Kensington Lakes - Under Contract

Kensington Lakes presents a unique opportunity for a residential homebuilder or developer to acquire a property entitled for up to 255 single family homesites. There is an Environmental Resource Permit (ERP) on the property with an expiration date of September 16, 2020, offering a potential buyer the ability to acquire a Development Order and break ground quickly. A preliminary plat has also been obtained and approved for the property.

This site is well-positioned to absorb growth from the value-oriented home buyer as it is just a short commute to both Sarasota and Lee County and only five minutes from I-75. This site is also within close proximity to the Charlotte County Airport, which has experienced a significant increase in passenger traffic year after year, and has continued to increase through 2018. This airport will be a major economic driver in the future, and is likely to present ample opportunities for homebuilders and developers.

Taking into consideration the climbing home prices in Collier and Lee Counties, the affordability of Charlotte County positions Kensington Lakes as a viable solution for the value-oriented home buyer. Charlotte County is in an ideal position to absorb growth from the buyer segment seeking affordable product near growing municipalities. Local, regional, and national homebuilders recognize this trend and continue to cross the county lines in order to cater to this buyer profile.