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Lakewood Ranch : Real Estate Advice

  • All66
  • Local Info5
  • Home Buying26
  • Home Selling2
  • Market Conditions3

Activity 37
Wed Mar 1, 2017
Pavaodan answered:
Mgold33, Did you end up relocating? My family is thinking about doing the same. Just curious how it worked out?
0 votes 4 answers Share Flag
Fri Feb 17, 2017
Rgbell asked:
My divorce will be finalized within 1 year. I would like to purchase a home to live. The home is only 1.8 times my income, and I have a great credit rating. But I cannot get a mortgage…
0 votes 0 Answers Share Flag
Sun Mar 20, 2016
Diane Christner answered:
With a single family home you would, as a home owner, be responsible for property taxes, hazard insurance on the home, HOA fees. Lakewood Ranch also has CDD (community development district) fees that are included on the annual property tax bill.

Unless you buy in a community where the lawn service is included in the HOA fees, you will have to make sure your lawn is kept mowed, bushes trimmed, sprinkler system working in the dry months.

You will also be responsible for the maintenance of your home, interior and exterior. If you plan to leave it sit vacant for 10 months of the year, it probably would be a good idea to obtain the services of a house sitting company to check your home for you on a routine basis.

Another option might be to buy a condo instead. With a condo the association is responsible for exterior maintenance of the buildings, so you are responsible for less of the general maintenance than with a single family home. However, you are still responsible for the interior of your unit, which includes maintenance, property taxes and insurance. Monthly condo fees vary, but in our area it is common to see fees of $300 - $375 a month. That would be in addition to your other expenses.


If you are only planning to use the property 2 months of the year, it may make more sense to rent instead for the 2 months you plan to visit Florida. Or buy a property in a community that allows shorter term rentals (be careful, many of the newer HOAs have rental restrictions limiting owners to a minimum 6 month lease) and hire a property management company to rent out your property when you are not using it to help offset the costs of ownership.


It really comes down to what your personal goals are in buying a FL property.
... more
1 vote 1 answer Share Flag
Mon Feb 15, 2016
Chelie Plicinski asked:
Mon Dec 21, 2015
Diane Christner answered:
Not too many 1 bdrm condo listings come on the market in Lakewood Ranch, most would be 2 bedrooms or larger.

The least expensive options would be Village at Town Park or Greenbrook Walk. Right now 2 bdrm listings range in the $140's - $150's. Some of those in Village at Town Park come with either attached or detached garages, some in Greenbrook Walk come with a garage but many just have assigned, uncovered parking spaces. Village at TP has nicer amenities, including a clubhouse. GW just has a community pool, but it is located next to one of Lakewood Ranch's parks.

Expect to pay condo fees of around $300/month, although they are higher in Village at TP if your unit has a garage.

You'll also want to factor in taxes and insurance in your expenses. Technically, Village at Town Park is not located within the actual boundaries of Lakewood Ranch, so is not within a Community Development District (CDD) - so no annual CDD fees on your property taxes. Greenbrook Walk does have CDD fees that will run about $900/year, they are included in the property tax bills.

On the other hand, GW was built in 2005 and is block construction, so insurance rates are less expensive than for Village at TP, which was built earlier and is frame construction with siding.

Whatever condo communities you decide to look at, I suggest getting a copy of the current year's budget that includes their reserves funding so you can determine whether the condo association is meeting their financial obligations. If a community is not, you could face special assessments later on.

If you have specific questions about either of these condo communities, please feel free to contact me as I have sold units in both and therefore I am very familiar with both communities.

Regards,

Diane Christner, Realtor, GRI, SFR, CNE
Bright Realty
www.DianeChristner.com
... more
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Fri Sep 4, 2015
Kyle Thompson answered:
They will not allow seasonal renters. They won't even allow a bicycle to sit out on the patio too long. lol Greenbrook Walk has strict rental restrictions although the rules and regs have been challenged on many occasions and enforcement has been inconsistent. In my opinion, it is a poor investment for rental property. As a primary home, it may be a nice "starter" home though. ... more
0 votes 9 answers Share Flag
Sat Apr 11, 2015
Patty Reif answered:
Hello:
the fees vary greatly from one community to the next. Some have CDD fees and are communities with amenities, parks, pools, golf course, tennis courts, etc....If you contact me, I can help you find the home you are looking for within your price range.
www.DolphinRealtyMgmt.com

Kind regards,
Patty Reif
Broker / Owner
Dolphin Realty & Mgmt., LLC
941-724-9722
... more
0 votes 5 answers Share Flag
Sat Apr 11, 2015
Patty Reif answered:
Hi;
There are a few communities in LWR that do allow fencing, however specific type of fencing so it does not detract from the look and feel of the community. There are also other communities in the outskirts of LWR if you are interested in acreage property or less HOA restrictions. If you visit my site
www.DolphinRealtyMgmt.com you can contact me thru there. I'd love to help you with finding a perfect home for you and your family.
Kind regards,
Patty Reif
Broker / Owner
Dolphin Realty Management, LLC
... more
0 votes 3 answers Share Flag
Sat Apr 11, 2015
Patty Reif answered:
Hello: there are various communities describing what you are looking for. I live in one of them and am very familiar with this niche. Please visit my site at www.DolphinRealtyMgmt.com
and you may contact me thru there.
Kind regards,
Patty Reif
Broker / Owner
Dolphin Realty & Management, LLC
... more
0 votes 2 answers Share Flag
Fri Sep 12, 2014
Kimberly Leckie answered:
Greenbrook in Lakewood Ranch is one of the best communities for children in Lakewood Ranch.
Schools are within walking distance as well as sports facilities.
I have lived in Lakewood Ranch for over 11 years now and absolutely love it! ... more
0 votes 5 answers Share Flag
Fri Aug 22, 2014
Adam Miller answered:
Hi Jennifer,

My name is Adam Miller with Keller Williams Realty Select in Lakewood Ranch. Please feel free to visit my website: LakewoodRanchLiving.com You can search for homes and find a ton of great information on the area,, schools and fun things to do in the area. If you have any specific questions I can answer, please do not hesitate to give me a call. (941) 350-0151 Thank you Adam
http://www.lakewoodranchliving.com/cp/lakewood-ranch/
... more
0 votes 10 answers Share Flag
Thu Aug 21, 2014
Chrissy Brahler answered:
As everyone else stated, the master is on the second floor. There are properties with first-floor master and split masters where the first-floor master is on one side and the other rooms are on the opposite side of the home. Depending on other lifestyle options you have, there are great properties to explore that will fit your needs. The real estate market in Lakewood Ranch, Florida offers great choices and a stable upward home value. ... more
0 votes 4 answers Share Flag
Mon Jun 30, 2014
Diane Christner answered:
Hi Mike,

Prices have rebounded in the last few years, and especially for popular locations such as Lakewood Ranch. Three or more bedroom homes built 2003 or newer are definitely in demand. However, you do need to keep in mind that you will be competing with new construction in villages such as Greenbrook and Central Park, as well as nearby communities such as Eagle Trace, so hitting the right list price is important. You will also be competing to a lesser extent with other new construction within 5 - 10 miles of Lakewood Ranch, in communities such as Woodbrook. Neal has broken ground on 2 new communities just west of Lockwood Ridge Road in the past month, with model homes to be open for next winter's season, DR Horton is building just a block from one of those new Neal communities. Knowing your competition is important when selling a home.

I have found buyers of homes in Lakewood Ranch are typically looking for move in condition. You've had tenants for the past 6 years, and tenants tend to do more wear and tear on a home than if it were owner occupied. Have you checked the interior of the home lately for overall condition? Paint on the walls, floor coverings, condition of appliances? Some freshening up after the tenants leave might be worth the time and effort in terms of appeal to buyers and price.

Whether or not this is a good time for you to sell your Lakewood Ranch home would depend on a lot of factors that have to do with not only the current market but also your family's financial needs and goals.

If you'd like to discuss this further, you can reach me at the contact info below.

Regards,

Diane Christner, Realtor, GRI, SFR
Realty Executives Solutions
Sarasota, FL
cell: (941) 726-7109
www.DianeChristner.com
... more
0 votes 8 answers Share Flag
Sat May 24, 2014
Karla Barrios answered:
is it pet friendly? I have 5 pound dog
0 votes 2 answers Share Flag
Tue Apr 22, 2014
Scott Fisher answered:
With no traffic LWR to Gulf Gate 30Minutes add !0 to the Beach thats with a little margin!
Best of Luck!

ScottFisher@michaelsaunders.com

I'd recommend Monks
0 votes 5 answers Share Flag
Mon Apr 21, 2014
Adam Miller answered:
Here is some excellent information on schools in Lakewood Ranch: http://www.lakewoodranchliving.com/mischool/zip/34202/
I am a Realtor in Lakewood Ranch and can help answer any questions you may have. Adam ... more
0 votes 7 answers Share Flag
Fri Feb 7, 2014
Anna M Brocco answered:
When it comes to crime/safety questions, it's always best to contact the local authorities...
1 vote 2 answers Share Flag
Wed Nov 6, 2013
Beth Nathanson answered:
Hi Gabor,

The short answer is the broker cannot determine your terms or options; however, they can predetermine the amount of their fee or commission should you choose to go that route. In other words, the agreement is outlining the cost to you should you go with a lease or lease to own. There is nothing that says you have to consider any such thing. ... more
1 vote 5 answers Share Flag
Fri Oct 25, 2013
Alan Forrester answered:
Motorcycles must be parked in a garage and cannot be parked on residential streets
0 votes 2 answers Share Flag
Sat Apr 13, 2013
Diane Christner answered:
Hi Debbie,

Yes, some of the neighborhoods within Lakewood Ranch do have restructions on the number of dogs per household, most have restrictions on what they define as a pet.

Central Park at Lakewood Ranch villages is one of the few that do not have a 2 dog limit, the deed restrictions there just say a reasonable number of household pets.

Ask to see the deed restrictions for a neighborhood BEFORE you sign a purchase agreement, that way you can determine whether you can live with the pet restrictions for that community before you have a deposit down.

If you want your pets to have access to your back yard, you may also want to check the fencing restrictions for each home you are considering. Not all LWR back yards can be fenced. For instance, if the home is a corner lot, backs up to a lake or nature preserve, you most likely will not be able to fence your yard. Maintenance free areas also have fencing restructions because of the community mowing.

For more information on the pet restrictions, you can call the LWR Town Hall at (941) 907-0202.

Regards,

Diane Christner, Realtor, GRI, SFR
Realty Executives Solutions
Sarasota, FL
cell: (941) 726-7109
email: Dianemc21@aol.com
www.DianeChristner.com
... more
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