Friday, September 21, 2018
Real Estate

Lennar taps into active-adult lifestyle with homes near Tampa Bay’s second Crystal Lagoon

WIMUAMA — Americans are living longer and staying a lot more active than they used to. The nation’s home-building industry is eager to capitalize on that trend.

Tampa-based Minto Communities has partnered with Jimmy Buffett on Margaritavilles in Daytona Beach and Hilton Head, S.C., "active-adult" communities where baby boomers can enjoy "days of endless adventure and nights of nonstop fun" inspired by Buffett’s classic song.

Now Lennar, the nation’s largest homebuilder, is planning its first Tampa Bay active-adult homes in a new development in southern Hillsborough County that will also feature the nation’s second Crystal Lagoon.

The 855 villas and single family homes in Montage at SouthShore Bay will have floor plans designed for "aging in place," including open layouts and showers with built-in benches. But Lennar is also stressing SouthShore’s amenities including trails, golf cart paths and what purportedly is the fastest WiFi connection available.

The prime attraction, though, may be the Crystal Lagoon, a six-acre, man-made lake where residents can swim, kayak or even use a small sailboat. There will also be a restaurant, swim-up bar and family beach.

"The amenities in SouthShore Bay fit the active adult lifestyle that Floridians are looking for, with a wide range of outdoor activities," said Mark Metheny, president of Lennar’s Tampa division.

Housing designed for adults is nothing new but builders and developers see an enormous market for places that offer more than just shelter. The average U.S. life expectancy has increased from 68 years in 1950 to 79 years while the poverty rate for Americans 65 and older has dropped to about 10 percent.

That means baby boomers are apt to have more money and enjoy better health than their parents. As a result, many are choosing to live out their golden years in communities that offer plenty to do for like-minded adults.

In November, more than 300 prospective buyers camped out overnight to be among the first to place deposits on homes in Latitude Margaritaville in Daytona Beach. When built out, the community could have up to 6,900 homes in a tropical setting that includes speciality shops, venues for live music and restaurants serving cheeseburgers and other "signature Margaritaville-style" food.

RELATED COVERAGE: Does Tampa Bay have right latitude for a Margaritaville retirement community?

The first residents are expected to move in sometime next year and Minto, the developer, is scouting sites for other Margaritavilles. The Tampa Bay area meets many of the announced criteria — a coastal location, a major airport and access to good health care.

Lennar’s active-adult homes in Montage at SouthShore Bay will start in the mid $200,000s. The single family homes will range from 1,683 to 2,775 square feet with the largest having three bedrooms and three-car garages. The one- and two-story villas will have one-car garages.

RELATED COVERAGE: Nation’s first Crystal Lagoon to open in spring 2018 in Wesley Chapel

All of the homes will be close to the Crystal Lagoon, which will contain millions of gallons of clear purified water. The nation’s first Crystal Lagoon is under construction in Epperson, a Pasco County community where Lennar is also building homes.

Contact Susan Taylor Martin at [email protected] or (727) 893-8642. Follow @susanskate

 
Comments
The guys who brought you Tampa’s Armature Works plan high-end offices next door, and they’ve already signed a lease with med-tech company AxoGen

The guys who brought you Tampa’s Armature Works plan high-end offices next door, and they’ve already signed a lease with med-tech company AxoGen

TAMPA — Coming soon from the developers who brought you the Armature Works: Heights Union, two high-end office buildings next door to the trendy food hall, event space and co-working complex overlooking the Hillsborough River.Developers said Friday t...
Published: 09/21/18
They spent $15,000 adding a driveway to their St. Pete House. Now the city says they can’t park on it

They spent $15,000 adding a driveway to their St. Pete House. Now the city says they can’t park on it

ST. PETERSBURG — One day in January, Dana Cremo was on her front porch hanging a vintage screen door when two city employees walked up. "You can’t park on your driveway," they said. "Why?" she asked. "Because somebody filed a complaint," they said. F...
Published: 09/21/18
Former Tampa Bay exec and Chico’s CEO Shelley Broader discusses changing retail in St. Pete visit

Former Tampa Bay exec and Chico’s CEO Shelley Broader discusses changing retail in St. Pete visit

ST. PETERSBURG — When Shelley Broader worked in Tampa Bay, she was turning around a failing grocery store.It was the early 2000s. Amazon wasn’t a powerhouse yet, people were still on Myspace and no one was ordering groceries online. On Thursday, she ...
Published: 09/20/18
Updated: 09/21/18
Homes sales jump in Pinellas and Hillsborough in August after months of declines

Homes sales jump in Pinellas and Hillsborough in August after months of declines

Home sales in August hit their highest levels in a year in Pinellas and Hillsborough counties as prices throughout the Tampa Bay area continued to rise. In Pinellas, sales of single-family homes jumped nearly 7 percent from the same month a year ago....
Published: 09/20/18
Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

TAMPA — A sudden boomlet in premium office space is getting boomier as developers detail their plans for the first of three office buildings planned at Midtown Tampa, a $500 million mixed-use development near Interstate 275 and N Dale Mabry Highway.M...
Published: 09/19/18
Home refinancings up dramatically in the Tampa Bay area

Home refinancings up dramatically in the Tampa Bay area

Counter to the national trend, refinancings in the Tampa Bay area increased in the second quarter of this year. According to ATTOM Data Solutions, lenders originated 41 percent more refinancing loans in April, May and June than they did in the same p...
Published: 09/19/18
‘Something fishy’ about sale of a golf-course villa in Seminole

‘Something fishy’ about sale of a golf-course villa in Seminole

SEMINOLE — There were so many unusual aspects to the sale of a certain Seminole villa that it’s hard to know where to begin. Is it with the fact the villa sold for $100,000 despite a cash offer of $128,700? Is it that the buyer was a Realtor in the s...
Published: 09/19/18
‘Imminent’ bankruptcy filing for law firm of suspended St . Pete lawyer Mark Stopa

‘Imminent’ bankruptcy filing for law firm of suspended St . Pete lawyer Mark Stopa

The law firm of suspended St. Petersburg attorney Mark Stopa is in such chaos that much of its staff has quit — some after suffering stress-related breakdowns — and a liquidation bankruptcy filing is imminent.In an emergency motion filed this week in...
Published: 09/19/18
St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

ST. PETERSBURG — Mindy Grossman, the former HSN chief who now heads Weight Watchers International, has put her Beach Drive condo on the market at the hefty price of $3.95 million.The three-bedroom, three-and 1/2 bath unit on the 24th floor of Ovation...
Published: 09/17/18
Updated: 09/18/18
This $4.25 million bank-owned estate is the biggest waterfront property for sale in Tampa Bay

This $4.25 million bank-owned estate is the biggest waterfront property for sale in Tampa Bay

ST, PETERSBURG — For years it was Tampa Bay’s classiest party house, a spectacular waterfront estate that hosted many an event for charity. Now, it is the bay area’s priciest foreclosure for sale. U.S. Bank recently took back the mansion in St. Peter...
Published: 09/14/18