Monterey at Lakewood Ranch: Luxury New Construction, Larger Homes and Resort-Style Living

If you are looking for luxury new construction in Lakewood Ranch—but want more space, more personalization and a location within Sarasota County—Monterey at Lakewood Ranch deserves a closer look.

Built exclusively by Toll Brothers, Monterey is a private, gated community located in the southeastern section of Lakewood Ranch near Fruitville Road and the future Bourneside Boulevard extension. The community combines large single-family homes, substantial homesites and resort-style amenities with convenient access to Waterside Place, downtown Sarasota and the Gulf Coast.

But as I always remind buyers: Lakewood Ranch is not one neighborhood, and every village offers a different version of the Florida lifestyle. Here is what you should know before deciding whether Monterey is the right fit for you.

Where Is Monterey at Lakewood Ranch?

Monterey is located at 2637 Waterfront Circle in Lakewood Ranch’s 34240 ZIP code. Its position near Fruitville Road places it east of downtown Sarasota and south of many of Lakewood Ranch’s established villages.

This location may appeal to buyers who want:

• A Sarasota County address

• Gated new construction

• Convenient access to Waterside Place

• Larger luxury homes without a mandatory golf membership

• Proximity to Sarasota’s shopping, dining, cultural attractions and beaches

Monterey feels slightly removed from the busier sections of Lakewood Ranch, but that is part of its appeal. You get a quieter, more residential setting while remaining connected to everything Lakewood Ranch and Sarasota have to offer.

Homes in Monterey at Lakewood Ranch

Monterey is being developed by Toll Brothers and is planned to include approximately 900 homes when fully built out. The community offers both single- and two-story luxury homes surrounded by ponds, lakes and preserved natural areas.

As of July 2026, Toll Brothers is offering three collections:

Ardenna Collection

The Ardenna Collection currently offers homes starting from the upper $700,000s, with floor plans ranging from approximately 2,517 to 3,958 square feet.

These homes generally offer three to five bedrooms, flexible living spaces and three-car garages. Available designs include the Rossi, Selby, Rossi Elite, Bearadise and Breeze.

Shearwater Collection

The Shearwater Collection features larger residences ranging from approximately 3,291 to more than 5,400 square feet. Base pricing currently begins in the upper $900,000s, with several designs exceeding $1 million before structural options, design selections and homesite premiums.

Floor plans include the Ballast, Caladesi, Centennial, Stoneybrook and Dexter.

Egret Collection

The Egret Collection is expected to arrive in fall 2026, with anticipated pricing beginning in the $1.9 millions. This will introduce another level of luxury within Monterey for buyers looking for larger homes and more elevated design options.

Prices and availability can change quickly, and the advertised base price is rarely the final price of a new construction home. Homesite premiums, pools, structural modifications and design-center selections can significantly affect the total investment.

What Do the Homes Look Like?

Toll Brothers is known for open-concept layouts, high ceilings, large kitchens and extensive personalization options. Many Monterey plans offer features such as:

• Three-car garages

• First-floor primary suites

• Guest suites with private bathrooms

• Home offices and flex rooms

• Large covered lanais

• Multi-slide doors

• Oversized kitchen islands

• Walk-in pantries

• Second-floor lofts

• Multigenerational living options

• Space for a private pool

The community offers a broader range of home sizes than many people realize. Monterey is not limited to enormous two-story homes. Buyers can choose from single-story floor plans beginning around 2,500 square feet or move into much larger designs exceeding 5,000 square feet.

That flexibility makes Monterey worth considering for buyers who need room for visiting relatives, adult children, a home office—or simply want enough space that everyone is not living on top of each other.

Monterey Amenities

Monterey is designed as a full lifestyle community rather than simply a gated collection of homes. Planned amenities include:

• Resort-style swimming pool

• Clubhouse and social spaces

• Fitness center

• Tennis courts

• Pickleball courts

• Basketball court

• Event lawn

• Dog park

• Walking trails

• Parks and green spaces

• Ponds and natural views

• Outdoor pavilion and grilling areas

The biggest distinction is that Monterey offers a luxury amenity package without being a bundled-golf community. You can enjoy a clubhouse, fitness center, pool and social environment without paying for a golf membership you may never use.

Current HOA fees are listed at approximately $352 to $373 per month and include maintenance, although buyers should verify the exact amount, inclusions and any property-specific assessments before purchasing.

Schools Near Monterey

Monterey is located within the Sarasota County School District. School assignments can change as new communities develop and enrollment boundaries are adjusted, so buyers should confirm zoning directly with Sarasota County Schools for the specific property address.

School ratings and third-party websites can be helpful starting points, but they should never replace verification with the district.

What I Like About Monterey

Monterey fills an interesting space in the Lakewood Ranch market.

It offers newer luxury construction and extensive amenities, but it does not require buyers to join a golf club. The homes are generally larger, the floor plans are highly customizable and many include three-car garages—something that is becoming harder to find at lower price points.

I also like that buyers can choose between several different levels of luxury within the same community. You may be considering a 2,500-square-foot single-story home, a multigenerational floor plan or a future home approaching the $2 million range without having to leave the neighborhood.

For buyers who like Toll Brothers but want to compare communities, Monterey also provides an alternative to The Isles at Lakewood Ranch. The Isles is more established and located farther north, while Monterey offers newer construction, a Sarasota County location and future expansion in the southeastern portion of Lakewood Ranch.

What Buyers Should Consider

No community is right for everyone, and Monterey is still developing.

Construction will continue as additional phases and collections are released. Buyers should expect builder activity, vacant homesites and evolving surroundings during the community’s growth period.

You should also look beyond the floor plan when selecting a home. The position of the homesite can affect privacy, afternoon sun, water views, road noise and future resale value. A beautiful model home can distract buyers from the fact that the lot may ultimately matter just as much as the kitchen.

Before signing a builder contract, review:

• The homesite and its orientation

• Lot premiums

• Structural upgrade costs

• Design-center allowances

• Pool pricing

• HOA fees and inclusions

• Tax and assessment estimates

• Construction timelines

• Builder warranty coverage

• Future development surrounding the property

And remember: the builder’s sales representative works for the builder. Having your own Realtor does not normally increase the price of the home, but your agent generally must accompany or register you before—or during—your first visit.

Is Monterey at Lakewood Ranch Right for You?

Monterey may be a strong fit if you want a gated, maintenance-included community with larger luxury homes, extensive amenities and a Sarasota County location.

It may be especially appealing if you want new construction but do not want a mandatory golf membership, or if you need a floor plan that can accommodate guests, multigenerational living or working from home.

The best way to evaluate Monterey is not simply to tour the model homes. It is to compare the total cost, available homesites and lifestyle against other Lakewood Ranch communities in the same price range.

If you are considering Monterey at Lakewood Ranch, I can help you compare floor plans, evaluate homesites, understand builder incentives and determine how it stacks up against The Isles, Wild Blue, Shellstone, Lakehouse Cove and other luxury Lakewood Ranch communities.

Let’s make sure you are not just choosing the prettiest model—you are choosing the right community, lot and investment.