Developer Sales
Luxe Dream Garage Waterside
Project facts
- Status
- Pre-Development
- Address
- 7100 Professional Pkwy E
- City
- Sarasota, Florida
- Region
- Southwest Florida
- Submarket
- Sarasota; Bradenton
- Units
- 75
- Average unit size
- 1,400 SF
- Amenity tier
- Premium
- Key amenities
- Concierge Services, Owners' Clubhouse/Lounge, Vehicle Lift Capability, Climate Control, Epoxy Flooring, Gated Access & Security, Wash Bays & RV Stations
- Construction
- Tilt Wall
- Finish level
- Luxury
- Projected delivery
- 2027
- Flood zone
- X
Location Summary
Waterside / Lakewood Ranch Overview
Luxe Dream Garage Waterside sits at 7100 Professional Parkway East, inside the Waterside and Lakewood Ranch district of eastern Sarasota County, just east of Interstate 75 and within a short drive of the University Town Center (UTC) trade area. The site is embedded in the region's most active affluent growth node, immediately adjacent to Waterside Place, the walkable town center that anchors the southern edge of Lakewood Ranch. Florida levies no state income tax and leads all states in wealth in-migration, and this corridor captures a disproportionate share of that inflow through Lakewood Ranch, the nation's top-selling multigenerational master-planned community.
The immediate trade area is dense with high-earning, second-home, and retiree-plus-active-professional households. Within five miles the platform records 6,901 households earning $200,000 or more, a median home value of $524,345, and 29.8 percent of households earning above $150,000. This is a mature, design-conscious buyer base with the discretionary capital and multi-vehicle ownership patterns that support a premium suite platform.
Access is a defining strength. The site connects to I-75 within minutes via University Parkway and Lakewood Ranch Boulevard, placing UTC's retail and dining core roughly 10 minutes west and Sarasota Bradenton International Airport (SRQ) approximately 15 to 18 minutes northwest. The corridor posted the region's strongest one-year price-per-square-foot gain in its class, near 20.5 percent, and profiles as an amenity-driven collector market.
Current Events & Infrastructure
- Mote Science Education Aquarium (Mote SEA): The $132 million, 146,000-square-foot facility opened October 8, 2025 at Nathan Benderson Park, roughly 10 minutes west of the site.
- 2028 World Rowing Championships: Nathan Benderson Park was awarded the August 2028 combined Senior, Para, Under 23, and Under 19 World Rowing Championships, a recurring driver of high-spend event visitation.
- Premier Sports Campus and Sarasota Paradise: The 140-acre, 23-field campus with a 3,000-plus-seat stadium serves as home to the Sarasota Paradise professional soccer club, under 10 minutes from the site.
Key Demand Drivers
The site's demand thesis rests on a cluster of named, high-traffic regional anchors, all within a short drive, that concentrate affluent visitors, event tourism, and enthusiast culture around the UTC and Lakewood Ranch corridor.
- The Mall at University Town Center (about 5 miles, 10 minutes west): The Simon-owned center offers 880,000 square feet of gross leasable area and 150-plus stores anchored by Saks Fifth Avenue, Macy's, Dillard's, and Apple, the luxury retail hub of Southwest Florida.
- Mote Science Education Aquarium (about 10 minutes west): A $132 million, 146,000-square-foot marine science destination with 1 million gallons of exhibits and three STEM labs serving more than 70,000 K-12 students, opened October 2025.
- Nathan Benderson Park (about 10 minutes west): The world-class rowing venue drew roughly 4,000 athletes to the USRowing Youth National Championships in June 2026 and holds the 2028 World Rowing Championships, a recurring driver of high-spend event visitation.
- Sarasota Polo Club at Lakewood Ranch (about 12 minutes east): A 170-acre grounds with 7 Bermuda-grass fields and 45 private equestrian estates, drawing thousands of spectators to Sunday matches across a December 20, 2026 to April 15, 2027 season.
- Premier Sports Campus (under 10 minutes): A 140-acre, 23-field tournament campus and pro soccer venue that pulls regional-to-international field-sport events into the immediate trade area.
Location Highlights
- MSA Position: Central to the North Port to Sarasota to Bradenton metro, at the I-75 and University Parkway interchange that organizes Southwest Florida's fastest-growing affluent submarket.
- Enthusiast / Collector Culture: The UTC district's luxury-retail density, polo grounds, and event calendar sustain an established collector and cars-and-coffee culture with weekend visibility.
- Infrastructure & Recreation: World-championship rowing at Nathan Benderson Park, a 23-field sports campus, and a new marine science aquarium concentrate recreation and civic draw within a 10-minute radius.
- Market-Specific Factor: A design-conscious, amenity-driven collector base, consistent with a near 20.5 percent one-year price-per-square-foot gain in the corridor's class.
- Tax & Quality of Life: No Florida state income tax, year-round climate, and the nation's top-selling master-planned community reinforce durable affluent household formation.
- High Net Worth Concentration: Household wealth deepens with radius, from 2,391 households earning $200,000-plus within 3 miles to 6,901 within 5 miles and 12,476 within 7 miles.
Area Demographics (ACS 2024)
5-Mile Profile: Population 86,591 | Median HH Income $100,908 | HH Earning $150K+ 29.8% | Median Age 52.9 | Age 55+ 48.4% | Seasonal Units 9.0% | Households with 3+ Vehicles 16.0% | YoY Population Growth not reported (ACS 2024)
Wealth Index: 7.9 / 10 (SCK portfolio-relative)