Bankrupt Levitt & Sons Communities Find New Beginnings

Cascades at World Golf Village was once owned by Levitt & Sons but is now thriving under the new ownership of Dockstreet Communities.
,b,n
Cascades at World Golf Village was once owned by Levitt & Sons but is now thriving under the new ownership of Dockstreet Communities.

To the shock of homeowners and fellow builders alike, Levitt & Sons filed for bankruptcy in November 2007. This devastating news destroyed the plans of many active adults who were in the process of building or purchasing homes.

Many would-be homebuyers lost large sums of money, and those who had already sold their previous homes suddenly found themselves stranded without a new abode. The situation also left many current residents without their promised amenities and uncertain about the future of their fledgling communities.

While the recovery is not yet complete, many bankrupt Levitt & Sons communities have found new life from other developers. As new builders acquire these properties, they often develop their own plans to finish building homes and community amenity centers. In some cases, communities are given a new name to go along with their fresh development.

Here is a look at some former Levitt & Sons properties that have been acquired by new developers:

Cascades at World Golf Village — St. Augustine, Florida

Now owned by Dockstreet Communities, Cascades at World Golf Village is a thriving community that is located just twenty minutes from Jacksonville. The community is part of the larger World Golf Village, which is a golfers’ paradise that houses the World Golf Hall of Fame, the PGA Academy, and two championship golf courses.

It is also the home of the famous Caddyshack restaurant, owned by actor Bill Murray and his brothers and inspired by the beloved movie. Cascades at World Golf Village’s own amenities include a spacious clubhouse, swimming pools, and a variety of recreations.

Trilogy Orlando (formerly Cascades at Groveland) — Groveland, Florida

With a new name and new owners, Trilogy Orlando is now part of Shea Homes’ vibrant family of 55+ communities. Plans for developing this community include completing the construction of a spacious 38,000-square-foot clubhouse, which is expected to open in 2012.

Upon completion, this clubhouse is set to offer a state-of-the-art fitness center, indoor and outdoor swimming pools, a cozy cafe, social areas, hobby and game rooms, and much more. Levitt & Sons had built 238 homes, and Shea Homes plans to expand the community to a total of 999 single-family homes.

Seasons at Tradition — Port St. Lucie, Florida

mngcvmbv,
Avatar plans to build 12,000 single family homes starting in the low $100’s.

Located in beautiful Port St. Lucie, Florida, Seasons at Tradition was acquired by Avatar in 2010. While Levitt & Sons had originally built 200 homes, Avatar’s plans include a total of 1,200 single-family homes as well as two spacious clubhouses.

Until the new clubhouses are completed, current residents can enjoy the amenities found at the 3,000-square-foot temporary clubhouse. This facility includes a fitness center, catering kitchen, media center, activities room, and library. There is also an outdoor swimming pool with cabana and beautiful walking trails.

Soleil at Laurel Canyon (formerly Seasons at Laurel Canyon) — Canton, Georgia

Soleil at Laurel Canyon may have a new name, but it still enjoys the same ideal location between the North Georgia mountains and the bustling city of Atlanta. Amenities are plentiful within the community, and golfers will also enjoy playing at the adjacent 18-hole course at the Canton Golf Course and Club.

Upon completion, Soleil at Laurel Canyon will offer 720 single-family homes comprised of fourteen different home models. Some homes were originally built by Levitt & Sons, and many more are being constructed by the community’s new owner, Active Lifestyle Communities.

Seasons at Prince Creek West — Murrells Inlet, South Carolina

Situated just outside of Myrtle Beach, Seasons at Prince Creek West was begun by Levitt & Sons in 2004 and acquired by Dockstreet Communities in 2009. The new owners have big plans for the community, including a 29,000-square-foot clubhouse.

In the meantime, current residents can enjoy the amenities offered at the community’s current 8,000-square-foot clubhouse. Golfers will be happy to learn that the community neighbors the Tournament Players Club Golf Course, and everyone will enjoy the scenic beauty of the community’s protected wetlands and ponds.

Cresswind at Lake Lanier (formerly Seasons at Lake Lanier) — Gainesville, Georgia

Rechristened as Cresswind at Lake Lanier, this 55+ community has been given new life by its current owner, The Koler Group. Plans for completion of the community include a 36,000-square-foot clubhouse and a total of 799 single-family homes. One of Cresswind at Lake Lanier’s biggest attractions is its location as it’s situated on the shores of the lovely Lake Lanier.

With 692 miles of sparkling shoreline, parks, picnic areas, and campgrounds, Lake Lanier is one of Georgia’s largest recreational lakes. For boat enthusiasts, the community has its own Marina, and residents can purchase their own boat slip at the dock behind the community clubhouse.

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

Share this post:

We're here to help! (800) 928-2055

Call us to speak with a customer service representative.

Subscribe to Our Newsletter

Get Weekly Updates

I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting [email protected] Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

The Best Places to Snowbird in 2021

We’ve gathered 25 of the best places for snowbirds, including cities in Florida, Arizona, California, Texas, South Carolina, and Nevada. For each entry, we’ve also provided a list of recommended 55+ communities in the area. If you’re ready to find your own winter retreat this season, here are some of the best places to consider.

Interior view of the indoor pool at Del Webb Ponte Vedra in Ponte Vedra, Florida.

Jacksonville Area 55+ Communities With Indoor Pools

There’s something so luxurious about an indoor pool. Take a look at these communities in Jacksonville and the surrounding northeast Florida area. You’ll find indoor pools and much, much more.

Sunset on sandy and rocky beach in the Bay Area of California.

55+ Communities on the Beach in the Bay Area

Perhaps you’re ready to turn your dream of living by the beach into reality. In that case, we’ve got you covered, because there are a few wonderful beachside 55+ communities right in the Bay Area.

A 55+ couple with arthritis holding hands and enjoying a day at the beach.

The Best Places to Retire With Arthritis

Those with arthritis know the pain and discomfort can be difficult to manage day-to-day. While there are many remedies to manage the pain, one you may not consider is climate. 55Places has taken a look at the best regions to live if you have arthritis, and many of them are home to 55+ communities!

A bridge over a pond on the grounds of Sun City Lincoln Hills in Lincoln, California.

Large 55+ Communities in the Sacramento Area

One of the greatest benefits of living in a large community is the vast amount of amenities typically offered. If you’re looking for larger 55+ communities in Sacramento, you’ll want to check out the three following communities.

Aerial view of the Downtown Spartanburg skyline in South Carolina on a sunny day.

Living in Spartanburg, South Carolina

Located in the scenic foothills of the Blue Ridge Mountains in Northwestern South Carolina—also known as the Upstate—Spartanburg is an ideal destination for active adults who want to retire in a mid-sized city with a small-town, close-knit feel.

About 55places

We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.

Scroll to Top