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Lake Club Update

February 3, 2009

The Naples Based homebuilder, London Bay Homes which is developing one of Lakewood Ranch’s most prestigious communities, the Lake Club recently received over $17 million in investment capital from an unnamed investor.  This new investor has obtained a twenty percent interest in the company.  The Lake Club in Eastern Lakewood Ranch is a gated community of estate homes with many luxury amenities.  Currently there are 15 homes for sale ranging from $1,300,000 to $4,208,850.  The five most recent homes sales at the Lake Club range from $950,000 to $3,298,000.  The average selling price was $1,621,600.

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