The Southwest Florida regional housing market continues to lead the Sunshine State in terms of recovery in expansion. The honor this time goes to Venice, the City on the Gulf that is transforming from a snowbird’s paradise to one of the best places for families to grow and prosper.
Residential developer WCI Communities recently announced their acquisition of a legendary golf community in Sarasota County. The Sarasota National golf course and residential neighborhood sits on 2,400 acres. It is a nature preserve that has the distinction of being an Audubon International Certified Signature Sanctuary. Golf enthusiasts know the Sarasota National as one of the most challenging and peaceful courses in Florida.
Prior to the acquisition by WCI, the Sarasota National was undergoing residential development. A few dozen homes have been completed, but the developer will be able to build more than 1,500 residences in his pristine land. WCI specializes in developing neighborhoods that cater to the resort lifestyle, which in Florida means golf courses, racquet clubs, nature preserves, boating access, sumptuous clubhouses and more. WCI reportedly paid $48.5 million for this premier land in Venice, effectively taking it out of foreclosure proceedings. The developer is known in the area for its Tidewater Preserve development in Bradenton.
Although the Sarasota National has some amenities in place for golf players, WCI plans to add a spa and fitness facility as well as tennis courts and swimming pools. Residents will also be able to enjoy more than 1,000 acres of Florida nature designated for preservation. Venice is already attracting house hunters who are looking for reasonably priced real estate located near the beach; this new development by WCI will give them even more reasons to move here.