So first of all, where is Lake of the Woods? Travel east on Tamiami Trail from Jacaranda, and turn north on Venice East Ave. It’s a huge area with about 800 total homes. Lake of the Woods is the master association but there are four separate neighborhoods: Lake of the Woods, Grassy Oaks, Park Estates, and The Lakes of Jacaranda.
For convenience purposes for home buyers, I have a page on my website listed under Lake of the Woods that includes homes for sale and video from all 4 neighborhoods. You can find that under the neighborhoods tab on the main menu on my Venice website, davidbarrhomes.com
Lake of the Woods is considered one of the Venice area’s nicest upscale neighborhoods. The homes sit on large lots and aren’t right on top of each other, and there’s a lot of mature oaks and palms. There are nicely winding streets and lots of lake views.
Most homes here are 3 bedrooms and 2 baths, and a good number have private pools. Most homes have 1800 to 2400 square feet under air. The construction of the homes here is concrete block with tile roofs, and I would call the architectural style mostly Mediterranean.
A lot of buyers interested in Lake of the Woods will probably be interested in other Venice neighborhoods like Sawgrass. Lake of the Woods is a bit less expensive and the homes are a little older, but are in general very well maintained.
To me, Sawgrass feels a bit more tight as far as density of homes on smaller lots. There are a lot more 10,000 square foot and over home sites in Lake of the Woods than in Sawgrass. It’s a toss up when it comes to curb appeal between the two.
Listen to my podcast about Lake of the Woods
If you’re looking at Sarasota as an option. Lake of the Woods compares well to Stoneybrook and Turtle Rock in Palmer Ranch, with overall better prices. I think Lake of the Woods looks very similar to Turtle Rock with it’s mature landscaping and water views.
I’ll keep the sales statistics here to a minimum. I look at 4 criteria when evaluating neighborhoods. In 2016 and 2017, the sale price to list price ratio was 97%. That’s a good sign that sellers are pricing accurately and home buyer demand is high.
The overall number of sales went from 39 to 49, and the median sold price per square foot went from $155 in 2016 to $164 in 2017, even though days on market increased. These are all good signs that Lake of the Woods is a healthy micro-market and the area is in demand by home buyers.
So, the bottom line on Lake of the Woods: If you’re a home buyer, you have a good list of available homes for sale right now. If you’re a home seller, you have more competing homes on the market and you may expect a bit longer time on the market because of this. If you’re interested in buying or selling a home in Lake of the Woods, please contact me to help you navigate to the best price and a smooth transaction.