The Ultimate Showdown: Lakewood Ranch Vs Waterside

by Adam Miller

The Ultimate Showdown: Lakewood Ranch Vs Waterside

Are you considering a move to the vibrant communities of Lakewood Ranch or Waterside in Florida? These two master-planned areas offer distinct lifestyles and amenities. In this blog post, we will explore the key differences between Lakewood Ranch and Waterside, focusing on their unique characteristics, from location and infrastructure to real estate trends and lifestyle opportunities. Whether you are relocating, retiring, or simply curious, this guide will provide valuable insights to help you make an informed decision.

Location and Geography

Lakewood Ranch spans an impressive 33,000 acres and encompasses over 40 neighborhoods. The community is divided by University Parkway, creating a natural boundary between Manatee County to the north and Sarasota County to the south. This geographical division leads to notable distinctions:

Waterside: Situated south of University Parkway in Sarasota County, Waterside is the newest part of Lakewood Ranch, with development starting around 2017. This area is characterized by its modern, up-to-date feel, reflecting recent construction and planning.
Lakewood Ranch North: Located primarily in Manatee County, this part of Lakewood Ranch began its development journey in the early 1990s, with the first village, Summerfield, opening in 1995. The neighborhoods here offer a more established, traditional ambiance.

Construction and Development

Waterside: As the newest segment of Lakewood Ranch, Waterside features predominantly new construction projects. The area is continually evolving, with a contemporary and cutting-edge aesthetic that appeals to those seeking modern homes and amenities.
Lakewood Ranch North: Despite its longer history, new construction is still prevalent in this part of Lakewood Ranch. However, many neighborhoods have matured, featuring lush, grown-in landscaping that provides a sense of permanence and community.

Taxes and Fees

Property Taxes: In Manatee County, the property tax rate stands at 1.4%, while in Sarasota County, it is slightly lower at 1.2%. This difference in tax rates can influence your overall cost of living.
Additional Fees: Residents in both areas may encounter extra fees for infrastructure development. In Manatee County, these are known as CDD (Community Development District) fees, whereas in Sarasota County, they are referred to as stewardship fees. These fees cover the costs of essential infrastructure, such as roads, lighting, and utilities, and are included in your property taxes.

Gated Communities

Manatee County: This region boasts a significant number of gated communities within Lakewood Ranch, offering added security and exclusivity for residents.
Sarasota County: In contrast, Waterside in Sarasota County has only two gated communities – Windward and Monterra. It's worth noting that Monterra lies slightly outside the official boundaries of Lakewood Ranch but still offers a gated living experience.

Proximity to Amenities

Manatee County: Proximity to Tampa, St. Petersburg, and beaches like Anna Maria Island makes this area appealing. Essential services such as hospitals, supermarkets, and gas stations are conveniently located, enhancing the ease of daily living.
Sarasota County: Closer to downtown Sarasota, Siesta Key Beach, and cultural attractions, this area provides a more relaxed and scenic lifestyle. However, some conveniences, like supermarkets and gas stations, may require a bit more travel.

Real Estate Trends (June 2024)

Sarasota County: The average sale price for homes is $689,300, reflecting the area's desirability and modern amenities.
Manatee County: With an average sale price of $736,322, this region continues to attract buyers looking for a mix of established and new communities.

Despite Waterside being newer, Manatee County currently has more new construction villages (15 compared to 11 in Sarasota County), indicating ongoing growth and development in both areas.

Lifestyle and Recreation

Downtown Areas: Lakewood Ranch offers three primary downtown areas: The Green (State Road 70), Lakewood Ranch Main Street, and Waterside Place. Each area provides a variety of restaurants, shops, and entertainment options, making it easy to find something fun to do.

- The Green: Located on State Road 70, this area functions more like a strip mall but includes excellent restaurants, a fresh market, and various shops.
- Lakewood Ranch Main Street: The original downtown area, offering a movie theater, restaurants, bars, and numerous local shops. It hosts events like First Friday, bringing the community together.
- Waterside Place: Situated around King Fisher Lake, this beautiful area features restaurants and stunning views. It's a great spot for dining and leisure activities.
Golf: Waterside does not currently offer any golf communities, which might be a drawback for golf enthusiasts. On the other hand, Manatee County includes several communities with golf courses, catering to those who love the sport. A list of these communities can be found in the description below.

Deciding between Lakewood Ranch and Waterside depends on your preferences and lifestyle needs. Waterside offers the allure of modern, new construction with a contemporary feel, while Lakewood Ranch North provides a more established environment with mature landscaping and various amenities. Both areas have unique advantages, making either a fantastic choice for your next home.

For personalized guidance and assistance with your real estate needs in Sarasota, Lakewood Ranch, or the Gulf Beach Areas, contact Adam Miller and the 941 Lifestyle Group. Their expertise will help you navigate the complexities of finding the perfect home in West Florida.

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