This is a great question! North Port, during the early 2000's was one of the fastest growing areas in the entire country. There was a big demand for residential opportunities at reasonable prices. North Port at the time offered relatively inexpensive land options for builder so developers came in droves and constructed homes at a record pace.
When the RE market fell apart in the mid 2000's hundreds of homes were left in various stages of completion, and home owners by the thousands were faced with owing property that was purchased at the top of the market. Which resulted in a relatively short period of time for thousands of owners to be under water with their recently purchased property. Early on banks offered little to no support to these individuals. The result of which was a massive number of people allowing these homes to go into foreclosure.
The good things are that the market is back and so too is North Port. These recently early 2000's constructed homes that during the down turn were selling in the $60,000 to $70,000 range are not priced well above the $100,000 range leaving still room for buyers to find value in a recently constructed home.
Right now, the least desirable feature about North Port that I can think of is that the drive to the areas beautiful beaches is about 15 minutes and the average winter temps hover in the 70's.
Just telling it like it is!