A year has passed since our last article on Lake Ridge at Tega Cay. There have been changes to the master planned home community. So what are the changes and has anything been built or going to be built in Lake Ridge at Tega Cay? Why hasn’t Toll Brothers built homes in Lake Ridge at Tega Cay yet?
To recap, Lake Ridge is a new home community in Tega Cay developed by Drake Capital LLC. Lake Ridge Tega Cay is a 435 acre master planned community with 150 acres of the 435 acres dedicated to planned parks, walking trails, and recreation. 75% of the planned new homes will be adjacent to a wooded conservation area.
Carmen and I toured the Lake Ridge area recently and spoke to the Drake Capital developer Jeff Leforce. Here is a recap of Lake Ridge’s latest changes and progress.
The economy and recent changes in home buyer demands has affected the Lake Ridge community plans. There is less demand for larger luxury estate type homes than a year ago. Toll Brothers, who had planned to build primarily estate type homes, decided to put a hold on their plans. Drake Capital decided to shift their focus to family type homes and lots for Lake Ridge. Many of the originally planned 95 foot wide lots in the community have been changed to approximately 55 foot wide lots. Jeff with Drake said they plan to reserve a small portion of the community for estate type homes and lots.
Some of the basic site development infrastructure including streets and utilities have been constructed. The amenity center which includes the club house, pool, etc has been completed. The club is larger than planned, approximately 8,000 sq feet. The clubhouse size was expanded to accommodate the increased number of homes planned for the community. The clubhouse design is similar to a lake front lodge style with spacious rooms.
The most significant changes are the home builders. True Homes and DR Horton are now the two primary home builders in Lake Ridge at Tega Cay.
True Homes is a local Carolina based home builder. True Homes portion of Lake Ridge is Called Lake Ridge Commons. True Homes said their homes are in the 230,000 to 400,000 price range and 2,900 to 4,300 square feet. Two homes are currently under construction and should be completed by the end of August.
DR Horton, a well known national home builder, plans to build homes starting in the low $220,000 range with sizes in the 1,910 to 4,127 square foot range. Dr Horton plans to begin building homes by August.
An updated amenity list includes:
- Four planned pocket parks
- Four miles of paved walking trails.
- A 8,000 sq foot Timberlake-style clubhouse with:
- five-lane competition pool and kiddie pool with water slide
- two tennis courts
- a multi-purpose court and a playground area
- a grand gathering area around a fireplace
- a party kitchen
- a state-of-the-art fitness center,
- Wi-fi connectivity
- Walking distance to the Catawba River
- Fort Mill Schools
- Just minutes south of Charlotte
We will be updating homesfortmill.com soon with detailed information about Lake Ridge and the homes that will be offered at lake Ridge.email@example.com Carmen Miller Contact Form homesfortmill.com