a sales contract for a parcel in North River Ranch, has begun land clearing for a new residential project, Bella Lago. This community is planned for about 1,000 residences to be built by D.R. Horton’s units—Express Homes and Emerald Homes. These dwellings would consist not only of single family homes but would also include patio homes and townhouses. Their pricing would start from the $200s, making them attractive to entry-level home buyers.
Also on the wings at North River Ranch is Haval Farms eyed for a summer 2019 groundbreaking. This project occupies 1,280 acres, with permits filed for a total of 3,842 residences and 82,000 square feet of commercial space, a development that should pull Neal even further beyond its venture in Canoe Creek.
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>>