The master-planned residential developments of Palmer Ranch in Sarasota County and Lakewood Ranch in Manatee County now have company in Venice. According to Jane Meinhardt of the Tampa Bay Business Journal, renowned national home builder Lennar recently confirmed the acquisition of more than 1,000 acres of prime residential land in Sarasota County.
Gran Paradiso is the name of Southwest Florida’s newest master-planned development, which Miami-based Lennar plans to convert into a massive resort-style community with numerous amenities to compete against the various residential developments being planned along Florida’s Gulf Coast.
This land acquisition by Lennar is one of the most significant in recent years for the Sunshine State. Gran Paradiso is not a new project; it dates back to 2006 and involves local developers who did not foresee the extent of the housing market crash and its recessionary impact on the Florida economy. Less than two dozen homes were built until Lennar expressed an interest in the project. The builder intends to develop Gran Paradiso at a more measured pace, which means that excellent price points will be available to early home buyers.
For Gran Paradiso, Lennar has chosen four collections of single-family residences with diverse floor plans. The most affordable will be the Twin Villas collection, which features the Magnolia and Orchid floor plans of three bedrooms and two bathrooms. The most upscale collection is the Estate Homes, which features spacious floor plans up to 3,800 square feet of air-conditioned space.
This master-planned community will include amenities such as swimming pools, spa, tennis courts, playgrounds, nature trails, and more. Lennar will start offering quick move-in floor plans as early as 2014.