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Lakewood Ranch FL Homes for Sale
Lakewood Ranch FL Homes for Sale. The area originally was assembled in 1905 by John Schroeder as Schroeder-Manatee Ranch (SMR). The land was purchased by members of Milwaukee‘s Uihlein family in 1922 for ranch operations such as timber and cattle.
In 1977, the Sarasota Manatee Airport Authority announced intentions to build a new airport near the Sarasota-Manatee county line about 10 to 20 miles (16 to 32 km) east of its current location, linking to future Interstate 75. The airport authority struck down the idea in 1985 and expanded the existing airport facility. The airport proposal and the construction of Interstate 75 resulted in SMR’s board of directors to pursue creating a planned community for the land.
In the 1980s, SMR designed a destination resort project called Cypress Banks. The project consisted of 1,800 acres (730 ha) and included 5,000 mixed residential units, three golf courses, and a 300-room hotel. The project and development of regional impact (DRI) were initially denied by Manatee County in 1987 but later approved in December 1989. The project never broke ground and SMR maintained vested rights to the land. The first neighborhood development, Summerfield, was built and completed in 1995.