Active adults are flocking to Florida’s Treasure Coast, and lately, one of the most popular places for homebuyers has been Port St. Lucie. It’s understandable that this area has become so desirable among 55+ residents. There are a growing number of shopping and dining opportunities, and Port St. Lucie is close to the beach and some of the best hiking and nature trails in the state. Its location makes it easy to reach the Florida Turnpike and Interstate 95, allowing residents to travel freely around the state of Florida.
Port St. Lucie’s Housing Market
Property values dropped in Port St. Lucie during the housing recession 10 years ago, but the local housing market and the economy have rebounded beautifully. The new construction in 55+ communities has attracted the attention of buyers, and homes are being snapped up even before the construction has begun. In Valencia Cay at Riverland, 51 new homes were sold on opening day and 249 homes have been sold in the last three months. Much of the market strength is due to the number of people from other states who are retiring to South Florida and want an attractive, comfortable place to call home.
At least four builders are meeting the housing demand for active adults with new construction and sub-divisions. Most of the properties will be single-family homes, but developers also plan to offer apartments and attached homes. The explosion of new 55+ housing has caught the attention of health service providers. Martin Health hopes to build a $30 million neuroscience center in Port St. Lucie, and Tradition Medical Center is soon to be taken over by Cleveland Clinic, who will expand their medical offices and health care services.
Port St. Lucie’s Most Popular Communities
Where do active adults love to live in Port St. Lucie?
There are 550 single-family and attached homes under construction at Del Webb Tradition ranging in price from the mid $200s to the mid $400s. Amenities will include a clubhouse, a fitness center, and a resort-style pool.
Valencia Cay at Riverland will have over 1,000 single-family homes in the mid $200s to high $400s. The entire development will ultimately cover six square miles of what used to be agricultural land.
Vitalia at Tradition has been in Port St. Lucie since 2006, and new construction homes, as well as resale homes, are available from the low $200s to the mid $400s. Buyers can choose from any of the available 1,200 single-family homes in 10 different models and dozens of floor plans. There are tennis courts and a putting green, a 24,000 square-foot clubhouse, and a fitness center that includes an aerobics and dance studio.
Active adults are also buying at LakePark at Tradition. This 55+ community has 644 new and resale homes in single-family and attached models in the high $100s to the high $200s. There’s a clubhouse, a pool, a fitness center, and residents can use all the amenities in TownPark at Tradition, where there are tennis and basketball courts as well as a billiards parlor and exercise classes in the dance studio.
What to Expect in Port St. Lucie
All the new housing is a welcome development for retailers, business owners, and the local economy, which will thrive on the influx of new residents. Businesses are ready to offer the products and services that are needed. The city is embracing the growth, providing golf cart paths and considering proposals that would allow golf carts on Port St. Lucie streets. Large shopping centers are being planned and new entertainment venues will also move into the neighborhoods.
There's no better time to move to Port St. Lucie than right now.