LAKEWOOD RANCH -- The developer of Lakewood Ranch is preparing to selectively raise lot prices for the first time since 2006.
Prices will be going up $8,000 to $18,000 for the larger or premium lots carrying a current price tag of $80,000 to $200,000 in Country Club East, said Milt Flinn, president of LWR Communities LLC.
No other neighborhoods at Lakewood Ranch will be affected by the price increases set for July 25.
Country Club East has been a hot spot for new-home construction, and the price increase is in response to market forces and an effort to control the mix of property for sale, Flinn said.
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There are currently 160 new homes under construction at Lakewood Ranch.
Alan Anderson, executive vice president of the Home Builders Association Manatee-Sarasota, said that the price increase is in line with what builders have been saying about the market at Lakewood Ranch.
"We have had pretty good success in the low end of the market and the good news is that the mid-range stuff is picking up," he said.