Homebuilder opens new 107-house community

Homes in Rivo Lakes start in the mid-$400,000s.

By Business Observer Staff
| 1:11 p.m. September 19, 2018
| 2 Free Articles Remaining!

Courtesy. An aerial view of the Rivo Lakes property in Sarasota.

Manatee-Sarasota

SARASOTA — M/I Homes will mark the grand opening of its newest community, Rivo Lakes, Sept. 22 in Sarasota.

Rivo Lakes has 107 homes on 80-foot-wide lots. The neighborhood includes a central lake, walking paths and open-space community areas, according to a statement.

The houses have Tuscan-inspired facades and start in the mid-$400,000s. They range from 2,291 to 5,021 square feet and have three-car garages.

Rivo Lakes is at 6369 Rivo Lakes Blvd.

M/I Homes was founded in 1976 by Melvin and Irving Schottenstein. The company opened a homebuilding division for Sarasota and Manatee counties in July 2016.

Editor's note: This story was updated to reflect the correct size of the lots and garages in Rivo Lakes.