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Affordable Housing | Lakewood Ranch FL | David Barr Realtor

Over the holiday weekend, avoiding the beach crowds, I took these photos of Martinique town homes, which is part of the Windward new homes community in Lakewood Ranch.

Martinique is intended to be offered as "workforce affordable housing". Martinique will have all the design features and amenities of other Neil Communities town homes, like North RIver Ranch in Parrish or Fiore in North Venice. Not much information is available about the details of living here or buying a town home, but here's what I have found out.

The units will be priced for those who are able to afford a mortgage for these units, priced at a value for those earning a percentage of AMI, which means Area Median Income.

These are NOT low income housing units. They are NOT being offered as rental units.

Only one unit may be sold to a buyer, and buyers may not be an "entity". There will be restrictions placed on the resale of these units.

I believe you should expect units in Martinique priced in the $250,000-$300,000 range.

As of this writing, there is nothing on the Neal Communities website about Martinique. Like my blog and you'll get email updates as I learn more about these town homes.

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