By Bill DiPaolo – Palm Beach Post Staff Writer
Posted: 4:43 p.m. Friday, July 3, 2015
That 25-foot-high pile of dirt motorists see west of Florida’s Turnpike at Indiantown Road is the start of Lakewood, a 275-house residential development. Workers are building the lake and entry roads into the 260- acre project on former farmland. Lakewood plans include a restaurant, office, drug store and 150,000 square feet of research and development office space.
“Sale prices for Lakewood homes, which will be zero-lot-line and on smaller lots than Jupiter Country Club, likely will be in the $300,000 to $600,000 range, said north county Realtor Rebel Cook. Zero-lotline homes in PGA National, which do not have the advantage of being brand new, are selling for about $300,000, she said. “The quicker they can build those houses, the higher they will sell. This is the lowest housing inventory I have ever seen,” Cook said.”