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Home Buying in Lakewood Ranch : Real Estate Advice

  • All67
  • Local Info6
  • Home Buying26
  • Home Selling2
  • Market Conditions3

Activity 25
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 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
0 votes 1 answer Share Flag
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
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 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
0 votes 2 answers Share Flag
Fri Feb 22, 2013
LaRosa Team answered:
This is a great question! The way I look at it, it all comes down to which way is more profitable for you.

I would start with getting an idea of what prices the different builders are currently offering at this time. Compare apples to apples.

I checked MLS and currently there are 8 lots available on the market in Lake Club. 7 range from 1/2 acre-1 acre with prices of $199,00 up. One larger lot is listed at $499,000 that is 1-2 acres.

Click link below to chk out the properties. See how they measure compared to your lot.
Next. If you are interested I can give you the current homes on the market in Lake Club & the price ranges as well as the time frames listed. Contact me and I can offer a free CMA with what has sold updating you on the market activity in that comunity. All these things need be considered.

VAC - Customer Report

All of this can give you a better idea if its worth investing into building out at this time.

It than is a matter of motivation for the build out or just desire to move on and sell off the lot.

Hope this brings insight!


Stacey LaRosa
LaRosa Realty Team
Atchley International Realty

(941)539-1596
larosateam@gmail.com
... more
0 votes 5 answers Share Flag
Sat Feb 2, 2013
Jim and Donna Soda answered:
This is a Model Home, built and ready for immediate occupancy. List price $1,065,000. It's direct golf course views, Umbria Model. The 3518 sq. ft. flows beautifully all the way through. The Designer Features and Colors are Soft and Warm! Granite top on Large Center Island in Kitchen, Stainless Appliances, Light colored Nutmeg glazed cabinets, Diagonal Tile throughout, Carpet in Bedrooms. Cozy Bonus Room, has French Doors to the Outdoor Kitchen, Pool and Hot Tub area. Located on a Double Fairway, the view is serene and peaceful. Guest Suite and Guest Bedrooms on opposite side of home from Master En Suite. Volume Ceilings and Wood Trim features add richness to this Dream Home. Located in an ward winning community with high building standards and energy efficient windows and insulation it is Move In Ready! Move in Ready. This write up came direct from the MLS Listing. Please call to view and we can give you more information.
Jim Soda ... TheSodaGroup.com
Keller Williams Realty Lakewood Ranch / Sarasota
www.JimSoda,com 941-809-7759
... more
0 votes 3 answers Share Flag
Thu Dec 20, 2012
Robert Casella answered:
Hey Mary,

If you haven't found a home in Lakewood Ranch yet, there is a slew of new home communities coming on the market. I worked for Lennar and Neal Communities, so I am very in touch with some of the newer communities coming online in 2013. I would be happy to help if you have any questions! You can reach me at 941-961-4037, or reach me at gosarasota@gmail.com! ... more
0 votes 8 answers Share Flag
Fri Oct 19, 2012
Adam Waxler answered:
You're welcome. Good luck with your move and feel free to call if you have any other questions about the market or the community.
0 votes 5 answers Share Flag
Sat Oct 13, 2012
Pat Warren answered:
HI Gordon. I have lived in the Country Club for 10 years, built 3 houses here since moving from Vail, Colorado. I have a family and enjoy the community very much. I focus all of my energies here in Lakewood Ranch and am sure I can help you make good decisions about a move to Florida. Please give me a call at 941-350-7044, or search around a bit a www.realestateinlakewoodranch.com.

Thanks, and I look forward to hearing from you.

Pat Warren, CPA, Realtor
Premier Sotheby's International Realty, Inc.
... more
0 votes 6 answers Share Flag
Mon Aug 27, 2012
Ann M Kruse answered:
David the average CDD for a 3/2 in LWR is about $900 per year. I think the HOA in a few surrounding communities is about that for 6 months on top of the CDD.
0 votes 2 answers Share Flag
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