LWR, John Neal finish year in a flurry of deals

mjohnson@bradenton.comJanuary 4, 2014 

LAKEWOOD RANCH -- Bradenton builder John Neal Homes Inc. has purchased 13 lots in the Country Club East section of Lakewood Ranch for $1.51 million -- one of several homebuilders and investors to purchase sites in the subdivision during a busy December.

Neal bought the lots on Dec. 10 from the new partnership of Starwood Land Ventures LLC and Lakewood Ranch developer Schroeder-Manatee Ranch Inc. This is the third land transaction between the companies since September, according to Manatee County records.

In separate transactions in October and November, Neal Homes purchased two Country Club East lots from the Starwood partnership for a total of $301,354.

The lots in the most recent purchase are part of the Haddington at Country Club East neighborhood, said Leisa Weintraub, spokeswoman for John Neal Homes. The company is already building a model home in the neighborhood and is selling homes and home sites.

When built, the homes will range from 2,550 to 3,319 square feet and will be priced between $450,000 and $650,000.

Other Country Club East Land purchasers grabbed smaller sets of lots last month. Top buyers include national builder Cardel Homes, which bought six lots from the Starwood partnership for $678,000. Sarasota builder John Cannon Homes purchased two lots for $560,500.

Starwood partnered with SMR in late September. The $45 million deal encompasses about 475 acres of Country Club East, a pri

vate subdivision built on the east side of the Lakewood Ranch Golf and Country Club.

Since then, the partnership has sold about $4.1 million in lots to investors and homebuilders, according to county records.

The Starwood-Schroeder-Manatee portion of Country Club East is slated for the construction of more than 600 homes.

John Neal has made other recent land purchases elsewhere in Manatee County. In October, Neal subsidiary John Neal Land Ventures bought 186 acres at 10525 Moccasin Wallow Road in Palmetto, and 83 acres at 11333 Moccasin Wallow Road in Parrish for $2.75 million.

John Neal said his company is on schedule to build homes on the land by the end of 2014. But the company may sell the building rights to a national home builder, he added, if the right offer comes along.

Matt M. Johnson, Herald business reporter, can be reached at 941-745-7027, or on Twitter @MattAtBradenton.

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