#United States #Real Estate #Lakewood Ranch #Multi-Generational

Lakewood Ranch: A Beacon of Multi-Generational Living

For the seventh consecutive year, Lakewood Ranch has reaffirmed its position as the top-selling multi-generational community in the United States. In 2024 alone, the community achieved an impressive total of 2,210 home sales, showcasing its enduring appeal in the competitive real estate market. This achievement solidifies its reputation as America's Favorite Place to Call Home.

Nestled in the picturesque landscapes of Florida, Lakewood Ranch is not just a community; it's a thriving atmosphere that cultivates a deep sense of belonging and connection among its residents. Its diverse range of experiences, access to nature, and premier services, including highly-rated schools and healthcare facilities, make it a sought-after destination for families, young professionals, empty nesters, and retirees alike.

A Community for Everyone

The appeal of Lakewood Ranch transcends demographics, primarily thanks to its well-planned infrastructure and prime location. Laura Cole, senior vice president of Lakewood Ranch, noted that the community's multi-generational appeal has become its defining strength. The community has even weathered various challenges, including Hurricane Milton and political uncertainties, while maintaining a robust performance in sales. According to Karl Pischke from RCLCO, the community has demonstrated resilience during these challenging times.

Diverse Sales Across Market Segments

The sales data from 2024 reflects a comprehensive appeal across various market segments:

• - Move-Up/Multi-Gen Villages made up 49% of total sales, catering primarily to growing families seeking spacious homes.
• - Entry-Level Homes, which accounted for 23% of the sales, highlight the steady demand for affordable housing options.
• - The Retiree/Active Adult Market grew to represent 16% of the sales, largely due to the expansion of new inventory and lifestyle-focused amenities targeting older adults.
• - The Luxury Segment contributed to 12% of total sales, indicating significant interest in exclusive communities like Wild Blue and Shellstone.

Pricing Trends and Demand for Space

In 2024, the average home price in Lakewood Ranch rose by 7.4%, reaching $734,000. This growth was primarily fueled by high demand in both the move-up and luxury markets. However, builders continued to introduce strategic incentives to maintain affordability. The average price per square foot has been kept at a moderate $296. Each end of the pricing spectrum experienced notable activity, particularly for homes priced below $299,000 and above $3.5 million.

Interestingly, the trend toward larger living spaces is evident as the average size of homes sold in Lakewood Ranch grew by 2% to 2,331 square feet in 2024. This shift is particularly notable in the Move-Up/Multi-Gen Villages, designed for families seeking more spacious, functional living areas.

Looking Ahead: A Vision for 2025

Looking to the future, Lakewood Ranch is poised for continued growth with plans to introduce eight new villages in 2025. These new developments will cater to a variety of lifestyles, including bundled golf communities, age-targeted resort neighborhoods, family-friendly areas, and maintenance-free options.

The community's ongoing success is largely attributed to its developer, Schroeder-Manatee Ranch (SMR). Recognized for its innovative infrastructure and meticulous planning, SMR has ambitious plans for 2025, including the addition of over 15 new miles of roads to complement the existing 42-mile network. This development will enhance mobility and connectivity throughout the community, featuring new trails, parks, and several roundabouts.

Rex Jensen, the president and CEO of SMR, emphasizes their commitment to creating a welcoming environment for all residents. “Our focus remains on developing thoughtfully designed neighborhoods and exceptional amenities that align with the needs of our residents,” he stated.

Conclusion

With its rich offerings and strong commitment to community-building, Lakewood Ranch stands as an exemplary model of multi-generational living. As it continues to attract diverse residents, the community remains dedicated to fostering an environment that feels like home for everyone. For those seeking an ideal blend of lifestyle, accessibility, and community spirit, Lakewood Ranch is undoubtedly an attractive choice.