Real Estate
Lennar buys Little Harbor residential community in Ruskin for $17M
Builder plans its first waterfront community in Tampa Bay area, with model home expected to open in September
RUSKIN, Fla. (June 22, 2016) – Lennar recently purchased the Little Harbor residential community in Ruskin for $17 million, and will begin building its first luxury waterfront homes in Tampa Bay. The community expects to have its first model home complete in September.
Little Harbor will move Lennar into a different price point by targeting homebuyers in the Tampa Bay area for homes ranging from $400,000 to $700,000. The community has 190 home sites with 183 still undeveloped, and seven luxury homes built in the community by the previous developer, Bahia Sun.
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Nearly all the lots are waterfront and can have their own dock and boat lift, and they all have a high sea wall to minimize flooding concerns.
Bahia Sun began developing the Little Harbor area in 2005 before the economic downturn, and by 2007, the building activity slowed significantly on the single-family home sites, located in Little Harbor. In 2009, lenders foreclosed on the developer.
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In recent years, South Hillsborough County has experienced significant growth and Ruskin is no exception. The Little Harbor area is primed for growth, and developable, waterfront lots are a rare find for homebuyers in the Tampa Bay area, especially with direct and easy deep-water access to Tampa Bay and the Gulf of Mexico without having to go under a bridge.
The homes will have coastal themed floorplans that are new to Lennar in the Tampa Bay area and will range in size from 2,500 square feet to over 4,000 square feet. Homes in Little Harbor will also be part of Lennar’s “Everything’s Included” approach, where the high-end features, appliances and washer/dryer are all included in the price of the home.
“This is our first waterfront community in Tampa Bay, and we’re excited to bring a new product to the market,” said Mark Metheny, Division President of Lennar Central Florida. “This area is ready for development and is surrounded by the amenities that buyers want. Little Harbor is a place where residents can have a home on the water, with saltwater access and a convenient location to get around the Tampa Bay area.”
Little Harbor is located just off U.S. 41 and Shell Point Road about 8 miles west of Apollo Beach near the waterfront Resort & Club at Little Harbor.
About Lennar
As one of the nation's leading homebuilders since 1954, Lennar has extensive experience in maximizing the quality of everything it builds. Lennar’s commitment to Quality, Value and Integrity forms the underlying foundation upon which the company was built. Lennar, which operates in 17 states and over 40 markets across the nation, believes in simplifying the home buying experience by including thousands of dollars of extras in the home price, offering a great value and the latest in luxury, technology and efficiency. The entire home buying process is simplified at Lennar, with a family of companies to help with mortgage, title and insurance needs. Lennar Tampa currently builds in 44 communities in the Tampa Bay area.
Contact:
Leah Saunders
727.895.5030 x104 (office)
813.924.0367 (cell)