8 Communities in Lakewood Ranch
Lakewood Ranch is located in southeastern Manatee County and northeastern Sarasota County, Florida. Lakewood Ranch is master-planned community and was built on undeveloped land. Lakewood Ranch is close in proximity to Sarasota and Bradenton so retirees can enjoy a quaint community and still explore the larger cities.
Climate & Geography
Lakewood Ranch has a humid subtropical climate closely bordering a tropical savanna climate. The rainy season lasts from June to September and the dry season lasts from October to May. The average annual high temperature is in the low 80s and the average low temperature is in the low 60s. The average annual precipitation is around 52 inches of rainfall.
The geographical limits of Lakewood Ranch include Sarasota Bay and several barrier islands between the bay and the Gulf of Mexico.
Recreation, Culture, & Entertainment
Residents often spend their Sunday afternoons at Sarasota Polo at Lakewood Ranch. Tailgate parties are lavish with champagne fountains and horses. The Esplanade Golf & Country Club is a great place to meet and greet friends for lunch and then play the course that is kept in excellent condition. In addition, there is an array of restaurants and wineries that homeowners like to spend their evenings. Acclaimed restaurants and stylish boutiques can be found down Main Street. The Heron’s Nest Nature Preserve is available for the outdoor lovers to explore the natural backcountry.
Cost of Living & Taxes
The median home value in Lakewood Ranch is right at the national median. Florida is one of the few states with no income tax. Florida residents ages 65 and older who meet certain income limits can receive an extra homestead exemption equal to the assessed value of property.
Social Security and other retirement income is not taxed.
Lakewood Ranch Medical Center is the one medical center and hospital located in Lakewood Ranch. However, there are a couple medical centers and hospitals located in the surrounding cities, including Centerstone Hospital, which is located in Bradenton and Complex Care Hospital at Ridgelake in Sarasota.