The Lakewood Ranch master-planned community was named as the top-selling multi-generational community in the United States for the seventh consecutive year.
The community was the second highest selling community overall, according to rankings published by the Real Estate Economics & Market Research Management Consulting firm on Tuesday. The Villages, a central Florida community which caters exclusively to residents age 55 and older, topped the list with a total of 3,208 sales in 2024, compared with the multi-generational Lakewood Ranch for the top spot on the list overall by 983 homes sold.
Lakewood Ranch’s Sarasota County development at Waterside Place is a 36-acre lakefront town center with regional commercial, restaurants, and stores with nine surrounding neighborhoods. It’s a new destination for Sarasota and Manatee Counties.
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In 2024, a total of 2,210 homes were sold in Lakewood Ranch community, which has been centered in Manatee County for 30 years and is increasingly expanding into Sarasota County. Move-up homes and multi-generational villages represented 49% of those sales, entry level homes represented 23%, retiree and active adult markets 16%, and luxury homes 12%, according to a press release from Lakewood Ranch and its developer Schroeder-Manatee Ranch.
The RCLCO report praised the community’s resilience following the impact from Hurricane Milton this year.
“Lakewood Ranch’s multi-generational appeal remains its defining strength, while its prime location and thoughtfully planned infrastructure offer reassurance to today’s more cautious homebuyers,” Lakewood Ranch Senior Vice President Laura Cole said in the news release.
A courtesy photo of Waterside, a residential neighborhood in the Lakewood Ranch master-planned community. Lakewood Ranch has been identified as the top-selling multi-generational community for the seventh year in a row.
The average home price rose 7.4% in 2024 to $734,000, the news release noted, “driven by demand in the move-up and luxury markets,” adding that “sales were particularly strong at both ends of the pricing spectrum, with notable activity” both below $299,000 and above $3.5 million.
Growth trends are set to continue in 2025 with introduction of eight new villages, planned expansion of roads and trails, construction of 15 new miles of roads, and infrastructure for trails, parks and more than a dozen new roundabouts, the release stated.
“Our success lies in our unwavering commitment to creating a community that feels like home to everyone,” Lakewood Ranch CEO Rex Jensen said. “From thoughtfully designed neighborhoods to exceptional amenities, we continue to set the standard for master-planned living.”
This article originally appeared on Sarasota Herald-Tribune: Lakewood Ranch again among fastest selling communities in the nation