What are master planned communities?

Master planned communities gain popularity
Florida leads the nation in master planned communities.

Master planned communities are a form of development envisioned and delivered as a self-contained, unified community, with clear boundaries and a full range of land uses, employment opportunities, public facilities and services. Frequently associated with retirees, these communities offer essentially all of the basic needs of living within a short walk or even golf cart ride. These communities are typically designed and developed by a single entity resulting in a consistent theme throughout the community.

In addition to offering the convenience of having most of your basic living needs centralized in one location, master planned communities are also known for their social benefits. With plenty of organized activities and other opportunities to socialize with your neighbors, these communities have increased in popularity over recent years.

Florida leading the way in top-selling master planned communities

According to a year-end report by RCLCO Real Estate Consulting, Florida is home to 15 of the top-selling master planned communities in the nation. This ranking is based on the number of new home sales per community. Not surprisingly, the top spot in the nation went to The Villages community located in central Florida. Lakewood Ranch located in Sarasota, FL came in at the #2 spot. Overall, sales in the 50 top-selling master planned communities grew by a modest 5% last year as compared to 2020. As for other master planned communities in The Sunshine State ranking in the top 50, they were as follows:

  • #6. Wellen Park: Venice, FL
  • #9. On Top of the World: Ocala, FL
  • #12. Nocatee: Jacksonville, FL
  • #13. Viera: Melbourne, FL
  • #14. Babcock Ranch: Punta Gorda, FL
  • #16. Latitude Margaritaville: Daytona Beach, FL
  • #18. Lake Nona: Orlando, FL
  • #24. Ave Maria: Ave Maria, FL
  • #27. Epperson: Wesley Chapel, FL
  • #29. Tradition: Port Saint Lucie, FL
  • #30. Westlake: West Palm Beach, FL
  • #36. eTown: Jacksonville, FL
  • #39. Bexley: Land O’ Lakes, FL

Summary

Although master planned communities can contain one large residential area, they are usually broken down into multiple subdivisions and neighborhoods with a mix of land uses that contribute to a definable community. With Florida becoming one of the most popular destinations for various demographic groups, we are seeing the rise in master planned communities for various segments of the population as well. Are you considering a relocation to The Sunshine State? We can help.

At Live South Florida Realty, Inc. we have assisted many clients with their real estate needs. Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. Live South Florida Realty, Inc., has been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!

By natasha@livesouthfl.com

REALTOR® with Live South Florida Realty, Inc.

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