Lakewood Ranch to add 8,000 more homes

Despite a soft real estate market, Lakewood Ranch pitches two huge developments north of S.R. 70.

EAST MANATEE – Schroeder-Manatee Ranch is looking past the current soft housing market and proposing two massive developments that could bring more than 8,000 new homes to Lakewood Ranch.

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The 8,100 new homes would add to the roughly 6,000 already built in Lakewood Ranch, and were part of the Ranch's original master plan that extends over 30 years and could lead to development of 7,000 acres.

Preliminary construction is expected to start some time next year; full build-out isn't expected until 2019.

Officials with SMR, the developer of Lakewood Ranch, are undeterred by the suddenly squishy local housing market or the uncertain future of the arena.

"We don't see that people are going to stop moving here," said Lakewood Ranch spokeswoman Sondra Guffey. "There's no research, no studies saying people aren't going to keep coming to Florida."

This would more than double the size of Lakewood Ranch. Obviously, there are plenty of homes currently for sale in Lakewood Ranch so in the short term adding more doesn't sound like a great idea. However, they are looking farther out in time to accomodate population growth of Florida. They don't expect completion until 2019.

If you are looking to buy or sell a home in Lakewood Ranch give me a call 941-308-6766.