The Villages, the giant active-adult community northwest of Orlando, was the top-selling master-planned community in the nation last year, according to a report released last week by a California-based real estate research firm.
Spanning parts of Lake, Marion and Sumter counties, the mega-development recorded 2,307 new-home sales last year. The second-most successful development was the Woodlands in Houston with 945 sales – fewer than half as many as the Villages, according to the report by John Burns Real Estate Consulting.
The Villages has only a handful of foreclosures because many of the residents paid cash for their new homes after selling their old dwellings up North. Retirees are typically drawn there for its 37 golf courses, 1,000-plus clubs and activities, and other amenities.
Looking at just the top 10 projects, eight were in the same list last year; this year there were two additions: Alamo Ranch in San Antonio, and Lakewood Ranch in Sarasota.
“With our new sports campus, new commercial construction this year totaling upward of $150 million, and new rental projects springing up, we’re proud that Lakewood Ranch has become the premier new-home destination on Florida’s West Coast,” said Rex Jensen, president of the developer, Schroeder-Manatee Ranch Inc.
Source: The Orlando Sentinel (Orlando, Fla.), Mary Shanklin. Distributed by MCT Information Services.
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